RBI sets SGB 2019-20 Series VI premature redemption price at ₹14,213
In short
The RBI fixed the early redemption price for SGB 2019-20 Series VI at ₹14,213 per gram.
Mint said investors who bought at the original issue price could make gains of up to 275%, before interest and taxes. The exact payout for each holder is not stated.
What the reporting says
The RBI fixed the premature redemption price of SGB 2019-20 Series VI at ₹14,213 per gram, according to the source summary. Mint says investors who bought at the original issue price can earn capital gains of up to 275%, excluding interest and taxes. The redemption only applies to that series, while the exact investor-level outcome depends on purchase price and holding details not stated here.
Why it matters
This is a fixed-price redemption update for Sovereign Gold Bonds, with the RBI setting SGB 2019-20 Series VI at ₹14,213 per gram. Investors in that series are directly affected, and Mint says some may see capital gains of up to 275% before interest and taxes. The final outcome still depends on each investor’s purchase price, which is not fully detailed in the available reporting.