RBI fixes redemption price for SGB 2020-21 Series XII at ₹15,355 per gram; ₹1 lakh online investment could grow to about ₹3.33 lakh at maturity

The Reserve Bank of India has announced the redemption price for the SGB 2020-21 Series XII on maturity, setting the amount at ₹15,355 per gram.

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Investors who bought online at ₹4,612 per gram would see their ₹1,00,000 investment mature to about ₹3.33 lakh at redemption, excluding any interest paid during the term.

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How the figures line up

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  • Redemption price: ₹15,355 per gram

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  • Online purchase price: ₹4,612 per gram

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  • Example: ₹1,00,000 invested at issue equals about 21.7 grams; at ₹15,355 per gram, redemption would be around ₹3.33 lakh

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Notes: The amount above excludes interest accruing over the period. SGBs also offer periodic interest at 2.5% per annum on the nominal value, typically paid semi-annually, which would add to the total return.

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