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Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors

News and Press Release - Dated:- 1-4-2016 - Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of modifications have been made in the scheme to facilitate monetization of gold by people. The scheme h .....

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he value of deposited gold at the time of redemption or in gold. Where the redemption of the deposit is in gold, an administrative charge at a rate of 0.2% of the notional redemption amount in terms of INR shall be collected from the depositor. Howev .....

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