COIMBATORE,
November 19, 2015
Post offices in the western region are looking at
collecting deposits for 400 gm gold-equivalent under the sovereign gold
bond scheme.
Postmaster General, western region, Manju P. Pillai told
The Hindu
on Wednesday that under the scheme, investors deposit the amount in the
bond instead of buying gold. The post offices in the western region have
received application for buying nearly 200 gm gold-equivalent under the
scheme. Applications will be received at all the sub post offices till
November 20 and will be processed at the head post offices.
Investors
will have to pay Rs. 2,684 for a gram of gold and the bonds are
available in denominations of two gram, five gram and 10 gram. They will
get 2.75 per cent interest per annum, payable half-yearly, she said.
The
postal department personnel are creating awareness on the scheme by
visiting colleges, government offices and private temples. Some
divisions are also distributing pamphlets, explaining the details of the
scheme.
The response had been good after Deepavali
in place such as Pollachi where women are coming forward to buy the
bonds for smaller denominations. “The bonds are a safer option compared
to keeping gold at home,” she said.
Investors have to
take just an identity proof to the nearest sub-post office to invest in
the bond. For details of the scheme, those interested can contact:
0422-2558214, 9443549611 or 9994240540.
Source : http://www.thehindu.com
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