A Gold Deposit Scheme is a smart way to earn interest on your idle gold instead of keeping it unused at home. Under this scheme, you can deposit your gold jewelry, coins, or bars with a bank, which then issues a certificate for the deposited amount. The bank safely stores your gold and pays you interest based on the tenure you choose—short, medium, or long-term. At the end of the maturity period, you can redeem the value in cash or gold. This scheme helps you earn returns while contributing to the country's gold reserves and financial stability.

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