Gold-linked deposits

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2 products

Product and bank⇅	Deposit type⇅ Filter Deposit type DDeposit account1 Matches any selected option	Eligibility⇅	Accepted gold⇅ Filter Accepted gold GGold ornaments1●Bank-issued gold coins1▰Gold bars / bullion1 Matches any selected option	Gold quantity⇅ Filter Gold quantity !Has conditions or limits1 Matches any selected option	Tenure⇅ Filter Tenure ◷Up to 1 year2	Interest rate⇅	Principal repayment⇅	Premature repayment⇅ Filter Premature repayment !Conditional rules1
Gold Monetization SchemeBank of Baroda	Value awaiting review	Resident individuals, HUFs, proprietorships, partnerships, SEBI-registered mutual funds/ETFs, trusts, companies, charitable institutions and Central/State Government entities joint deposits allowed. 102 BoB branches are authorised.	Value awaiting review	Value awaiting review	Legacy MTGD: 5–7 years with 3-year lock-in legacy LTGD: 12–15 years with 5-year lock-in. Government discontinued new MLTGD deposits from 26 March 2025 existing deposits continue to redemption, and STBD may be offered at the bank’s discretion.	Legacy MTGD 2.25% p.a. legacy LTGD 2.50% p.a. Interest is denominated in INR and based on the gold value on deposit creation.	Value awaiting review	Value awaiting review
SBI Gold Monetisation Short Term Bank DepositState Bank of India	Short Term Bank Deposit under the RBI Gold Monetization Scheme, denominated in grams of 995-fineness gold	Individuals, HUFs, proprietorship and partnership firms, eligible SEBI-registered trusts or funds, companies, charitable institutions and central or state government entities	Raw gold bars, coins or jewellery after excluding stones and other metals	Minimum 10 grams of eligible raw gold no maximum	1 to 3 years, including permissible broken periods under RBI rules	0.50% p.a. for 1 year 0.55% above 1 through 2 years 0.60% above 2 through 3 years	Irrevocable choice at deposit opening between gold or the maturity-date Indian-rupee equivalent of the deposited gold	Allowed after a one-year lock-in with penal interest SBI does not quantify the penalty on the reviewed page

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.