Indian Postal Department’s Sovereign Gold Bond (SGB) Scheme 2020-21 series is open for subscription from Mar. 1 to Mar. 5. Interested customers can visit the nearest Post Office to invest in SGB scheme. Minimum subscription is one gram and maximum is 4 kg for individuals, 4 kg for Hindu Undivided Family and 20 kg for trusts and similar entities for one fiscal year. The Bond tenure is 8 years with exit option after 5th, 6th or 7th year. On maturity, an amount equivalent to the market price of gold is given. The Bonds fetch interest of 2.5 percent per annum on initial investment. For details, call Ph: 0821-2417307/308.
This post was published on February 28, 2021 3:35 pm