Page 2 - Gold Monetisation Scheme

Tirumala temple explores gold schemes with high interest rates

The temple recently deposited 1,311 kg pure gold bars with Punjab National bank under new Gold Monetisation Scheme

Why is the gold monetisation scheme not taking off?

Banks still lukewarm; changes needed in norms for jewellers and refinery margins, among others

Akshay Tritiya: Have your cake and eat it too

Look at gold bonds or gold monetisation scheme instead of buying physical gold

RBI decision clears hurdle for temples

Many say their worry on not being able to opt for redemption under medium- or long-term tenures now met

Major relaxation in GMS as govt allows long term deposits to be redeemed in gold at maturity

This was a major demand from temple boards

Govt likely to again change GMS rules

According to data given by the ministry, 3 tons of gold has been mobilized under the scheme so far.

Government calls meet to review gold monetisation scheme

Scheme has received a lukewarm response since its launch in Nov last year