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Gold Deposit Scheme (GDS) Salient Features Include-All Designated Banks can Operate GDS as per Guidelines Issued by RBI; Banks Issue a Passbook/Certificate to Depositor; Resident Indians Can Invest etc.

Dated:- 24-7-2015 - The Central Government, with a view to bring privately held stock of gold in circulation, to reduce the country s reliance on import of gold and to provide its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified the Gold Deposit Scheme (GDS) on September 15, 1999. Some of the salient features of the scheme inter-alia include the following: All designated banks may operate GDS as per the .....

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