Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/content/72/8809272/html/engagementringsalpharetta/index.php:2) in /home/content/72/8809272/html/engagementringsalpharetta/wp-content/plugins/youtube-simplegallery/youtube_simplegallery.php on line 137

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/content/72/8809272/html/engagementringsalpharetta/index.php:2) in /home/content/72/8809272/html/engagementringsalpharetta/wp-content/plugins/youtube-simplegallery/youtube_simplegallery.php on line 137
Government to pay banks commission in Gold Monetization Scheme: RBI | Engagement Rings | Diamond Rings | Wedding Rings | Alpharetta, GA

Government to pay banks commission in Gold Monetization Scheme: RBI

daa18 sizedownsmall Government to pay banks commission in Gold Monetization Scheme: RBIdaa18 sizeupsmall Government to pay banks commission in Gold Monetization Scheme: RBI
 Government to pay banks commission in Gold Monetization Scheme: RBIModifying the Gold Monetization Scheme, the Reserve Bank of India introduced a few changes to it, as per reports. The amendments are meant for depositors and banks.

Depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period of three years in the case of medium term deposits and after five years in the case of long term deposits. However, as the RBI announced, there would be a ‘penalty in the form of lower rate of interest.

Also, participating banks would be paid by the government, a total commission of 2.5 percent (1.5 percent handling charges and 1 percent commission) in the first year. The RBI also noted that the scheme would be up for regular reviews.

In the case of large tenders of gold, gold can be deposited directly with refiners wherever they have the assaying capacity. This is in order to reduce the time lag between the time the raw gold is deposited and it starts bearing interest.



69237 facebookrnd Government to pay banks commission in Gold Monetization Scheme: RBI


69237 twitterrnd Government to pay banks commission in Gold Monetization Scheme: RBI


327ef linkedin Government to pay banks commission in Gold Monetization Scheme: RBI


327ef rssrnd Government to pay banks commission in Gold Monetization Scheme: RBI


327ef emailrnd Government to pay banks commission in Gold Monetization Scheme: RBI


72022 printrnd Government to pay banks commission in Gold Monetization Scheme: RBI



72022 pinterest Government to pay banks commission in Gold Monetization Scheme: RBI


72022 googleplus Government to pay banks commission in Gold Monetization Scheme: RBI









94c47 rss icon Government to pay banks commission in Gold Monetization Scheme: RBI

59bec emailcms Government to pay banks commission in Gold Monetization Scheme: RBI
59bec print2 Government to pay banks commission in Gold Monetization Scheme: RBI


94c47 rss icon Government to pay banks commission in Gold Monetization Scheme: RBI

59bec emailcms Government to pay banks commission in Gold Monetization Scheme: RBI
59bec print2 Government to pay banks commission in Gold Monetization Scheme: RBI

31555 closepopup Government to pay banks commission in Gold Monetization Scheme: RBI

31555 logo320 Government to pay banks commission in Gold Monetization Scheme: RBI

31555 closebuttonsmall Government to pay banks commission in Gold Monetization Scheme: RBI

Comments are closed.