Scheme Details

  • Deposit Quantity:
    • Minimum: At any one time shall be 10 grams of raw gold (bars, coins, jewellery excluding stones and other metals)
    • Maximum: No Limit
  • Purity: 995 fineness
  • Schemes:
    • Medium Term Government Deposit (MTGD)
    • Long Term Government Deposit (LTGD
  • Medium Term Government Deposit (MTGD):
    • Period of 5 - 7 years
    • ROI: 2.25% p.a.
    • Lock in Period - 3 years
  • Long Term Government Deposit (LTGD):
    • Period of 12 - 15 years
    • ROI: 2.50% p.a.
    • Lock in Period: 5 years
  • Interest is denominated in INR & paid on the value of gold prevailing on the date of creation of deposit
  • Deposits are accepted by banks on behalf of the Central Government and deposit receipt & certificates indicated on behalf of the Central Government.
  • Whole or part premature withdrawal allowed subject to such minimum lock-in period and penalties (The redemption of principal at maturity shall, at the option of the depositor, be either in Indian Rupee equivalent of the value of deposited gold at the time of redemption, or in gold.  However, any pre-mature redemption of MLTGD shall be only in INR)