SGB Investors See 370% Return as RBI Announces Early Redemption for 2018-19 Series-V

• RBI announced premature redemption for Sovereign Gold Bonds (SGBs) 2018-19 Series-V, issued on January 22, 2019.
• Redemption price fixed at Rs 14,853 per unit, yielding a 362.13% gain over the issue price of Rs 3,214.
• Investors who paid online with a discount of Rs 50 achieved a 369.43% gain on an issue price of Rs 3,164.
• The redemption price is based on the simple average of closing gold prices from IBJA for January 19, 20, and 21, 2026.
• Interest on SGBs is taxable, but capital gains on redemption for individuals are exempt; the scheme was discontinued in October 2023.

Why It Matters: SGB 2018-19 Series-V investors received a significant 370% return with early redemption by RBI.