scorecardresearchIn RBI’s gold scheme, premature withdrawal is permissible by the kin of investor in case of investor’s death

In RBI’s gold scheme, premature withdrawal is permissible by the kin of investor in case of investor’s death

Updated: 13 Dec 2021, 11:57 AM IST
TL;DR.
RBI allows withdrawal of deposits from gold deposit schemes for the kin of depositor when the original depositor happens to die before the lock-in period comes to an end.
The RBI’s gold scheme usually doesn’t permit the withdrawal of deposit, unless the original depositor dies during the lock-in period.

The RBI’s gold scheme usually doesn’t permit the withdrawal of deposit, unless the original depositor dies during the lock-in period.