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<h1>Gold monetization scheme amendments allow premature withdrawals after lock in with interest penalties and direct refiner deposits.</h1> Amendments to the Gold Monetization Scheme permit premature withdrawal of medium and long term government gold deposits after the respective lock in periods subject to a lower interest rate penalty based on actual deposit duration; allow direct deposit with refiners where assaying capacity exists to reduce time to interest accrual; provide a first year commission to participating banks for handling and distribution; and require regular review of the Scheme to resolve implementation issues and enhance customer friendliness.