RBI sets premature redemption price for SGB 2021-22 Series VI at 228% return

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The Reserve Bank of India has announced the premature redemption price for the Sovereign Gold Bond (SGB) 2021-22 Series VI, originally issued on September 7, 2021. Investors in this series will be eligible to exercise the premature redemption option starting September 7, 2026. An initial investment of Rs 1 lakh in this bond series has grown to approximately Rs 3.28 lakh, reflecting a 228% return over five years. This gain is in addition to the fixed interest that SGB investors earn annually on their holdings. The announcement was made officially by the RBI through a formal statement.

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