Gold Bonds get lukewarm response in Maharashtra
Mumbai – Finance Department’s ‘Gold Bond’ has received a lukewarm response in the State including Mumbai though people prefer purchasing gold during Diwali celebrations. Only 150 people from the state have filled up their forms under this scheme. These Gold Bonds are available at postal headquarters across the state. One can buy 1 gm to 500 gm in a financial year. One gram gold bond costs Rs 2,957 which will attract an annual interest of 2.5%. The minimum tenure is of 5 years. The biggest benefit of this bond is that one may get the prevalent gold rate when it completes a certain minimum period.