Investors holding Sovereign Gold Bonds from October 2020 could be in for a Diwali treat, with the opportunity to redeem their bonds and earn a handsome return of over 150%. The Reserve Bank of India ( RBI ) has announced the early redemption price for the Sovereign Gold Bond (SGB) 2020-21 Series-VII, giving investors the option to redeem their bonds on October 20, 2025. Although these bonds have an eight-year term, the RBI allows investors to exit early after completing five years. The central bank, in a statement, said, in terms of GOI notification F.No.4(4)-B(W&M)/2020 dated 09 October 2020, premature redemption of the Gold Bond may be permitted after the fifth year from the date of issue on the date on which interest is payable. This tranche was open for subscription between 1

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