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FAQs |
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If you have any queries that are not answered here, please call us or
write to us.
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Is HDFC Bank venturing into gold/bullion market?
Yes, HDFC Bank has RBI approval to retail gold/bullion to its customers.
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What form is Gold being sold in?
"Mudra" - Pure Gold will be sold in the form of rectangular bars.
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In what weight are the gold bars available?
Currently "Mudra" - Pure Gold bars will be available in 5 gm weight.
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How will HDFC Bank sell the gold?
Initially, HDFC Bank will sell the gold through its branches.
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What is the purity factor of gold?
HDFC Bank - Mudra Pure Gold will be of 24 Karat, 99.99% purity gold.
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What is the authenticity proof?
The gold bar is packed in tamper - proof certicard packs that are see through at the manufacturing stage itself to prevent any damage / theft during transit. Moreover, the gold bars come sold by the Bank come with a "Assay Certification" indicating the highest quality of gold at 99.99% purity as per international standards.
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Who can buy the gold?
Both, HDFC Bank Customers and non-HDFC Bank customers are eligible to buy gold. However, HDFC Bank customers can issue a cheque from their savings account or provide a debit mandate towards purchase of gold.
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What is the price that the gold will be sold at?
The price will depend upon the market rate of gold.
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Will HDFC Bank buy back the gold sold by them?
HDFC Bank does not buy the gold sold by them. You can sell it to any jeweller.
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How can I buy gold through a Branch?
You can buy gold through an HDFC Bank branch by following these simple steps:
* Visit the HDFC Bank Branch & fill the Gold Bar Application Form.
* Mention the weight & quantity of the gold bars required in numbers & words & the mode of payment.
* Submit the gold bar application form along with the cash / debit instructions / cheque form your savings / current account at the teller counter.
The Teller will accept & process your requirement and deliver the gold bar along with the Invoice to you.
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Can I make a payment by issuing a third party cheque in favour of HDFC Bank Ltd?
No. Currently this facility of paying through a third party cheque is not available.
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