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    <title>Govt discontinues Gold Monetisation Scheme; banks may continue</title>
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    <description>The government will discontinue the Medium Term and Long Term Government Deposit components of the Gold Monetisation Scheme effective March 26, 2025, and designated collection centres and bank branches will not accept new MLTGD deposits from that date, while existing MLTGD deposits will continue until redemption under current GMS guidelines; Short-Term Bank Deposits may continue at banks&#039; commercial discretion and Reserve Bank guidelines will be issued.</description>
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      <description>The government will discontinue the Medium Term and Long Term Government Deposit components of the Gold Monetisation Scheme effective March 26, 2025, and designated collection centres and bank branches will not accept new MLTGD deposits from that date, while existing MLTGD deposits will continue until redemption under current GMS guidelines; Short-Term Bank Deposits may continue at banks&#039; commercial discretion and Reserve Bank guidelines will be issued.</description>
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