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Gold investment scheme: Till now, gold was considered only a safe investment, which people used to rest assured by keeping it in jewelery or locker. Generally gold is a non-yielding asset It is believed that this means that there is no regular income from it. But now the time has changed and the same gold can also become your source of income.

Through a special scheme of the government, the gold kept at home can give you good returns every year without selling it or mortgaging it. Now gradually common people have also started taking advantage of this scheme.

What is this special scheme (Gold investment scheme)

Name of this scheme Gold Monetization Scheme Is.
Its objective is to make the gold lying in people’s homes economically useful. Under this scheme, you can deposit your gold in the bank and earn interest on it.

gold deposit process

Before gold can be deposited it must be recognized by the government. Collection and Purity Testing Center Is taken to. Here the purity of gold is checked in front of you. After the investigation is completed, the weight is decided and the gold is melted with your consent. After this, the bank opens a gold account in your name, in which complete details of the deposited gold are recorded.

How much return will you get?

On gold under Gold Monetization Scheme 6 to 7 percent annual interest The interest rate depends on the tenure of the deposit and the terms of the scheme.
The special thing is that you can get interest both in the form of gold or in rupees.

What will you get on maturity

After completion of the scheme, the investor has two options. First, he can withdraw the same amount of gold. Second, he can receive the cash amount as per the current market price of gold. In this way, the investor also gets the benefit of the increase in the price of gold.

tax benefits

Tax benefits are also available in this scheme.
Generally, there is no capital gains tax on the interest and maturity amount received in this, which makes the investment more profitable.

For whom is it beneficial?

This scheme is especially beneficial for those people,
Those who have old or useless jewellery, gold coins or bars kept at home. Without risk and without taking loan, this scheme gives a safe option of earning from gold.

If gold is kept in your cupboard or locker in your house, then now is the right time to put it to use.
Through Gold Monetization Scheme, you can earn good income every year by keeping your gold safe. This scheme makes gold not just a jewel but a smart investment.