The SBI Gold Deposit Scheme is similar to the Gold Monetisation Scheme . Here are the salient features -
1. Minimum Quantity of Gold - 500 grams.
2. Tenure - 3 years, 4 years and 5 years.
3. Rate of interest - 0.75% for 3 years
1.0% for 4 and 5 years.
4. Other terms - Gold will be melted at India Govt Mint. Gold Deposit Certificate will be issued in 90 days.
5. Loan facility - Loan for upto 75% of gold value can be availed.