Gold Accumulation Plan (GAP)
MMTC-PAMP has developed a Gold accumulation plan for customers who wish to buy and accumulate Gold in a fair and transparent manner. The customer has the flexibility to acquire gold of value as low as Rs.1000 or in multiple thereof. The customer is not obligated to make any fixed or periodic payments. The gold purchased is set-aside in an allocated enclosure within the MMTC-PAMP vault with full insurance cover and security. Customers can accumulate gold without worrying about safe keeping of the metal.
Each customer opting to accumulate gold under the scheme is required to open a metal account after complying with a defined registration process.
Customer has complete freedom to seek physical delivery of gold in the form of coins or bars at anytime or multiple times according to their discretion. Since, it is not physically possible to deliver a fractional quantity of gold; minimum quantity for the delivery has been kept as low as one gram.
Gold can be bought or withdrawn online 24 hours a day, 7 days a week, and 365 days a year. Physical gold purity is .9999.
Stock Holding Corporation of India, India’s leading securities provider, operates the GAP under the name “GoldRush” and MMTC-PAMP provides the entire metal availability and back office support including posting gold prices, its physical storage and delivery.
For more details please visit at GoldRush GAP