Mysore/Mysuru: The Postal Department has introduced Sovereign Gold Bond Scheme for the year 2021-22, in which the members of the public can invest at their nearby Post Office from today (Aug.9) till Aug. 13, 2021.
The minimum investment is one gram of gold and individuals and undivided Hindu families can invest upto 4 kg while Trusts and such other bodies can invest upto 20 kg in a financial year.
The Bond period is 8 years. After the expiry of the Bond period, the Post Office will return the money for the invested quantity of gold as per the market rate that prevails then. An annual fixed interest of 2.5 percent will also be paid on the investment.
For more details about the Sovereign Gold Bond Scheme, the members of the public can visit their nearest Post Office or call Ph: 0821-2417308 or 2417307 or Mob: 98451-07947, according to a press release from the Sr. Postal Superintendent.
This post was published on August 9, 2021 6:24 pm