240% return on Sovereign Gold Bonds: RBI announces redemption price of these SGBs
What is the redemption price of (SGB) 2017-18 Series-XIV and SGB 2018-19 Series-IV
SGB 2017-18 Series XIV
SGB 2018-19 Series IV
The Reserve Bank of India ( RBI ) has announced the premature redemption price for Sovereign Gold Bonds (SGB) 2017-18 Series-XIV and SGB 2018-19 Series-IV , due today, July 1, 2025, The tenure of gold bonds is 8 years and premature redemption of SGBs is permitted only after the fifth year from the date of issue.According to an RBI press release dated June 30, 2025, 'The redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA).The redemption price for premature redemption due on July 01, 2025, shall be Rs 9,628 per unit of SGB based on the simple average of closing gold price for the three business days i.e., June 26, June 27, and June 30, 2025.The SGB 2017-18 Series XIV, issued at Rs 2,831 per gram in January 2018, has yielded a return of nearly 240%.For the SGB 2018-19 Series IV, issued at Rs 3,119 in January 2019, the increase is over 208% if the investor opts for premature withdrawal.This particular SGB 2018-19 Series IV was issued at Rs 3,119 per gram in January 2019. So, the absolute return comes to Rs 9,628-3,119= Rs 6,509 (without factoring in the interest). In percentage terms, it comes to Rs {(9628/3119*100} %= 208.69%Note that the above rates exclude the annual 2.5% interest.The bonds bear interest at the rate of 2.50% (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principalInvestors holding SGBs should review the redemption schedule carefully. Some of the Key actions include:a) Identify the tranche to which your bonds belong by checking the issue date. This is the date when the bonds can be redeemed before maturity.b) Ensure that your request for premature redemption is submitted by the deadline mentioned in the schedule.The investor will be advised one month before maturity regarding the ensuing maturity of the bond. On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record.In case there are changes in any details, such as bank account numbers and email IDs, then the investor must inform the bank/SHCIL/PO promptly.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
4 minutes ago
- Time of India
'Don't see other risks, Sebi is upgrading surveillance': Chairman Tuhin Kanta Pandey
MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday assured investors there were not many other risks in the market like the one seen recently in the event of market manipulation by US-based quant fund Jane Street. Tired of too many ads? go ad free now The Sebi chief also said that the Jane Street issue was more of a surveillance issue and that the regulator is in the process of upgrading now. The chairman of of the markets regulator was speaking to the media after inaugurating a new investor empowerment facility on the apps run by the two depositories, CDSL and NSDL. Late on Thursday Sebi through an enforcement order had temporarily banned Jane Street and three of its affiliates from the Indian market for manipulation in stocks and futures & options (F&O) markets. The regulator had also asked the entities to together disgorge nearly Rs 4,850 crore, alleged to be Jane Street's illegal gains. Asked if there were other similar funds that have manipulated the market, Sebi chief said he didn't think there were "very many other risks." Pandey said that what happened in the Jane Street matter was a surveillance issue, and the regulator was upgrading its surveillance systems. A day earlier, the markets regulator had said that along with Sebi, the two leading bourses were also in the process of upgrading their surveillance systems so that cases like Jane Street did not occur. He had also assured investors that Sebi will not tolerate any attempt at market manipulation. The Sebi chief also said that the action it took against Jane Street was within the confines of the regulatory powers. Pandey also said that was not the regulatory powers but better surveillance and enforcement systems which would act as deterrents against market manipulators.
Time of India
15 minutes ago
- Time of India
Complete med device park by January, Centre tells YEIDA
Noida: The central govt has directed Yamuna Expressway Industrial Development Authority (YEIDA) to complete the Rs 440 crore medical device park being constructed in Sector 28 by Jan next year. The 350-acre park is set to be a major hub for medical device manufacturing and innovation. According to YEIDA officials, external and internal development work – such as roads, drainage, and sewerage systems – is currently underway. The administrative building is already complete, while construction has begun on several manufacturing units. Officials said that completion means finishing not only the basic infrastructure but also all planned common scientific facilities, as instructed by the department of pharmaceuticals, Ministry of Chemicals and Fertilizers for a timely inauguration. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Out of more than 200 plots planned in the park, 89 have already been allotted to companies. Among them, 23 companies have executed lease deeds, and 10 have secured building plan approvals. As per the lease agreement, these companies must finish construction and start operations within two years. To attract additional investment, YEIDA has launched a new scheme offering 21 more plots. YEIDA CEO R K Singh visited the site on Thursday to assess the progress and directed teams to ensure work stays on track to meet the scheduled deadline. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cervecería Nacional CFD: Calcula cuánto podrías ganar invirtiendo solo $100 Empieza a invertir hoy Empieza ahora Undo Companies investing in the park include one that will manufacture cancer care equipment, 13 that will produce radiology devices, 31 focusing on anaesthesia equipment, 23 in implants, and 21 in in-vitro diagnostic (IVD) products. The largest allotment so far, an 11-acre plot, has gone to TI Medical, a joint venture between Fortune India 500 company Murugappa Group's engineering firm Tube Investments of India (TII) and Premji Invest. The funding structure includes Rs 240 crore for land development, Rs 190 crore for common infrastructure, Rs 5 crore for project management and consultancy, and Rs 5 crore for contingency and other expenses. The central govt has committed Rs 100 crore, of which Rs 70 crore is earmarked for equipment and Rs 30 crore for civil works. The state govt, through YEIDA, will fund the remaining Rs 340 crore. Designated as the state implementation agency under the central govt's Scheme for Promotion of Medical Device Parks launched in April 2022, YEIDA's park enjoys a strategic location near the upcoming Noida International Airport, International Film City, and other industrial zones. The park will feature six Common Scientific Facilities (CSFs) hosting 13 specialised labs, from IoMT and AI/ML computing to bio-material testing and gamma irradiation. Beyond manufacturing, it will also include support facilities like a food court, banks, green spaces, power backup, and water treatment plants – creating a modern, fully serviced industrial ecosystem.
Indian Express
33 minutes ago
- Indian Express
Railway minister Ashwini Vaishnaw announces four Amrit Bharat trains for Bihar
Railway Minister Ashwini Vaishnaw Monday announced that four new Amrit Bharat trains, with non-AC sleeper and general class coaches only, will become operational in Bihar soon. 'It has been decided to run an Amrit Bharat Express train from Patna to Delhi daily… Along with this, from Darbhanga to Lucknow, a weekly Amrit Bharat Express will be operated. Another one from Malda to Lucknow, which will cover a portion of Bihar and Poorvanchal (Uttar Pradesh) and one more from Saharsa to Amritsar, via North Bihar, will be operational soon,' said Vaishnaw while addressing the media after visiting Karpoori Gram railway station, named after Bharat Ratna-awardee Karpoori Thakur, popularly known as Jan Nayak. Vaishnaw said Rs 10,000 crore has been sanctioned in this year's Union Budget for strengthening rail infrastructure in Bihar.
