Final Redemption Price Announced

The Reserve Bank of India (RBI) has set the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV at Rs 8,634 per gram, marking an impressive 193% return over eight years. This price is based on the average closing gold price from March 11 to March 13, 2025.

What Are Sovereign Gold Bonds?

Sovereign Gold Bonds (SGBs) are government securities issued by the RBI, offering an alternative to physical gold investment with the added benefit of earning a fixed 2.50% annual interest, paid semi-annually. These bonds are exempt from capital gains tax if held until maturity, making them an attractive investment option.

Redemption Process Simplified

Investors are notified one month before maturity, with proceeds credited directly to their registered bank account on the maturity date. It's crucial for investors to update their bank account or contact details with the bank or SHCIL before maturity to ensure a smooth redemption process.