Gold deposit and bond schemes: Key facts you should know

Last Updated: Wednesday, September 9, 2015, 16:04

Highlights of the two gold schemes approved at a Cabinet meeting chaired by Prime Minister Narendra Modi.

Govt mulls raising Rs 15,000 cr through gold bond scheme

Last Updated: Tuesday, July 7, 2015, 17:41

Government is looking at raising Rs 15,000 crore in the current fiscal through the gold bond scheme, for which a cabinet note is likely to be moved for consideration later in the month.

'Gold sovereign bonds to address import issues'

Last Updated: Friday, June 19, 2015, 19:12

Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra).

Good interest rate must for success of gold scheme: Nomura

Last Updated: Friday, May 22, 2015, 18:59

At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, May 20, 2015, 14:32

The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.

RBI holds 557.75 tonne gold; 20K tonne held by public: Govt

Last Updated: Tuesday, May 5, 2015, 21:01

The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.

RBI holds 557.75 tonne gold; 20k tonne held by public: Govt

Last Updated: Tuesday, May 5, 2015, 16:34

The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.

Gold deposit scheme can fetch Rs 1 trillion: SBI Research

Last Updated: Sunday, March 1, 2015, 19:49

Describing the proposed gold deposit scheme as "game changer", the SBI's economic research department has said it will help attract at least Rs 1 trillion in deposits on the precious metal.

India's top bullion bank to work with jewellers to tease out gold hoards

Last Updated: Saturday, October 12, 2013, 10:31

Bank of Nova Scotia is in talks with trade group the Gems and Jewellery Trade Federation (GJF) and the Reserve Bank of India (RBI) to finalise details.

RBI tweaks gold deposit scheme to make it more attractive

Last Updated: Thursday, February 14, 2013, 19:24

Rising gold imports have been a major concern for the government as it contributes substantially to the widening Current Account Deficit (CAD).

White Paper against tax immunity schemes

Last Updated: Monday, May 21, 2012, 21:47

Under the gold deposit scheme, which is being talked about in some quarters, the depositors parting with gold will get back the precious metal along with a nominal rate of interest.