RBI SGB Redemption: 2017-18 Investors See ₹9,847 Profit Per Unit

• RBI announced a high redemption value for old Sovereign Gold Bond (SGB) series.
• Investors in the SGB 2017-18 series (bought at ₹2,954) will receive ₹12,801 per unit, yielding a profit of approximately ₹9,847.
• SGBs offer an additional 2.5% annual interest, paid semi-annually, alongside capital appreciation from gold price increases.
• The scheme aims to reduce physical gold demand by providing a secure, digital investment option with no storage or theft risks.
• SGBs provide tax benefits, including exemption from capital gains tax if held for the full 8-year maturity period.

Why It Matters: Sovereign Gold Bonds offer investors significant returns, safety, and tax advantages.