Gold Bonds are being sold at all the Post Office in the State of Tamil Nadu until 3rd December. Interested citizens may invest in this.
The Central Government has released the Gold Bonds through the Reserve Bank of India. These are sold in all the Post Offices in the St6ate of Tamil Nadu until 3rd December.
A gram of gold costs Rs. 4791/-.
A single person can buy up to 4 kgs of gold in 0ne3 financial year.
2.5% interest will be paid to the investor in the respective bank accounts every six months.
At the end of the 5th year after investment, the invested money can be retrieved, At the end of the maturity period of the 8th year, an amount equivalent to the prevailing gold price on that date will be given!
Note that PAN card is MANDATORY to apply for investment in Gold Bond.
The Postal Department has announced the procedure for the investment i9n Gold Bond:
Fill up the relevant application form and attach the following:
- A photo-copy of one of Aadhar card, Voter ID, or the passport
- A copy of the 1st page of the bank account passbook
Submit at the Post Office received the Gold Bond!