Gold Deposit Scheme

Cashless claim denied? Bank on credit card, pledge gold or fixed deposit

Keep some emergency cash at home and ensure your credit card limits are adequate

Family can pull out of gold scheme in case depositor dies, says RBI

Investor's heirs need not wait any more for lock-in period to expire

Gold is old

In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit

Problems of gold deposit schemes

Banks, ETFs, and jewellers can get into some arrangement, but regulation can hobble the process

Plan for gold spot exchange picks up pace; govt approval awaited

The exchange is envisaged as connecting all stakeholders - jewellers, bullion dealers, gold refineries and consumers

Jewellers want post offices to introduce systematic gold deposit collection

IBJA has urged the govt to maintain the current limit level of Rs 200,000 for cash transaction as per mandatory PAN limit