Sovereign Gold Bond Series IV 2020-21: Investors to see 198% returns as RBI sets redemption price
The Reserve Bank of India (RBI) has fixed the early redemption rate at ₹14,307 per unit for the Sovereign Gold Bond Series IV 2020-21, with the payout scheduled for Tuesday. This valuation results in a profit margin reaching 198% for investors. When these bonds were initially issued, the cost was set at ₹4,852 per gram for those applying offline and ₹4,805 per gram for digital applicants.
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