The Gold Monetization Scheme (GMS) by the Government of India allows you to earn up to 2.5% annual interest on your idle gold, transforming it into a productive asset. Instead of paying locker fees, you can deposit your gold and benefit from a secure, government-backed investment.

At the time of withdrawal, you have the flexibility to receive your returns in gold or cash, providing financial convenience. However, as part of the process, your gold will undergo a fire assay for purity verification and will be melted, meaning jewelry will not be returned in its original form.