Revised payout for SGB 2017–18 Series XI holders
Holders of the Sovereign Gold Bond (SGB) 2017–18 Series XI, which were originally priced at ₹2,954 per unit, will receive a revised payout along with the accumulated interest of 2.5% per annum earned over the bond’s tenure.
What investors should expect
The revised payout replaces the original issue valuation and reflects the final settlement amount due to bondholders. In addition to that principal adjustment, the bonds carry a fixed interest rate of 2.5% annually, which will be included in the total amount paid out to investors for the period they held the bonds.
Why this matters
- Combined return: The total cash you receive will be the revised principal amount plus the cumulative 2.5% annual interest, boosting overall returns beyond any capital movement implied by the revised payout alone.
- Predictability: The fixed interest component provides a known addition to returns, which can help with planning and cash-flow expectations.
- Record keeping: Confirming the revised payout helps ensure accurate tax reporting and personal bookkeeping.
Practical steps for bondholders
- Check official communications from your registrar, bank, or broker for the exact payout amount and payment date.
- Verify that your bank account and contact details are up to date to avoid delays in receiving funds.
- Keep records of the revised payout and the interest received for tax and investment reporting.
- Consider consulting a financial advisor if you need help understanding how the payout affects your portfolio.
Quick takeaway
If you hold SGB 2017–18 Series XI units bought at ₹2,954, expect a revised settlement amount plus the accumulated 2.5% annual interest for the bond’s tenure. Review issuer communications and update your banking details to ensure a smooth payout.