Gold Monetisation Scheme
Meaning
To mobilise gold
1. held by households and institutions of the country
2. To facilitate its use for productive purposes,
3. To reduce country’s reliance on the import of gold.
Two different gold deposit schemes:
1. Short Term Bank Deposit (STBD): 1-3 years
2. Medium and Long Term Government Deposit (MLTGD): 5- 7 years
Opening of gold deposit accounts: with the designated banks
read more at www.companyregistrationagra.com
Meaning
To mobilise gold
1. held by households and institutions of the country
2. To facilitate its use for productive purposes,
3. To reduce country’s reliance on the import of gold.
Two different gold deposit schemes:
1. Short Term Bank Deposit (STBD): 1-3 years
2. Medium and Long Term Government Deposit (MLTGD): 5- 7 years
Opening of gold deposit accounts: with the designated banks
read more at www.companyregistrationagra.com
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