{"id":1292580,"date":"2025-03-26T14:37:43","date_gmt":"2025-03-26T09:07:43","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1292580"},"modified":"2025-03-26T14:38:19","modified_gmt":"2025-03-26T09:08:19","slug":"govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/","title":{"rendered":"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue"},"content":{"rendered":"\n

The Union Finance Ministry has announced the discontinuation of the medium and long-term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS) from March 26, 2025. This move follows a detailed review of the scheme\u2019s performance and changing market conditions.<\/p>\n\n\n\n

\"Govt<\/figure>\n\n\n\n

Background of the Gold Monetisation Scheme<\/h3>\n\n\n\n

Launched on September 15, 2015, the Gold Monetisation Scheme was introduced<\/a> to reduce India’s reliance on gold imports and encourage households and institutions to put their gold holdings to productive use. The scheme initially comprised three components:<\/p>\n\n\n\n

    \n
  1. Short-Term Bank Deposits (STBD)<\/strong>: Ranging from 1 to 3 years<\/li>\n\n\n\n
  2. Medium-Term Government Deposits (MTGD)<\/strong>: Lasting 5 to 7 years<\/li>\n\n\n\n
  3. Long-Term Government Deposits (LTGD)<\/strong>: With durations between 12 to 15 years<\/li>\n<\/ol>\n\n\n\n

    Impact of the Discontinuation<\/h3>\n\n\n\n

    Effective March 26, medium-term and long-term deposits will no longer be accepted at designated Collection and Purity Testing Centres (CPTCs), Gold Monetisation Scheme Collection & Testing Agents (GMCTAs), or bank branches. However, existing deposits under these categories will remain valid until maturity, following the Reserve Bank of India\u2019s (RBI) guidelines.<\/p>\n\n\n\n

    Continuation of Short-Term Deposits<\/h3>\n\n\n\n

    The short-term bank deposit (STBD) option will continue under the GMS. However, its availability will be subject to the commercial viability of individual banks. The RBI is expected to issue further detailed guidelines to clarify the revised terms and operational aspects of the scheme.<\/p>\n\n\n\n

    Government’s Strategic Shift<\/h3>\n\n\n\n

    This policy shift reflects the government’s efforts to streamline the Gold Monetisation Scheme to align with current financial market conditions. By focusing on short-term deposits, the government aims to provide greater flexibility and optimize the utilization of gold assets.<\/p>\n\n\n\n

    Conclusion<\/h3>\n\n\n\n

    While the medium and long-term components are discontinued, the continued availability of short-term deposits ensures that gold holders still have a viable investment option. Stakeholders are advised to stay updated on further announcements from the RBI regarding the implementation of these changes.<\/p>\n\n\n\n

    Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    The Union Finance Ministry has announced the discontinuation of the medium and long-term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS) from March 26, 2025. This move follows a detailed review of the scheme\u2019s performance and changing market conditions. Background of the Gold Monetisation Scheme Launched on September 15, 2015, the Gold Monetisation […]<\/p>\n","protected":false},"author":30,"featured_media":1292587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7389],"class_list":["post-1292580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gold-monetisation-scheme"],"acf":[],"yoast_head":"\nGovt Ends Gold Monetisation Scheme But Short Term Deposits To Continue - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The Union Finance Ministry has announced the discontinuation of the medium and long-term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS) from March 26, 2025. This move follows a detailed review of the scheme\u2019s performance and changing market conditions. Background of the Gold Monetisation Scheme Launched on September 15, 2015, the Gold Monetisation […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-26T09:07:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-26T09:08:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM-1024x691.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"691\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/\",\"url\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/\",\"name\":\"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png\",\"datePublished\":\"2025-03-26T09:07:43+00:00\",\"dateModified\":\"2025-03-26T09:08:19+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png\",\"width\":1432,\"height\":966},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\",\"name\":\"Mohul Ghosh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"caption\":\"Mohul Ghosh\"},\"url\":\"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/","og_locale":"en_US","og_type":"article","og_title":"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"The Union Finance Ministry has announced the discontinuation of the medium and long-term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS) from March 26, 2025. This move follows a detailed review of the scheme\u2019s performance and changing market conditions. Background of the Gold Monetisation Scheme Launched on September 15, 2015, the Gold Monetisation […]","og_url":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2025-03-26T09:07:43+00:00","article_modified_time":"2025-03-26T09:08:19+00:00","og_image":[{"width":1024,"height":691,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM-1024x691.png","type":"image\/png"}],"author":"Mohul Ghosh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mohul Ghosh","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/","url":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/","name":"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png","datePublished":"2025-03-26T09:07:43+00:00","dateModified":"2025-03-26T09:08:19+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png","width":1432,"height":966},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/govt-ends-gold-monetisation-scheme-but-short-term-deposits-to-continue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"Govt Ends Gold Monetisation Scheme But Short Term Deposits To Continue"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7","name":"Mohul Ghosh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","caption":"Mohul Ghosh"},"url":"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-at-2.36.16\u202fPM.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1292580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1292580"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1292580\/revisions"}],"predecessor-version":[{"id":1292588,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1292580\/revisions\/1292588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1292587"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1292580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1292580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1292580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}