05.11.2015 - India to launch Gold Related Schemes Today
First ever National Gold Coin minted in India with National Emblem of Ashok Chakra engraved to be released among others on the occasion. The Prime Minister Shri Narendra Modi will launch the three Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme and the Gold Coin and Bullion Scheme on Thursday, 5th November, 2015 in the national capital. The salient features of each of the aforesaid scheme are as follows: Gold Monetisation Scheme (GMS), 2015. The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors prematurely withdraw them...............................................Full Article: Source
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