RBI notified Interest rate on Gold Monetisation Scheme

By | November 4, 2015
(Last Updated On: November 4, 2015)

Gold Monetisation Scheme, 2015 – Interest Rate


November 3, 2015

All Scheduled Commercial Banks (excluding RRBs)

Dear Sir/Madam,

Gold Monetisation Scheme, 2015- Interest Rate

Please refer to the Reserve Bank of India Master Direction No.DBR.IBD.No.45/ 23.67.003/ 2015-16 dated October 22, 2015 on Gold Monetisation Scheme (GMS), 2015.

2. In this connection, it is notified in terms of Section 2.2.2 (iv) of the above Master Direction that the Central Government has fixed the rate of interest on Medium and Long Term Government Deposit (MLTGD) under the GMS as follows:

i. On medium term deposit – 2.25% p.a.
ii. On long term deposit – 2.50% p.a.

3. A copy of the list of the Collection and Purity Testing Centres (CPTCs) and the Refiners participating in the GMS, as notified by the Government of India, is given in Annex.

Rajinder Kumar
Chief General Manager

Encls: As above

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