Interest rate, tenure and other details

The State Financial institution of India (SBI) provides Revamped Gold Deposit Scheme (R-GDS), a hard and fast deposit scheme in gold.  In line with SBI, Revamped Gold Deposit Scheme (R- GDS) is within the nature of a hard and fast deposit in gold. The shoppers can deposit their idle gold below R- GDS which is able to present them security, curiosity earnings and much more.

Right here is all it’s essential to find out about SBI’s Revamped Gold Deposit Scheme (R-GDS):


Resident Indians of classes reminiscent of people, proprietorship and partnership corporations, HUFs (Hindu Undivided Household), mutual funds/exchange-traded funds registered below Sebi (Securities and Change Board of India) and corporations, charitable establishments or some other entity owned by Central Authorities or State Authorities are eligible to put money into SBI’s scheme.


One must deposit a minimal of 10 grams of uncooked gold (bars, cash, jewelry, excluding stones and different metals. Nonetheless, there isn’t any higher restrict for deposits.

Sort of deposits

SBI Revamped Gold Deposit Scheme (R-GDS) provides three kinds of deposits

Quick Time period Financial institution Deposit (STBD): Tenure 1 to three years.

Medium Time period Authorities Deposit (MTGD): Tenure: 5-7 years.

Lengthy Time period Authorities Deposit (LTGD): Tenure 12-15 years.Fee

Fee of curiosity

The present rates of interest are as below 

Fee of Curiosity (STBD)

For 1 12 months : 0.50% p.a.

Above 1 12 months as much as 2 years : 0.55% p.a.

Above 2 years as much as 3 years : 0.60% p.a.

Fee of curiosity on MTGD: 2.25% p.a.

Fee of curiosity on LTGD: 2.50% p.a.


STBD: Choice to take compensation of principal both in gold or equal rupees as on the date of maturity.

MTGD & LTGD: Redemption of the deposit might be in Gold or Rupees equal to the worth of gold as per the prevailing value of gold. Nonetheless, 0.20% administrative prices might be levied in case of redemption in Gold.

Untimely cost

STBD: Allowed after a lock-in interval of 1 12 months with a penalty on the relevant rate of interest.

MTGD: Allowed to withdraw any time after 3 years with a penalty on curiosity

LTGD: Allowed to withdraw any time after 5 years with a penalty on curiosity




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