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Home News News and Press Release Month 5 2016 2016 (5) This

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Gold Monetization Scheme: Deposits by Temple/Religious Bodies
7-5-2016
  • Contents

Eight (08) temples have deposited gold under Gold Monetization Scheme, 2015 so far and the State-wise details are as under:

Name of the State

Number of temples deposited gold under GMS

Tamil Nadu

04

Maharashtra

02

Andhra Pradesh

01

Jammu and Kashmir

01

The Government does not intend to make it mandatory for temples to deposit in the scheme at any point of time in the future. Government have allowed redemption of long term and medium term deposits in the form of gold land the guidelines to this effect has been issued by RBI on 31st March, 2016.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha.
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