GOLD CERTIFICATE FROM CORPORATION BANK

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GOLD CERTIFICATE FROM CORPORATION BANK

Corporation Bank is also offering Gold certificate scheme for resident Indians. Resident Indians can transfer their Gold coins, jewelery, Gold bars etc in scrap from to the Bank and the Bank in turn issue a Certificate to the investor. Interest rate are more or less same like that SBI. Bank is offering the scheme for 3 to 5 years. After the lock in period you can withdraw the deposit. Other features are just like that of SBI. The Gold certificate is transferable. You can also avail loans by pledging the Gold certificate to the bank.

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3. HDFC Gold Fund