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PM Gold Monetization Scheme Form PDF Download : PM Gold Monetization Scheme has been launched by the Central Government which is a modification of the Gold Deposit Scheme (GDS) and Gold Metal Loan Scheme (GML). This is a very beneficial scheme for gold owners as it will convert their gold into a productive asset. Under PM Gold Monetization Scheme, the owner of gold can deposit his gold in the bank and get interest on it. The purity of the gold will be assessed by the bank and a receipt will be provided to the gold owner after depositing the gold.
PM Gold Monetization Scheme Form Download In Hindi
Pradhan Mantri Gold Monetization Scheme will convert your gold into productive asset in our country India. This scheme is a modification of GDS and GML. This new Gold Monetization Scheme will replace the existing GDS. Gold owners simply need to open their gold savings and hand over their gold to the centres, which assess the purity of the gold and give a receipt to the gold owner.
By testing the centres, banks will be informed about the actual value of your gold. The value of your gold will be credited to your gold savings account by the bank. Banks collect the gold deposited by gold owners and send it to refineries. The gold will be melted and turned into gold bricks.
The bank can use this gold to give loans to jewellers, who will pay interest to the banks. It is like an investment account for the gold owner and has a maturity period. Once this period is completed, the bank will return the gold to the gold owner with fixed interest. Interest will also be paid in gold. Pradhan Mantri Gold Monetization Scheme can be very beneficial for gold owners.
PM Gold Monetization Scheme Form PDF Download
Under the Prime Minister Gold Monetization Scheme, customers can keep their gold in their bank locker on three conditions. In which short term will be 1-3 years, medium term will be 5-7 years, long term term will be 12-15 years. Due to which the Central Government will be able to lure such people with black money hidden in the country. Under this scheme, it will also help in detecting people with black money to a great extent.
People who have hidden their illegal money in the form of gold. Any citizen of the country can apply under this scheme. For which you will have to get the application form of Pradhan Mantri Gold Monetization Scheme. In this article, you have been given information related to how to download the PM Gold Monetization Scheme Form PDF and how to fill the Prime Minister Gold Monetization Scheme Form.
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PM Gold Monetization Scheme Form PDF In Hindi
The bank will tell you the actual value of the gold you have deposited and based on the actual value of your gold, it will be credited to your gold saving account. Under the Gold Saving Scheme, the customer can keep gold in the designated bank under three conditions i.e. short term 1-3 years, medium term 5-7 years, long term 12-15 years. You have to open an account by submitting the required documents along with the application form to your bank. After this you can avail the benefits of the scheme by depositing the gold in your bank locker.
PM Gold Monetization Scheme Form PDF Download
| Post Name | Pm Gold Monetization Scheme Form PDF |
| State | All-Over-India |
| Under Scheme | Gold Deposit Scheme – GDS / Gold Metal Loan Scheme – GML |
| Beneficiary | Citizens Possession Gold In The Country |
| Benefit / Purpose | To Provide Loan & Interest On Gold |
| Language | English |
| Official Website | https://www.rbi.org.in/ |
| PDF Form Download | Download PDF |
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Eligibility for PM Gold Monetization Scheme Form PDF
To avail the benefits of this scheme, it is mandatory for you to be eligible for the Prime Minister Gold Monetization Scheme for which the Central Government has prescribed the following eligibility which are as follows.
- Under the scheme, native citizens of the country can invest.
- In Gold Monetization Scheme, you can deposit minimum 30 grams of gold in the form of jewellery, coin or bar.
- There is no limit on gold investment under the Pradhan Mantri Gold Monetization Scheme.
- In this you are allowed to withdraw gold before the time period, but for this you will have to pay a penalty.
- All commercial banks will be able to implement this scheme.
- In this you will get 2.5% interest every year which is more than the previous gold investment schemes.
How To Fill PM Gold Monetization Scheme Form PDF
You will first have to download the PM Gold Monetization Scheme Form from the link given above and fill all the necessary information in it, then open an account by submitting the necessary documents along with the application form to your bank. After this you can avail the benefits of the scheme by depositing the gold in your bank locker. The bank will give interest on gold to the person according to the purity of the gold.
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How to apply for PM Gold Monetization Scheme Online?
If you want to apply to avail the benefits of this scheme, then you will have to download the application form of Pradhan Mantri Gold Monetization Scheme, fill all the information asked in it and deposit it in your bank. After this you can avail the benefits of this scheme by depositing your gold in your bank locker.