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RBI New Restrictions on Gold Loan - ABN

Fri, Mar 10, 2017, 07:02 PM
Gold is said to be meeting the emergency expenditure of the common man and they depend so much on gold loans to attend their immediate needs. But, it seems to be not possible now to convert gold into cash immediately, as the RBI has imposed restrictions on gold loans. As per this restriction, immediate cash will be given only upto Rs 25,000/- and the remaining amount will be given in the form of cheque, which might make the needy to wait for another couple of days for the amount.
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