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RBI makes its Master Direction on Gold Monetization Scheme more customer-friendly

News and Press Release - Dated:- 22-1-2016 - The Reserve Bank of India has made a few amendments to its Master Direction on Gold Monetization Scheme. The modifications have been made in consultation with Central Government to make the Scheme more customer-friendly. The depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period of three years in the case of medium term deposits and after five years in the case of long term depos .....

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