On what basis SGB interest is calculated?

Bonds
1

On what basis SGB interest is calculated ? Is it interest on current gold price or current SGB price or price of issuance of SGB ?

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Hi,

As per the FAQs issued by RBI on SGBs (refer Question 14), the interest is computed on the “amount of initial investment”, by which I think, they mean the issue price for that particular series.

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It’s based in the issue price

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