52-year-old, who keeps most of her jewellery in a bank vault after being robbed of a gold chain while walking in Delhi.
With little state social security to fall back on, gold is a vital safety net in India, in particular for women, for whom it may be the only savings they have.
It is especially important in rural areas where many people do not have access to the formal banking system.
"Whenever there´s a wedding or some function I take it out," Vohra said.
"Maybe it will be my child´s wedding in six months. I don´t want to give it away."
A similar scheme in 1999 was a near-total failure, thanks to low interest rates.The government promises the new scheme is different, with the minimum deposit lowered from 500 grams to just 30 grams -- roughly the same as three gold bangles. Banks will be allowed to set their own interest rate, expected to be between two and four percent, and post offices will boost the scheme´s reach in rural areas.
One fear is that households may face uncomfortable questions about where their gold came from, amid an intensifying crackdown on "black money".
"People are still bothered about the tax queries. There is a myth that all Indians hold gold as unaccounted wealth," said Somasundaram P.R., managing director of the World Gold Council India.
Another sticking point is that gold has to be melted down to test its purity -- though depositors can watch from a gallery -- with the risk it could turn out to be worth less than thought.
For jewellers in Delhi´s Karol Bagh, where the streets are lined with shops selling diamonds and antiques, monetising India´s gold stash would be good news, reducing the need for expensive imports.
"It will be good if our gold gets rotated, if the gold that is lying in bulk with people is put to use," said Anoop Dhar, manager of the opulent Sunar jewellery store.
"Nothing can be better. We wouldn´t have to bring in gold from outside."
But at the bustling old market of Zaveri Bazaar in Mumbai -- the centre of India´s jewellery trade -- some are sceptical the scheme will succeed, noting that it is still easy for people to take out loans against their gold or sell it if they need cash.
"Indians have a family jeweller like a family doctor, and so have access to gold saving schemes run by their trusted jewellers," said Prithviraj Kothari, head of Riddhi Siddhi Bullions in Mumbai, India´s largest gold trading firm. "Why would they allow the government to peek into their gold?"