Federal Bank to start distribution of Indian gold coins
Posted on:18 Aug 2016 09:48:02
Free Current Affairs to Your Email
18 August 2016 Current Affairs:
Kerala based private sector lender, Federal Bank has tied up with MMTC for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.
Through this tie-up with MMTC, the bank becomes the first among the private sector banks to offer this product to its customers. Available presently in denominations of 5, 10 and 20 grams, the coins are distributed through select branches of the bank across the country .
The Indian gold coins are of 24 karat purity, 999 fineness and has the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in currency notes on the other. This is a government promoted coin and the only BIS hallmarked coin in India. The Indian gold coin carries advance counterfeit (security) features and tamper proof packaging.
FreshersLive - No.1 Job site in India. Here you can find latest 2018 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.