AP HP Criticized Authorities and Ordered Removal of an Ex-Serviceman’s Land From the Prohibited List || Kerala High Court Upheld the Conviction of a Madrasa Teacher in a Child Sexual Assault Case || Gauhati High Court: Pending Criminal Case Cannot Indefinitely Delay an MBBS Pass Certificate || SC Took Suo Motu Action and Directed Odisha to Aid a Visually Impaired Man and His Mother || Whether a Life-Threatening Rescue by Cop Can be Treated as Routine Duty, Madhya Pradesh HC Clarifies || Madhya Pradesh HC: Officer Cannot Oversee Department Conducting Disciplinary Proceedings Against Him || Madras High Court: POCSO Act Does Not Exempt Romantic Relationships Involving Minors || SC Upholds Haryana Rule Delaying Aid to Kin Accused of Murdering Government Employees || Supreme Court: Lokayukta Special Police is Not Exempt From RTI as an Intelligence Body || Supreme Court: Curable Irregularity in Appointments Cannot Nullify Entire Recruitment Process

Minimum Deposit to be 30 grams of Raw Gold in Gold Monetisation Scheme- (Reserve Bank of India) (03 Nov 2015)

MANU/RPRL/0191/2015

Banking

The Reserve Bank of India has modified the minimum amount of gold that can be deposited under the Gold Monetisation Scheme. Under the modified provision, the minimum deposit at any one time shall be 30 grams of raw gold. The Central Government has further fixed the rate of interest on Medium and Long Term Government Deposit at 2.25 per cent and 2.50 per cent per annum, respectively.

Relevant : Gold Monetisation Scheme, 2015- Interest Rate MANU/RMIC/0372/2015 Gold Monetisation Scheme, 2015 MANU/RMIC/0370/2015

Tags : GOLD MONETISATION MINIMUM DEPOSIT

Share :