Monday 27 February 2017

Facts of Gold Monetization Scheme:

- Gold bonds will be issued in denominations of 5, 10, 50, 100 grams of gold. The cap per person per year has been set at 500 grams.
- The deposits can be short term (1-3 years)medium term (5-7 years) and long term (12-15 years).
- The income will exempted from the Capital Gains tax, income tax.
- Like FD, you can break lock-in period and interest will be paid accordingly.

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