Sovereign Gold Bonds: Investors Triple Money, RBI Announces Premature Redemption

• RBI allows premature redemption for 2020-21 Series-IV Sovereign Gold Bonds, offering significant profits.
• Investors who bought SGBs at Rs. 4,802 per gram in 2020 can now redeem at Rs. 13,929 per gram.
• This translates to approximately 190% profit, with the investment value more than tripling.
• SGBs also provide an additional 2.50% annual interest on the principal, paid semi-annually.
• The scheme offers a safer alternative to physical gold, eliminating storage, theft, and making charges.

Why It Matters: Sovereign Gold Bond investors are seeing massive returns, with premature redemption yielding nearly 190% profit.