SGB 2020-21 Series VII: Investors to pocket 192% gains on premature redemption; RBI fixes October 19 date

The Reserve Bank of India (RBI) has announced that investors in the Sovereign Gold Bond (SGB) 2020-21 Series VII can prematurely redeem their bonds on 19 October 2023. The redemption price has been fixed at ₹14,614 per gram, resulting in capital gains of 189.33% for offline purchases and 192.22% for online purchases.