SGB 2018-19 Series IV Investors Get Golden Exit: RBI Announces Premature Redemption

• RBI opens premature redemption for Sovereign Gold Bond (SGB) 2018–19 Series IV on January 1, 2026.
• Redemption price set at Rs 13,486 per unit, calculated from gold prices on Dec 29-31, 2025.
• Investors receive Rs 13,486 per unit plus the final 2.5% annual interest on the original issue price.
• SGB 2018–19 Series IV delivered an impressive ~320% absolute return (20% annualised) from its Rs 3,214 issue price.
• Capital gains from premature redemption are taxable, unlike tax-free gains at the full 8-year maturity.

Why It Matters: SGB 2018–19 Series IV investors can exit early with significant gains, but face capital gains tax.