Chennai: Gold bonds will be on sale till the 3rd 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. It is selling gold bonds till December 3 at post offices across Tamil Nadu. The price of 1 gram of gold is 4,791 rupees. One can buy up to a maximum of 4 kg in a financial year.
2.5 per cent interest on the investment amount will be paid into the investor’s bank account once in six months. The investment can be repaid after five years. On the day of maturity eight years later, the amount will be equal to the price of gold on that day.
To apply for this, ‘Ban Card’ is required. The Post Office has announced that a copy of one of the ‘Aadhar Card, Voter Card, Passport’, along with the first page copy of the bank account book, can be filled up at the post office and delivered to the Gold Bond.