1.The Gold Monetisation Scheme provides an opportunity to earn interest on the gold lying idle in lockers or homes.
2.Gold Can be in any form, including bars, coins or jewellery.
3.The Minimum quantity of gold that can be deposited is 10 gram to encourage small deposits. There is no limit on maximum amount.
4.There are three schemes—Short Term Government Deposit, Medium Term Government Deposit and Long Term Government Deposit—with different tenures and rates of interest.
5.The Interest is available annually or cumulatively in Indian rupees.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
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