Why invest in gold saving schemes?
Gold saving schemes from jewellers come in handy, when you are planning to save money for an ocassion like a marriage, wedding anniversary or christening. It allows you to plan for and acts like a recurring deposit, where you build money for an important ocassion. There are various gold schemes from jewellers and you need to pick and choose your own one, before you take a decision.
Golden Harvest from Tanishq
Under the gold Harvest scheme from Tanishq, you pay for 10 months and after end of the 10th month the company will offer you a discount which will vary from 55 per cent to 75 per cent of the first installment. It is pertinent to note that customers can still get Golden Harvest proportionate discount after completion of six months and six installments payment. You can begin by investing in small amounts of Rs 2,000 and in multiples of Rs 1,000 thereafter. The scheme will close within 421 days from the date of opening the account. This is a popular jewellers gold saving scheme.
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.