Is gold monetization scheme open for NRIs?
As of now only Indian residents, HUF, mutual funds registered under SEBI and institutions are free to make deposits under the gold monetization scheme. You will need to furnish your KYC details at the time of gold savings account opening with the bank.
As of now, only resident Indians (Individuals, HUF, Trusts including Mutual Funds/Exchange Traded Funds registered under SEBI (Mutual Fund) Regulations and Companies) can make deposits under the scheme. The opening of gold deposit accounts will be subject to the same rules with regard to customer identification as are applicable to any other deposit account.