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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 cus .....

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its. However, there will be penalty in the form of lower rate of interest for premature withdrawals depending upon the actual period for which the deposit has run. In the case of large tenders of gold, gold can be deposited directly with refiners whe .....

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