The Trichy Head Post Office in Tamil Nadu is set to distribute bonds under the Sovereign Gold Bond (SGB) scheme to individuals between June 19 to 23. These bonds can also be purchased by investors in designated post offices. The SGB scheme entails multiple bonds denominated in grams, with the basic unit being one gram. The minimum investment subscribers can make is one gram and the maximum cap is 4 kg. The maturity period of the SGB bonds is eight years, though account closure is permitted after five years. The cost per gram has been fixed at Rs 5,926 following the guidelines of the Reserve Bank of India. Investors interested in buying bonds at the post office should bring along originals and photocopies of PAN and Aadhaar cards as well as a bank passbook with an IFSC code. The recent bond issue will be the second one made through the post office this year, with the next scheduled for September 2023.
Trichy Head Post Office to Issue Sovereign Gold Bond Scheme to Customers
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