SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram

Investors in the 2016-17 SGB Series I scheme have seen their investment grow by an impressive 122% (Rs 3,819) over the initial issue price of Rs 3,119 per gram. This excludes an additional 2.5% interest income provided by the government. The bonds, issued on August 5, 2016, mature eight years after their issue date.