1. The scheme provides short term bank deposits (1-3 yrs), medium deposits (5-7 yrs) and long term government deposit (12-15 yrs) with no maximum limit of investment. 2. A minimum deposit of 30gm raw gold could be made under this scheme in the form of gold bar, coin or jewellery. 3. The scheme allows premature withdrawal after a minimum lock-in period. However, it charges a penalty for such withdrawals. 4. An interest rate of 2.50% per year is provided by the Gold Monetisation Scheme which is higher than the rates offered by previous gold investments. 5. The scheme also offers redemption of the short term deposits in the form of either gold or rupees at current rates applicable.