A Gold Savings Scheme is a structured plan that allows individuals to invest in gold through regular, smaller payments, accumulating savings to eventually purchase gold. These schemes are offered by both jewellers and banks, aiming to make gold investment accessible to those who may not be able to afford a large, one-time purchase. Participants make regular contributions (e.g., monthly) to a scheme offered by jewellers or financial institutions. These contributions accumulate over a set period, and at the end of the tenure, the accumulated amount can be used to purchase gold from the associated jeweller. Some schemes also offer bonuses or discounts on making charges upon maturity.
Top Gold Savings Schemes in India (2025)
1. Tanishq Golden Harvest Scheme
- Tenure: 10 months
- Monthly Investment: Starting from ₹2,000
- Benefits: Upon completion, Tanishq adds a special discount, allowing you to purchase jewellery worth more than your total investment.
2. Kalyan Jewellers Gold Ownership Certificate
- Tenure: 11 months
- Monthly Investment: Fixed amount
- Benefits: Receive a bonus in the 12th month, which can be used to purchase jewellery.
3. Malabar Gold Smart Buy Scheme
- Features: Reserve desired jewellery online by making a small advance payment.
- Benefits: Locks in the gold price at the time of booking, protecting buyers from price fluctuations. Additional discounts on making charges are also provided.
4. Jos Alukkas Easy Buy Gold Purchase Plan
- Tenure: 12 months
- Monthly Investment: Fixed amount
- Benefits: After 12 months, the accumulated amount can be used to purchase gold jewellery from Jos Alukkas stores.
5. Sovereign Gold Bond (SGB) Scheme by RBI
- Issuer: Government of India through RBI
- Tenure: 8 years (exit option after 5 years)
- Benefits: Earns an annual interest of 2.5%. Capital gains tax exemption if held until maturity.
6. Gold Monetisation Scheme (GMS)
- Issuer: Government of India
- Features: Allows individuals to deposit idle gold and earn interest on it.
- Tenure: Short-term (1-3 years), Medium-term (5-7 years), and Long-term (12-15 years)
- Benefits: Earn interest on deposited gold, which is credited in gold grams.
Conclusion
Gold Savings Schemes offer a disciplined approach to accumulating gold, catering to various financial goals and investment capacities. Whether you’re planning for a significant life event or looking to diversify your investment portfolio, these schemes provide structured and often rewarding avenues to invest in gold. Always consider the terms, benefits, and your personal financial goals before choosing a scheme.
