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Home›Gold Jewellery Scheme Calculator

Gold Jewellery Scheme Calculator

Compare gold savings schemes from Tanishq, Kalyan, Joyalukkas, Malabar & more. See your bonus gold, total credit, and which scheme gives the best value.

Most schemes accept ₹1,000 to ₹50,000/month

🏆

Best Value Scheme

PC Jeweller Gold Scheme

Total Credit

₹65,000

Free Bonus

₹5,000

Effective Return

8.3%

Scheme-by-Scheme Comparison

SchemeTenureYou PayBonusTotal CreditReturn %

Kalyan Jewellers

Kalyan Gold Scheme

11 months₹55,000+₹5,000₹60,0009.1%

Malabar Gold & Diamonds

Malabar Gold Scheme

11 months₹55,000+₹5,000₹60,0009.1%

Tanishq (Titan)

Tanishq Golden Harvest

11 months₹55,000+₹3,750₹58,7506.8%

Joyalukkas

Joyalukkas Gold Scheme

10 months₹50,000+₹5,000₹55,00010.0%

Scheme Details

Kalyan Gold Scheme

JewellerKalyan Jewellers
Tenure11 months
Bonus TypeOne full installment free

Pay 11 months, get 12th month installment free (100%). Valid at all Kalyan stores. Best bonus %.

Malabar Gold Scheme

JewellerMalabar Gold & Diamonds
Tenure11 months
Bonus TypeOne installment + making charge waiver
Making Charge Discount25% off

Pay 11 months, 12th free + 25% off on making charges. Good for heavy jewelry.

Tanishq Golden Harvest

JewellerTanishq (Titan)
Tenure11 months
Bonus Type75% of one installment as discount

Pay 11 months, get 75% of 1 installment as bonus. Can buy any Tanishq product. Most popular scheme.

Joyalukkas Gold Scheme

JewellerJoyalukkas
Tenure10 months
Bonus TypeAdvance equal to one installment

Pay 10 months, get 11th month advance free. Plus making charge benefits on certain items.

💡 Before You Join a Gold Scheme

  • • Only join if you're planning to buy jewelry from that specific store. It's not an investment — no cash refund.
  • • Your money earns 0% interest during the scheme period. Opportunity cost: ₹5,000/month in FD would earn ~₹1,925 in interest.
  • • Gold rate is NOT locked — you buy at the rate on redemption day. If gold rises 15% in 11 months, your bonus barely covers the price increase.
  • • Compare with SGB: Sovereign Gold Bonds give 2.5% interest + gold appreciation + tax-free gains. Better for investment.
  • • Never join unregistered schemes — stick to reputed jewellers with BIS certification.

💡 Related Tools

BudgetHow Much Gold Can You Buy?WeddingPlan Wedding Gold BudgetTimingShould I Buy Gold Today?CompareGold vs SIP vs FD vs PPFLoanGold Loan — Compare LendersSGBSGB Returns CalculatorTaxTax on Gold SalePurityGold Purity & Karat CheckSchemeJewellery Scheme CompareCalendarAuspicious Days for GoldLiveToday's Gold Rate

Frequently Asked Questions

Which jeweller gold scheme gives the best bonus?▼
Kalyan Jewellers and Joyalukkas give 100% of one installment as bonus (effectively 1 free month). Tanishq Golden Harvest gives 75% of one installment. However, Malabar adds 25% making charge waiver on top of 100% bonus, making it the best overall value for heavy jewelry.
Is a gold savings scheme better than buying gold directly?▼
Yes, for planned purchases. You get free gold (8-10% effective bonus) that no bank or investment gives. The catch: you must buy from that jeweller, and at the gold rate on redemption date (which could be higher). It's best when you're already planning to buy jewelry from that store.
What happens if I miss an installment?▼
Most schemes allow 1-2 missed months. If you miss more, you typically forfeit the bonus but get your deposited amount back (used as credit for purchase). Tanishq is strict on this. Always check the specific scheme's terms before enrolling.
Can I get cash refund from a gold scheme?▼
No. Gold schemes are NOT savings accounts. The accumulated amount (including bonus) can only be used to purchase jewelry from that specific jeweller. You cannot withdraw cash. Think of it as a layaway plan with a bonus, not an investment.
Is the gold rate locked when I start the scheme?▼
No. You pay fixed monthly installments in rupees, but when you redeem (buy jewelry), the gold rate on that date applies. If gold prices rise significantly during the 11-month period, you pay the higher rate. Your total credit (deposits + bonus) is used against the purchase.
Do I earn interest on my gold scheme deposits?▼
No, jeweller gold schemes do not pay interest on your deposits. Your money sits idle for 11 months. The 'bonus' is the only return. For pure investment returns, consider SGB (2.5% interest + gold appreciation) or Gold ETFs instead.
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