In Briefs

Postal Sovereign Gold Bond scheme

October 14, 2020

Indian Postal Department has now launched the seventh series of the Sovereign Gold Bond (SGB) Scheme 2020-21. This scheme is open from Oct. 12 to Oct. 20. Interested customers can visit the nearest post office to invest. The price is fixed at Rs. 5,051 per gram of gold. While one can apply for a minimum of 1 gram, individual or Hindu undivided family can invest up to 4 kg in each financial year. Trusts can invest up to 20 kg a year. The bond tenure is 8 years with exit option after 5th, 6th or 7th year. If one holds the bonds till maturity, they will get an amount equivalent to the market price of gold. These bonds can also be used as collateral for loans. For details, contact the nearest post office or call Ph: 0821-2417308/307.

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Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

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