Gold monetisation scheme 2023: How to apply? Benefits, eligibility, other details here
Gold Monetization Scheme. 2015.
-Hindu Undivided Family (HUF) -Companies -Charitable institutions -Proprietorship and Partnership firms -Trusts, including Mutual Funds/Exchange Traded Funds registered under SEBI (Mutual Fund) Regulations, -Central Government -State Government -Other entities owned by the Central or State Government 1)Short Term Bank Deposit (STBD) 1-3 years As determined by banks 2)Medium Term Government Deposit (MTGD) 5-7 years 3 years 2.25% p.a. 3) Long Term Government Deposit (LTGD) 12-15 years 5 years 2.50% p.a.
-Investors earn interest on their idle gold -The scheme would benefit the country by reducing its gold imports. -It offers flexibility to your investment or gold as and when you need it.
-Investors can start their investment with as low as 10 grams of gold. Milestone Alert!
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