INCOME TAX8 Sept 2026
SGB premature redemption today: ₹1 lakh investment rises to ₹3.04 lakh as RBI fixes exit price at ₹15,384 per gram | Mint
RBI has set the premature redemption price for Sovereign Gold Bond 2020-21 Series VI at ₹15,384 per gram. Redemption opens today, 8 September 2026. If you bought online at ₹5,067 per gram, you gain about 204%. A ₹1 lakh investment would return roughly ₹3.04 lakh. This excludes the 2.5% annual interest. Check your SGB details and redeem if you're eligible.
Key Statutory Highlights
- RBI fixed the premature redemption price for SGB 2020-21 Series VI at ₹15,384 per gram, available from 8 September 2026.
- Online buyers who paid ₹5,067 per gram get about 204% capital appreciation, excluding 2.5% annual interest.
- A proportional ₹1 lakh investment would be worth about ₹3.04 lakh at redemption, before interest.
Actionable Advice for Taxpayers / Founders:If you hold SGB 2020-21 Series VI, check your bond details and confirm the redemption process with your bank or agent before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: