Gold deposit certificate (Gold monetisation scheme 2015)
DHRUV PATEL (5 Points)
31 July 2019
it is sold at current market price of gold,?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176818 Points)
Replied 01 August 2019
Under the scheme ... The redemption of the deposit will be either in gold or rupees equivalent of the value of gold as per then prevailing price of gold. However, 0.20% administrative charges will be levied in the case of redemption in gold.
It is at Banks' discretion whether to sell or keep it in safe custody.
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