Banking service chronicle
in the October 2019 edition in this article we determine the following concept
in page no: 23 this article has been published.
Banks can directly buy gold from depositors. The reserve bank of
India on 16 august 2019 liberalized the gold monetization scheme 2015, allowing
depositor to directly depositor to directly deposit their bullion with either
banks refiner or collection and purity testing centers. Scheme was launched in
2015 aimed to monetize all the gold which lying idle with individuals or
institutions like banks.
Banking service chroniclereleases this magazine every month with new happenings around the world. The
aspirants who are preparing for any sought of government examination this
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