Finance
DoggfatherSnoop 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!
few days ago | Amit Kumar
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.
