RBI Announces Premature Redemption Prices for Sovereign Gold Bonds Series-II and Series-IV

The Reserve Bank of India (RBI) has announced premature redemption prices for Sovereign Gold Bonds (SGBs) from the 2019-20 Series-II and 2020-21 Series-IV, allowing investors to exit after five years. The 2019-20 Series-II bonds, issued at around Rs 3,443 per unit, have a redemption price of Rs 14,092, reflecting over 309% gains excluding interest. The 2020-21 Series-IV bonds, issued at approximately Rs 4,802 per unit, have a redemption price of Rs 13,929, offering about 185% gains. Interest at 2.5% per annum is paid semi-annually, and redemption proceeds will be credited directly to investors.