.....The scheme to be operated by post offices in rural areas besides select Public sector banks as authorised by the Reserve Bank of India (RBI), involves primarily a fixed deposit account with varying periodicity as offered by banks today but with one exception. The balance will be maintained in terms of gold units (in grams) and not in cash by converting the amount deposited in the account into gold units based on bank’s gold selling rate of the bank. This rate will be fixed by the..........
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