SGB turns Rs 1L investment into Rs 4.8L
Synopsis The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026
Synopsis The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026.
The redemption value is fixed at Rs 14,199 per unit of SGB. This represents a significant return of nearly 319% on the initial investment. Investors
will receive this amount excluding the annual interest payments.
The BriefWire