Are you looking for the best monthly savings scheme with jewellers? There are many number of people who become part of gold saving schemes offered by jewellers in India. As gold is a precious metal and it is part of our culture, people are very much interested in this schemes.
Gold saving schemes from your jeweler come very much in handy when you want to accumulate gold for say a function like an anniversary or a marriage. These schemes enable you get some discount on the making charges from the particular jeweller. You need to look at individual schemes to see if it works for you.
Why to invest in gold?
Investing in gold is just like investing in any other investment instruments, which can generate wealth over a longer period of time. Gold is considered a safe haven asset in case of a financial crash, runaway inflation, or global depression.
Gold has a high capital gains tax in most countries. The trade of gold is one of the best sources of income. Gold can be used to make jewelry to sell and earn a profit. Profits can also be gained by merely by selling the precious metal. Gold is one of the easiest forms of liquid money. If you need liquidate it, the same can be done very easily. However, bigger articles like bars may not be conveniently traded to meet your monetary demands. Prospective investors buy gold when the value of paper money decreases. Consumer can buy the gold in two ways physical gold and through various electronic mechanisms, like e gold, gold futures etc. Check today gold rates.
Should you buy these gold jewelery schemes?
Let us say that you put money in a recurring deposit instead of buying gold. In a recurring deposit you get interest. To compensate that loss most of the jewelers tend to give you a discount on one of your installments. This compensates for the loss of interest. However, it must be remembered that the money so accumulated under the gold jewelery scheme has to be used only for making gold jewellery and no other purpose. you cannot buy gold biscuits of gold coins. In any case take a look at some of the popular gold jewellery schemes in the country.
Tanishq Golden Harvest
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. For more details check today gold rates.
GRT Golden Eleven
You can buy a plan from GRT Golden Eleven and the amount paid per month is fixed and not variable. Interestingly, VAT and other taxes as applicable from time to time will be borne by the members. those who discontinue after seven months will not be entitled for a no wastage on purchase. You can make advance payments as well through Cheque/DD etc. If the member doe snot want to purchase after the 12 th month the amount would be refunded.
Malabar Gold & Diamonds SMART BUY
Malabar Gold Smart Buy scheme is one of the best options to save money on gold purchasing and it is a unique concept to buyers which can give an order of jewellery which is in stock or out of stock. The customer should plan and make the payment earlier and complete the process once the order is processed.
Your smart buy products will be delivered to the registered address. You can get different types of gold products in this smart buy scheme.
Jewels for less
P C Jeweller runs the popular Jewels for less scheme. These days with interest rates falling, the returns on these schemes have also fallen. For example while earlier, if you paid 10 installments, the jeweller paid one, today this is no more the case.
Also it is not as if these schemes have caught the imagination of individuals. One disadvantage of the gold scheme is that you are forced to take gold jewellery. You cannot buy biscuits for example. What this means is that you incur making charges. So, as an investment this is a bad idea.
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 month. The people who are thinking to buy gold check today gold rates.
JOS ALUKKAS EASY BUY GOLD PURCHASE PLAN:
Jos Alukkas too has an "Easy Buy Plan". The duration is 360 days and this scheme starts with a monthly payment of Rs 1000 to Rs. 1 lakh. But, the Jewellery should be bought in Jos alukkas online stores and jos alukkas showrooms. Purchase of jewellery can be made after 30 days of the last installment, but not before 360 days from the date of joining.
Lalithaa Jewellers Zero percent interest jewellery scheme
The Zero per cent gold jewellery purchase plan is a 12-month purchase plan offered by Lalithaa Jewellery to help customers save money to buy jewellery shortly. Customers will get benefit from without waste charges. The duration of occupancy available under this plan is a minimum of 12 months. After 12 months, clients can choose to extend the term as long as they wish. From the date of the last payment, the plan will be valid for 24 months. You can benefit At the end of the program, at the end of the following month from the last payment, customers can buy 916 gold jewellery, gold coins and silver items.
|Monthly Installments for 12 months||Value accumulated at the end of 13th installment|