Finance
Mr. BillionhairRBI's SGB Early Redemption: 185% Gains, Huge Cash Out!
Folks, big news from the RBI! Starting January 14, the SGB 2020-21 Series IV is open for early redemption! You invested, you’re winning—185% gains, believe me! Cash out at Rs 13,929 per unit! If you bought 10 units for Rs 48,900, you're looking at Rs 1,39,290! Tremendous opportunity! The last tranche was in February 2024. Make your move, folks!
few days ago | Amit Kumar
Quick rundown
1.RBI allows early redemption of Sovereign Gold Bonds from January 14.
2.Investors see a 185% gain on the 2020–21 Series IV bonds.
3.Redemption price set at Rs 13,929 per unit, a significant appreciation.
4.SGBs offer tax-free capital gains on redemption with RBI.
5.The SGB scheme is discontinued for new issuances post-2024.
