Indian Postal Department has now launched Sovereign Gold Bond (SGB) Scheme for the year 2020-21. This scheme is open from Nov. 9 to Nov. 13. Interested customers can visit the nearest Post Office to invest in SGB scheme. While one can apply for a minimum of 1 gram of gold, individual or Hindu undivided family can invest up to 4 kg in each financial year. Trusts can invest up to a maximum of 20 kg a year. The Bond tenure is 8 years with exit option after 5th, 6th or 7th year. If one holds the Bond till maturity, they will get an amount equivalent to the market price of gold. The Bonds bear interest at the rate of 2.5 percent per annum on the amount of initial investment, which will be credited semi-annually. For details, contact the nearest Post Office or call Ph: 0821-2417307/8 or Mob: 98451-07947.
This post was published on November 7, 2020 3:32 pm