The Post Office has announced that those who want to invest in gold can join the Gold Securities Scheme. The Post Office, in association with the Reserve Bank of India, has been facilitating the sale of gold bonds for the convenience of those who wish to invest in gold.
Gold bonds will be on sale till December 3 at post offices across Tamil Nadu.
Those who are interested can invest in this scheme. The Central Government has issued the Gold Bond Scheme through the Reserve Bank.
The sale of gold bonds is scheduled to take place till December 3 at post offices across Tamil Nadu.
The price of a gram of gold is Rs 4,791 and one can buy up to a maximum of 4 kg in a financial year. 2.5% interest on the investment amount will be paid into the investor’s bank account once in 6 months.
The investment can be repaid after five years. On the day of maturity after 8 years you will get a sum equal to the price of gold on that day. This allows you to store gold without damage.
Ban card is required to apply for this. The Post Office has announced that you can get the gold bond by filling in the application form at the post office along with a copy of one of the Aadhar card, identity card, passport and the first page copy of the bank account book.