<h1>Gold Monetisation Scheme's Medium & Long Term Deposits to End by March 2025; Short-Term Deposits Remain.</h1> The Medium Term and Long Term Government Deposit components of the Gold Monetisation Scheme (GMS), introduced in September 2015 to reduce gold imports and mobilize domestic gold for productive use, will be discontinued effective March 26, 2025. This decision follows an evaluation of the scheme's performance and market conditions. Gold deposits under these components will not be accepted after this date, although existing deposits will continue until redemption. The Short-Term Bank Deposits will remain available at the discretion of individual banks based on commercial viability, with further guidelines from the Reserve Bank forthcoming.