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Snoop says: SGB 2017 hits Rs 12,801 payout, g!

Snoop says: SGB 2017 hits Rs 12,801 payout, g!

Yo, check it, g! RBI just dropped the redemption price for that Sovereign Gold Bond 2017-18 Series-XI at Rs 12,801 per gram starting Dec 11. Investors are feelin' that 341% return since they got in at Rs 2,952. Plus, the 2019-20 Series-I is in the mix too. No storage fees, interest, or tax worries, but keep your bank info fresh, fo’ shizzle!

Quick rundown

  1. SGB 2017-18 Series-XI offers a 341% return.
  2. RBI sets redemption price at Rs 12,801 per gram.
  3. SGBs provide tax-free redemption for individuals.
  4. Gold bonds eliminate storage and purity risks.
  5. No new SGB tranches announced since February 2024.

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