RBI announces Rs 12,801 SGB payout with 341 percent return

Listen up! The RBI's slapping down a redemption price of Rs 12,801 per gram for the Sovereign Gold Bond 2017-18 Series XI starting December 11! That’s a jaw-dropping 341 percent return from the measly Rs 2,952 issue price. SGBs crush physical gold—no storage, annual interest, tax-free at maturity! Get your bank details sorted, or you’ll be an idiot sandwich in the redemption kitchen!