Turn Your Fixed Deposit Interest into Gold with Hindusthan Gold
Discover a smarter way to accumulate gold with the Golden Interest Scheme by Hindusthan Gold. Designed for individuals who wish to build their gold holdings over time, this scheme offers a structured approach to accumulating gold through eligible interest amounts from a fixed deposit with Hindusthan Bank, subject to the applicable scheme terms and conditions.
Instead of withdrawing your eligible interest amount, you can use it to accumulate gold at the prevailing rate. With monthly gold bookings and secure custody arrangements as described under the scheme, you can gradually build your gold holdings and redeem your accumulated gold for jewellery from Hindusthan Gold, as permitted under the scheme.
Golden Interest Scheme – Same Interest. A Brighter Future.
What Is the Golden Interest Scheme?
The Golden Interest Scheme is designed to help eligible customers convert their fixed deposit interest into gold rather than withdrawing the interest as cash. The eligible interest amount is used to book gold at the prevailing rate, allowing customers to accumulate gold through monthly bookings.
The scheme brings together fixed deposit interest, monthly gold accumulation and the option to redeem accumulated gold for jewellery, subject to the applicable terms, pricing, eligibility and redemption conditions.
Whether your goal is to accumulate gold gradually or plan a future jewellery purchase, the Golden Interest Scheme provides a structured way to work towards your gold ownership goals.
How Does the Golden Interest Scheme Work?
1. Maintain Your Fixed Deposit
Continue your eligible Fixed Deposit (FD) with Hindusthan Bank in accordance with the applicable banking and scheme terms. The interest rate, eligibility and other conditions are governed by the relevant FD agreement and scheme documentation.
2. Convert Eligible Interest into Gold
Instead of withdrawing the eligible interest amount, use it towards gold accumulation. The quantity of gold booked depends on the applicable gold rate and the amount available for conversion.
3. Monthly Gold Booking
Gold is booked monthly according to the scheme's applicable process and the prevailing gold rate on the relevant booking date. This helps you build your accumulated gold holdings over time.
4. Secure Gold Custody
Your accumulated gold is held under the custody arrangements specified by Hindusthan Gold and the applicable scheme terms. Please refer to the official scheme documentation for details regarding custody, records, charges and withdrawal conditions.
5. Redeem Your Gold for Jewellery
When you are ready, you can redeem your accumulated gold, in full or in part, towards eligible jewellery from Hindusthan Gold, subject to the applicable redemption process, valuation and charges.
