GOLD DEPOSITS UNDER GOLD MONETISATION SCHEME EXCERPTS
Some updates regarding Gold Monetisation scheme by TTD
Tirupati, 27 February 2016: The Punjab National Bank(PNB) has come forward with a highest quotation of rate of interest with 1.75% per annum under the short term deposit scheme for a period of three years under Gold Monetisation scheme for the pure gold bars of 0.995 fineness and TTD will be investing approximately 1300kgs in the bank as it highest rate quoted in the Pure Gold Category.
While another 1000 kilos of gold which is going to be matured with SBI in March this year, will also be invested in PNB @ 1.75% per year under short term deposit for a period of three years under gold monetisation scheme as the bank has quoted the highest percentage of interest rate.
TTD will be investing around 1400 kilos of mixed category of gold ornaments, gold articles etc. received in Hundi with Indian Over Seas Bank. The bank will take up the responsibility of taking the mixed gold to Mint and getting it purified which includes the tasks of transportation, insurance, melting, conversion and assaying charges. And for the refined gold, the bank has quoated the highest rate of 1.25% per annum under short term deposit for a period of three years under Gold Monetisation Scheme.
ISSUED BY THE PUBLIC RELATIONS OFFICER TTDs, TIRUPATI