RBI reveals final redemption rate, price of SGB 2016 Series II

The Reserve Bank of India has declared the redemption date for the ‘SGB 2016 Series II - Issue date March 29, 2016’. The RBI has also announced the redemption price of SGB 2016 Series II. According to the press release, the final redemption date of the above tranche shall be March 28, 2024 (March 29, 2024, being a holiday).