Investing in bank fixed deposits (FDs) is a popular option for many people looking for a secure way to grow their savings. However, a new opportunity could soon allow people to earn returns from the gold they hold at home.
The Central Government is reportedly working on a new policy aimed at bringing the large quantities of household gold into the formal financial system. The initiative could encourage people to put their idle gold to productive use instead of keeping it stored at home.
The proposed policy could benefit both the economy and gold owners by enabling household gold to contribute to financial activity while potentially generating returns for its holders. Further details regarding the scheme, eligibility and implementation are expected to be announced by the government.
