Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
EligibilityResident individuals, HUFs, proprietorships, partnerships, SEBI-registered mutual funds/
The official page lists eligible depositor types, joint deposits and authorised branches.
- Source
- Gold Monetization Scheme
- Page / section
- Eligibility / Introduction
- Accessed
- 23 Aug 2026
- Confidence
- high
Minimum gold10 grams of raw gold at any one time; no maximum. Gold is accepted as bars, coins or jewellery (stones and other metals excluded) and refined to 995 fineness.View source
The official publishes the 10-gram minimum, no maximum and purity requirement.
- Source
- Gold Monetization Scheme
- Page / section
- — Deposit quantity / Purity
- Accessed
- 23 Aug 2026
- Confidence
- high
Tenure / lock-inLegacy 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.Effective 26 Mar 2025View source
The official page records the 26 March 2025 discontinuation of new medium/long-term government deposits and legacy terms.
- Source
- Gold Monetization Scheme
- Page / section
- — Government discontinuation / Schemes
- Accessed
- 23 Aug 2026
- Confidence
- high
Interest rateLegacy 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.View source
The official publishes the historical MTGD/LTGD rates and denomination.
- Source
- Gold Monetization Scheme
- Page / section
- — Interest
- Accessed
- 23 Aug 2026
- Confidence
- high
Premature redemptionWhole or part premature withdrawal is permitted subject to the applicable lock-in and penalties; premature redemption of legacy MLTGD is paid only in INR.View source
The official states the permitted redemption forms and -only premature redemption.
- Source
- Gold Monetization Scheme
- Page / section
- — Redemption
- Accessed
- 23 Aug 2026
- Confidence
- high
Process / maturity payoutCustomers submit gold at a Collection and Purity Testing Centre; a certificate records quantity and purity. At maturity, principal may be paid in INR equivalent of deposited gold value or in gold (legacy MLTGD premature redemption is INR only).View source
The official page describes the CPTC process, certificate and maturity payout choice.
- Source
- Gold Monetization Scheme
- Page / section
- Process / — Redemption
- Accessed
- 23 Aug 2026
- Confidence
- high
Senior-citizen rateNot applicable — the reviewed scheme page does not publish a separate senior-citizen rate or age-based rate uplift for this product.View source
The reviewed official scheme pages describe the applicable government or product rate but do not provide a separate senior-citizen rate column.
- Source
- Bank of Baroda government deposit scheme catalogue and linked scheme pages
- Page / section
- Rate / eligibility sections
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsResident individuals, HUFs, proprietorships, partnerships, SEBI-registered mutual funds/
The manually reviewed product record states: “Resident individuals, , proprietorships, partnerships, -registered mutual funds/, trusts, companies, charitable institutions and Central/ State Government entities; joint deposits allowed. 102 BoB branches are authorised.”.
- Source
- Gold Monetization Scheme — official product page
- Page / section
- Published product metadata
- Accessed
- 15 Aug 2026
- Confidence
- high
Eligibility
- Resident individuals, , proprietorships, partnerships, -registered mutual funds/, trusts, companies, charitable institutions and Central/State Government entities
- joint deposits allowed. 102 BoB branches are authorised.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
Bank of Baroda government schemes and deposit product pagesofficial-product-pages · current · accessed 29 Aug 2026
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