| February 5th, 2018 12:17 PM | |
| prince karak | Re: state bank of india gold deposit scheme State Bank Of India Revamped Gold Deposit Scheme is a fixed deposit for gold. Customers can use these deposits to store their gold safely and earn interest on it. The deposits are accepted by SBI on behalf of the Central Government. Features The minimum quantity for the deposit is 30 grams. There has been no maximum limit set. Short Term Bank Deposit (STBD) There is a short term bank deposit available between 1 year and 3 years. The deposit can be redeemed in cash or gold. Medium and Long Term Government Deposit (MLTGD) Medium term deposits are available for tenures between 5 years and 7 years. Long term deposits are available for tenures between 12 years to 15 years. The redemption of the deposit will be in the form of cash in INR that is equal to the value of the gold as per the prevailing rate on the maturity date. Gold bars, coins and jewellery will be accepted in the form of scrap. A Gold Deposit Certificate will be issued by the Nodal branch. Nomination is available. STDBs can be withdrawn prematurely after 1 year with a penalty. MTGD can be withdrawn prematurely after 3 years with a penalty. LTGD can be withdrawn prematurely after 5 years with a penalty. Eligibility Individuals can apply singly or jointly Proprietorship Companies Partnership firms HUFs Trusts including Exchange Traded Funds and Mutual Funds registered under SEBI (Mutual Fund) Documents Application Form Identification Proof Address Proof Inventory Form Interest Rate Deposit Tenure Interest Rate STBD 1 year 0.50% p.a. 2 years 0.55% p.a. 3 years 0.60% p.a. MLTGD 5-7 years 2.25% p.a. 12-15 years 2.50% p.a. |
| February 5th, 2018 12:16 PM | |
| Unregistered | Re: state bank of india gold deposit scheme Hi buddy here I have come to collect info related to State Bank Of India Revamped Gold Deposit Scheme , so would you plz let me know about the same here ?? |
| June 23rd, 2016 12:56 PM | |
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