Answer: 2015
Notes: The Government of India has discontinued Medium-Term and Long-Term Government Deposits (MLTGD) under the Gold Monetisation Scheme (GMS) from March 26, 2025. Gold Monetisation Scheme (GMS) was launched in November 2015 as an improved version of the Gold Deposit Scheme (GDS) and Gold Metal Loan (GML) Scheme. It allows individuals, institutions, and government entities to deposit idle gold in banks and earn interest. Depositors can redeem the gold in cash, bars, or coins upon maturity but not in its original form. The scheme aims to mobilize idle gold, bring it into the formal economy, and reduce gold imports to lower the Current Account Deficit (CAD).
