Reserve Bank of India

03.11.2015

Banking

Minimum Deposit to be 30 grams of Raw Gold in Gold Monetisation Scheme

MANU/RPRL/0191/2015

The Reserve Bank of India has modified the minimum amount of gold that can be deposited under the Gold Monetisation Scheme. Under the modified provision, the minimum deposit at any one time shall be 30 grams of raw gold. The Central Government has further fixed the rate of interest on Medium and Long Term Government Deposit at 2.25 per cent and 2.50 per cent per annum, respectively.

Relevant

Gold Monetisation Scheme, 2015- Interest Rate MANU/RMIC/0372/2015
Gold Monetisation Scheme, 2015 MANU/RMIC/0370/2015

Tags : Gold monetisation minimum deposit

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