This article offers a brief summary of the key aspects of the State Bank of India’s Gold Banking 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.
SBI – Gold Banking Features:
- Minimum deposit quantity: 10 grams of unprocessed Gold (bars, coins, or jewelry, excluding stones and other metals).
- Maximum deposit quantity: No upper limit.
- Current interest rates:
- 0.50% per annum for a 1-year deposit.
- 0.55% per annum for deposits exceeding 1 year up to 2 years.
- 0.60% per annum for deposits exceeding 2 years up to 3 years.
- Interest rate for Medium-Term Gold Deposits (MTGD): 2.25% per annum.
- Interest rate for Long-Term Gold Deposits (LTGD): 2.50% per annum.
How to invest?
Click here to invest in the State Bank of India’s Gold Banking 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.