SGB last redemption: This Sovereign Gold Bond tranche is up for last redemption today

Synopsis Sovereign Gold Bond: The Reserve Bank of India (RBI) has actually revealed the last redemption of SGB 2016-17 Series II, due on September 30, 2024. The SGB was at first released on September 30, 2016. It has an 8-year period and can be redeemed too soon after 5 years. ET Online With no brand-new tranche statement of Sovereign Gold Bonds (SGB) for this year, the Reserve Bank of India (RBI) has actually revealed the last redemption of SGB 2016-17 Series II which is due today that is September 30 2024. It was released on September 30, 2016. The period of the SGB is 8 years which can be too soon redeemed after 5 years. SGB 2016-17 Series II: What is the last redemption rate The redemption rate for the last redemption due on September 30, 2024 will be Rs 7,517 per system of SGB based upon the basic average of closing cost of gold for the week September 23– September 27, 2024. Sovereign Gold Bond: RBI reveals SGB early redemption dates for October 2024- March 2025, check information How is the last SGB redemption quantity computed The redemption rate of SGB will be based upon the easy average of closing rate of gold of 999 pureness of the week (Monday-Friday), preceding the date of redemption, as released by the India Bullion and Jewellers Association Ltd (IBJA). SGB 2016-17 Series II: What was the problem cost The concern cost was Rs 3,150 when it was provided on September 30, 2016. The interest on the Gold Bonds was repaired interest rate at 2.75 percent per year on the quantity of preliminary financial investment. The dominating interest rate now is 2.50%. The interest will paid in half-yearly rests and the last interest will be payable together with the principal on maturity. Essential FAQs to keep in mind on Sovereign Gold Bonds, based on the RBI site. What
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