Tag Archives: Gold Monetisation Scheme

Gold Monetisation Scheme – RBI Guidelines to bring uniformity in reporting

By | March 6, 2017

Gold Monetisation Scheme RBI/2016-17/243 DGBA.GAD.No.2294/15.04.001/2016-17 March 6, 2017 All Agency Banks Dear Sir/Madam Gold Monetisation Scheme Please refer to RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to January 21, 2016) on the above subject. In order to operationalise the scheme, we advise the following: 2. In order to have uniformity in reporting,… Read More »

Gold Monetisation Scheme made more attractive by Govt

By | April 1, 2016

Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors. 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 has been further modified on 31st March, 2016. Now, for the… Read More »

Govt notify Gold Monetisation Scheme -2015

By | February 5, 2016

THE GAZETTE OF INDIA EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd February, 2016 F. No. 20/6/2015-FT(Pt.-7).—The Central Government, with a view to provide different options to the people to monetize the privately held stock of the gold, hereby notifies the   ‘ Gold Monetisation Scheme-2015 ’… Read More »

Govt made Modifications in Gold Monetisation Scheme

By | January 24, 2016

Modifications in the Gold Monetisation Scheme Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of suggestions have been received to make the scheme easier for the customers to participate. Accordingly, in consultation with Government, RBI has issued a Master Direction on GMS on 21st January, 2016, which amends… Read More »

RBI Amended circular on Gold Monetisation Scheme 2015

By | January 21, 2016

Source : Reserve Bank of India RBI/2015-16/300 DBR.IBD.BC.74/23.67.001/2015-16 January 21, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation Scheme, 2015) Master Direction No.DBR.IBD.No.45/ 23.67.003/… Read More »

Gold Monetisation Scheme 2015 issued by RBI

By | November 4, 2015

(Updated as on November 03, 2015) RBI/2015-16/211 Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 October 22, 2015 Gold Monetisation Scheme, 2015 In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section 35 A of the Banking Regulation Act, 1949 and in pursuance of the Central Government notification issued vide Office Memorandum F.No.20/6/2015-FT dated September… Read More »

Minimum 30 gram Gold and No Maximum limit for Deposit of Gold under Gold Monetisation Scheme

By | November 4, 2015

Gold Monetisation Scheme, 2015 – Amendment RBI/2015-16/224 DBR.IBD.BC.52/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015 – Amendment In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation… Read More »

RBI notified Interest rate on Gold Monetisation Scheme

By | November 4, 2015

Gold Monetisation Scheme, 2015 – Interest Rate RBI/2015-16/223 DBR.IBD.BC.53/23.67.003/2015-16 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… Read More »

RBI Master Direction on Gold Monetisation Scheme 2015

By | October 23, 2015

RBI/2015-16/211 Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 October 22, 2015 Gold Monetisation Scheme, 2015 In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section 35 A of the Banking Regulation Act, 1949 and in pursuance of the Central Government notification issued vide Office Memorandum F.No.20/6/2015-FT dated September 15, 2015 regarding “ Gold Monetisation… Read More »

RBI issued Gold Monetisation Scheme norms

By | October 23, 2015

The Reserve Bank of India today issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation Scheme, 2015 notified by the Central Government. The Scheme The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed… Read More »