Thursday, July 3, 2025

Creating liberating content

Synopsys logo is seen displayed on a smartphone with the

A turf war is breaking out in the vast world

Inflammation is the body’s natural response to infection and usually

MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel

Related News

Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty Images The U.S. government has rescinded its export

A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on

Inflammation is the body’s natural response to infection and usually subsides on its own, when the infection is healed. However, chronic infections in the root canal area cause ongoing inflammation

MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs

MUMBAI: RBI has mooted a unique, secure borrower identifier to avoid duplication and misreporting of data with credit bureaus, and to improve loan access for borrowers.“Credit information companies rely on

BENGALURU: Midcap IT firms are poised to outperform large caps in the June quarter, analysts said. Deal signings continued steadily, with minimal large client cutbacks despite ongoing macroeconomic uncertainty, geopolitical

Trending News

A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on

MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs

MUMBAI: RBI has mooted a unique, secure borrower identifier to avoid duplication and misreporting of data with credit bureaus, and to improve loan access for borrowers.“Credit information companies rely on

MUMBAI: Shares of HDB Financial Services rose nearly 14% on the day of listing in the stock exchanges closing at Rs 841 against the issue price of Rs 740. At

NEW DELHI: Convenience rules and consumers are now reaching for ready-to-cook (RTC) meals more than ever before. Interestingly, RTC is the only category in packaged food that has doubled in

CHENNAI: Tyre exports from India hit an all-time high of Rs 25,051 crore in FY25, up 9% compared to Rs 23,073 crore clocked in the previous fiscal, commerce ministry data

Sovereign Bold Bonds earn over 200% returns: RBI announces redemption price for some SGBs – check details

Word Count: 727 | Estimated Reading Time: 4 minutes


Sovereign Bold Bonds earn over 200% returns: RBI announces redemption price for some SGBs - check details

Sovereign Bold Bond (SGB) redemption: Bought sovereign gold bonds in 2017 or 2018? You are in for good news as the RBI announced the redemption prices for the SGBs, offering a return of over 200%.The Reserve Bank of India (RBI) announced the redemption price for two sovereign gold bond tranches due for premature redemption on July 1. Investors holding the SGB 2017-18 Series-XIV and SGB 2018-19 Series-IV will be getting Rs 9,628 per unit of SGB.Even though the tenure for these gold bonds is 8 years, they allow for premature redemption after the fifth year from the date of issue.Calculating the SGB redemptionAccording to the RBI press release issued on June 30, the redemption price is calculated as the simple average of closing gold price of 999 purity for the previous three business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).For this cycle, the relevant dates were June 26, 27 and 30, ET reported.SGB 2017-18 Series-XIVThose who invested in the SGB 2017-18 Series XIV in January 2018 at Rs 2,831 per gram are getting almost 240% return.SGB 2018-19 Series-IVThe SGB 2018-19 Series IV, issued a year later in January 2019 at Rs 3,119 per gram, has yielded an increase of over 208%. This implies that investors would be getting Rs 6,509, in case they chose to opt to withdraw prematurely.This rate does not account for the fixed 2.5% interest offered annually.Interest offeredThe bonds carry an interest rate of 2.5% per annum, paid semi-annually. This is credited directly to the investor’s bank account and is in addition to the capital appreciation. The final interest payout is made along with the principal on maturity or redemption.How to redeem SGBAs prematurelyIdentifying the bond tranche by checking the issue date to determine when they become eligible for premature redemption. They should then submit the redemption request before the deadline specified in the schedule to ensure timely processing. Investors will be notified one month in advance about the upcoming maturity of their SGBs. On the maturity date, the proceeds will be directly credited to the bank account registered with the issuing authority. In case there are any changes in personal details such as bank account number or email ID, it is important to promptly update this information with the bank, SHCIL, or post office to avoid any details.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account