From Rs 2,943 to Rs 8,624: SGB investors pocket tax-free windfall. Here’s how that works
Investors in the Sovereign Gold Bond (SGB) 2016-17 Series IV are set for a tax-free windfall, as the Reserve Bank of India (RBI) has announced the final redemption price — nearly tripling their investment. Issued in February 2017 at Rs 2,943 per gram, these bonds will now be redeemed at Rs 8,624 per gram, giving … Read more