Govt. Discontinues Medium & Long-Term Gold Deposits Under Gold Monetization Scheme From 26-03-2025
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- Last Updated on 27 March, 2025
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Circular No. RBI/2024-25/132 DoR.AUT.REC.71/23.67.001/2024-25, Dated: 25-03-2025
The Government of India, via press release ID 2115009 on March 25, 2025, announced the discontinuation of the Medium and Long-Term Government Deposit (MLTGD) components under the Gold Monetization Scheme (GMS) from March 26, 2025. Gold deposits for MLTGD will not be accepted after March 25, 2025. However, banks may continue offering Short-Term Bank Deposits (STBD) at their discretion. Existing MLTGD deposits will remain valid until redemption as per the guidelines.
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