New Delhi, Sept. 8 -- The Reserve Bank of India (RBI) has fixed the premature redemption price of Sovereign Gold Bond (SGB) 2020-21 Series VI at Rs.15,384 per gram, giving investors in the tranche a capital appreciation of about 204% over the original online issue price. The redemption is available from 8 September 2026, five years after the bond was issued.

The SGB 2020-21 Series VI was issued on 8 September 2020 at Rs.5,117 per gram. Investors who subscribed online and paid digitally received a Rs.50-per-gram discount, taking their effective issue price to Rs.5,067 per gram.

For an investor who bought the bonds online at Rs.5,067 per gram, the capital gain at the premature redemption price of Rs.15,384 is:

Rs.15,384 - Rs.5,067 = Rs.1...