One can invest a minimum of 30 gram (gross) gold under SBI's R-GDS scheme.
State Bank of India or SBI, the country's largest lender, also offers a special type of fixed deposit (FD) scheme denominated in gold.
Under R-GDS or Revamped Gold Deposit Scheme (R-GDS), the customer can deposit the idle gold to earn an interest, according to SBI's website - sbi.co.in.
Individuals, proprietorship and partnership firms, Hindu undivided families (HUFs), trusts - including mutual funds/exchange-traded funds registered under market regulator Sebi's regulations - and companies can invest in State Bank of India's R- GDS, according to the bank's website.