New Delhi: In a major boost for investors, the Reserve Bank of India (RBI) has announced a redemption price of ₹12,801 per unit for two series of Sovereign Gold Bonds (SGBs). These bonds, originally issued on 11 December 2017 at just ₹2,954 per unit, have delivered returns of more than four times the initial investment.
According to an official statement, holders of SGB 2017–18 Series XI will receive their final payout at the newly fixed redemption rate of ₹12,801 per unit. In addition to the massive price appreciation, investors have also enjoyed an annual interest of 2.5% on their investment for the entire holding period.
RBI has extended the same redemption price to investors of the 2019–20 Series I, who wish to exit the scheme before its scheduled maturity on 11 December 2025.
With gold prices consistently rising over the years, SGBs have once again proven to be one of the most rewarding and secure long-term investment options for Indian households.
Relief for NRIs in Re-KYC Process
In a separate development, markets regulator SEBI has eased compliance norms for Non-Resident Indians (NRIs). SEBI announced that NRIs will no longer be required to be physically present in India during digital verification for updating their KYC details.
The move aims to simplify the Re-KYC process and reduce procedural hurdles for overseas Indian investors.
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