SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt modifies gold monetisation scheme, allows investors to redeem deposits in gold too

04 Apr 2016 Evaluate

The government has modified the gold monetisation scheme, in order to make it more attractive for potential depositors by allowing investors to redeem the deposits in gold also. This move is expected to attract temple trusts, many of which have significant amount of gold under their control.

Finance Ministry in its statement has notified that for redemption of the deposit in gold, an administrative charge of “0.2 per cent” of the notional redemption amount would be levied from the depositor in Indian rupees. For the gold deposited under Medium and Long Term Government Deposits (MLTGD), the redemption of principal at maturity shall, at the option of the depositor, be either in Indian Rupee equivalent of the value of deposited gold at the time of redemption or in gold. The interest accrued on the scheme would be calculated with reference to the value of gold in terms of Indian rupee at the time of deposit and would be paid only in cash.

Prime Minister Narendra Modi last year launched the Gold Monetisation Scheme to mobilise gold stashed with individuals, institutions and rich temples for recycling and to reduce imports. The scheme has garnered about three tonnes of gold in four months out of a national hoard of over 20,000 tonnes.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: