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RBI Sets SGB Series VI Redemption Price at ₹15,334
The Reserve Bank of India has set the price for leaving a certain gold-linked bond early at ₹15,334 per unit.
These bonds were first sold in September 2021.
People who bought them online paid ₹4,682 per unit, while other buyers paid ₹4,732.
Because the redemption price is much higher, a ₹1 lakh online investment could be worth about ₹3.28 lakh.
This estimate does not include the interest investors received.
The bonds pay 2.5% interest every year in two payments.
Investors can leave on 7 September 2026 because five years have passed.
They can also keep the bonds until their eight-year maturity instead.
The Reserve Bank of India fixed the premature redemption price at ₹15,334 per SGB unit.
SGB 2021-22 Series VI was issued on 7 September 2021, with redemption scheduled for 7 September 2026.
Online investors paid ₹4,682 per gram after a ₹50 digital-payment discount, while other investors paid ₹4,732.
At the redemption price, an online investment of ₹1 lakh would be worth approximately ₹3.28 lakh, excluding interest.
The bonds pay 2.5% annual interest and may also be held until their original eight-year maturity.
- Who
- The Reserve Bank of India and investors holding Sovereign Gold Bond 2021-22 Series VI.
- What
- The RBI fixed the premature redemption price at ₹15,334 per unit.
- Where
- The decision concerns India's Sovereign Gold Bond scheme; the gold-price data was published by the India Bullion and Jewellers Association.
- When
- The bonds were issued on 7 September 2021, and premature redemption is due on 7 September 2026.
- Why
- The redemption price is calculated from the simple average of 999-purity gold's closing prices during the three preceding business days.
Redeem Early
Continue Holding
Investment choice
Redeem Early
Investors who want to lock in the substantial increase in the gold-linked value may use the premature redemption facility.
Continue Holding
Investors who want to retain exposure to gold can keep the bonds until their original eight-year maturity.
Potential returns
Redeem Early
Based on the online issue price, the redemption value represents an approximate 227.5% price gain, excluding interest already received.
Continue Holding
Continuing to hold preserves the fixed 2.5% annual interest and continued exposure to changes in gold prices.
Key facts
- Bond series
- Sovereign Gold Bond 2021-22 Series VI
- Issue date
- 7 September 2021
- Premature redemption date
- 7 September 2026
- Redemption price
- ₹15,334 per unit
- Original issue prices
- ₹4,682 per gram for online digital-payment purchases and ₹4,732 for other investors
- Interest
- 2.5% per annum on the original investment, paid twice yearly
- Pricing basis
- Average closing price of 999-purity gold on 2, 3 and 4 September 2026, as published by the India Bullion and Jewellers Association
Sources
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