Gold saving schemes have been popular with individuals as they help plan gold purchases for an occasion and also help one to save money. There are many popular gold schemes - a select few are mentioned herewith. Remember, you cannot redeem the amount paid for cash and have to buy gold in lieu of your monthly deposits. Also read Gold saving schemes from jewellers. Should you buy?
Tanishq’s Golden Harvest
Under this scheme, you need to pay a fixed amount every month with Tanishq for 11 months. The 12th month installment is paid by Tanishq, hence you can buy for more than what you pay. In the scheme, the minimum installment value is Rs.500 and it can increase to any amount as long as it is in multiples of Rs.500.
The Tamanna monthly gold saving scheme allows you to pay in installments and "Get Benefited at the End". You pay 12 monthly installments and get 2 months installment free on diamond jewellery and 1 month on gold jewellery.
PC Jeweller’s 'Jewels for less'
You need to pay 12 installments while PC Jeweller pays the next two installments. So if you have invested Rs. 1,000 per month for 12 months, PC Jeweller would pay 2 installments of Rs 1,000. You can buy gold and diamond jewellery from PC Jeweller for an amount equivalent to 14 installments, immediately after paying the 12th installment. In terms of returns this comes to more than 25% per annum.
Jos Alukkas’ Swarnanidhi
Under Jos Alukkas 'Swarnanidhi' on completion of 18 months, the subscriber gets invested amount plus twice the subscribed amount added to the total and can buy BIS 916 Hallmarked gold for the same.
New subscribers get a special gift equal to the subscribed amount at the first payment itself. This simple and convenient scheme is highly beneficial for house wives and college students.
TBZ’S Kalpavruksha Plans
Now you can own exquisite 22kt gold, diamond or platinum jewellery through easy installments with Kalpavruksha Plan. You pay for 12, 15 or 18 months and TBZ gives you a one month discount.