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Gold deposit certificate (Gold monetisation scheme 2015)
it is sold at current market price of gold,?
Replies (2)
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.
ok thanks.
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