<h1>Gold Monetisation Scheme Updated: Redeem in Rupees or Gold, 0.2% Charge for Gold Redemption, Interest Paid in Cash.</h1> The Gold Monetisation Scheme, initially launched on November 5, 2015, has been further liberalized as of March 31, 2016, to enhance its appeal to depositors. Under the revised scheme, depositors of Medium and Long Term Government Deposits can choose to redeem their principal either in Indian Rupees equivalent to the gold's value at maturity or in gold. If opting for gold redemption, a 0.2% administrative charge will apply. Interest on these deposits will be calculated based on the gold's value at the deposit time and paid in cash. These changes aim to increase the scheme's attractiveness.