RBI Announces Premature Redemption Prices for Sovereign Gold Bonds 2020-21 Series VI and XII

The Reserve Bank of India (RBI) has announced premature redemption prices for Sovereign Gold Bonds (SGB) 2020-21 Series VI and XII, maturing in March 2026. The redemption price is fixed at approximately Rs 16,063 per unit, reflecting gold's recent price rise. Investors who initially invested Rs 1 lakh in Series VI may receive about Rs 3.48 lakh, indicating returns over 217%, while Series XII offers around 248% returns, excluding a fixed 2.5% annual interest paid semi-annually. SGBs provide gold price exposure without physical holding and allow early exit after five years.