Wednesday, January 6, 2016

MMTC eyes tie-ups with SBI, ICICI, India Post for gold coins MMTC eyes tie-ups with SBI, ICICI, India Post for gold coins

As a part of gold monetisation programme of the Union Cabinet, Metals and Minerals Trading Corporation of India (MMTC)has decided to strengthen marketing network for selling Indian Gold coins by entering into tie-ups with SBI, ICICI Bank and India Post.
  • Presently, MMTC is retailing ‘Indian Gold’ coins through 22 outlets. After the tie-ups, initially 100-150 branches or outlets in the country will be finalized for selling Indian Gold Coins and later it will be a national launch.
Key Points:
  • The ‘Indian Gold’ coin is of 24 carat purity and has the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi on the other.
  • Initially, the coins will be available in denominations of 5, 10 and 20 grams.
  • MMTC Headquarters: New Delhi

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