The SBI is postponed for a gold deposit deposit: State Bank of India offers interest in your gold, providing safety and returns to pay for the lock.
People often store their gold and jewelry in the bank of the elder safety and pay money. But if you have an account with SBI, there is a way to keep your gold safe without paying money. In fact, you can even find it. This is possible with a SBI posted by a deposit of gold deposit (R-GDs), known as a gold deposit system. Here are all you need to know about it.
Gold deposit in three different ways
Under the submission of a gold analysis program (RG-GDs, customers may incorporate their gold in three phases.
1. Temporary Deposit Defores (STBD) – Gold can be entered 1 to 3 years under this section.
2. The Depository Deposit Time (MTGD) – This is a maximum of 5 to 7 years mature.
3. Long-term government deposit (LTGD) – Gold can be prepared for 12 to 15 years in this section.
How much Seed can you find?
Under a temporary bank deposit (STBD) Category, You can find 0.55 per Cent interest anniversary for 1 deposit. For a yearly or more years, the interest amount increases at 0.60 per cent annually.
For the public deposit of the middle time (MTGD)The effect of 5 to 7 years, the interest rate is 2.25 percent by percent a year.
By a Local Government Deposit (LTGD)Tenure of 12 to 15 years, interest rates are 2.50 percent a year.
It is important to note that EMTGD and LTGD, your primary amount will be considered in gold words. However, interest will be paid to Indian Rupees on March 31 or during maturity.
Two options to get gold in maturity
After the gold deposit time, customers have two options for their gold and interest. They can be:
1. Return the gold in its original state.
2. Find money equivalent to the current market value of gold.
The program was launched by Government in 2015 for the purpose of using non-homework-maintained gold and in centers, making it productive while allows customers to obtain interest from it.
