This article offers a brief summary of the key aspects of the Punjab National Bank‘s Gold Monetization schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
PNB India – Gold Monetization Scheme Features:
- Accepting a minimum deposit quantity of 10 grams with no maximum limit. Scheme Types and Tenor (in Years):
- Short Term Bank Deposit (STBD): 1-3
- Medium Term Government Deposit (MTGD): 5-7
- Long Term Government Deposit (LTGD): 12-15 The scheme offers a nomination facility similar to other Rupee Deposit Schemes.
- Accepted gold forms include raw gold such as gold bars, coins, and jewellery (excluding stones and other metals).
- Customers are required to submit an Application Form, along with Identification Proof, Address Proof, and an Inventory Form.
How to invest?
Click here to invest in the Punjab National Bank’s Gold Monetization schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.