Gold Saving Schemes

Explore jewelry gold saving schemes available across Kerala. Find the best gold saving schemes by district. Compare schemes from different jewelers and districts.

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Gold saving schemes offered by jewellery shops are extremely popular in Kerala, especially for wedding planning and long-term gold purchases. These schemes allow customers to save a fixed amount every month and use the accumulated value to buy gold jewellery at the end of the scheme period.

While gold saving schemes can be beneficial, they also come with specific conditions that every buyer should clearly understand before enrolling. This page explains how jewellery gold saving schemes work, their advantages and disadvantages, and provides a comparison of available schemes from jewellery shops in Kerala.

What Is a Jewellery Gold Saving Scheme?

A jewellery gold saving scheme is a monthly saving plan offered by jewellery shops. Customers pay a fixed amount every month for a specific period—usually 10 to 12 months—and use the total amount to purchase gold jewellery at the end of the scheme.

These schemes are commonly used for:

Wedding jewellery purchases
Festival shopping
Planned gold investment through jewellery

Common Types of Gold Saving Schemes in Kerala

1. Bonus Month Scheme (11+1 or 10+2)

Customers pay for 10 or 11 months, and the jeweller adds one or two months’ value as a bonus at maturity.

Example: Pay ₹2,000 for 11 months → Get ₹24,000 worth of gold.

2. Zero Making Charge Scheme

The jeweller waives making charges on jewellery purchased under the scheme, partially or fully.

3. Fixed Gold Weight Scheme

The gold weight is fixed at the time of joining the scheme. Price fluctuations during the scheme period do not affect the final gold weight.

4. Festival or Wedding Special Schemes

Short-term schemes launched during Onam, Vishu, Akshaya Tritiya, or wedding seasons with specific benefits.

Benefits of Jewellery Gold Saving Schemes

Encourages disciplined monthly savings
Bonus amount or reduced making charges
Convenient for wedding planning
No interest or loan involved
Easy entry with low monthly amounts

For many families in Kerala, these schemes make gold purchases more affordable and well-planned.

Demerits & Risks You Should Know

Before joining any scheme, it’s important to understand the drawbacks:

Amount usually cannot be withdrawn as cash
Scheme value is usable only at the same jewellery shop
Making charges may still apply in many schemes
GST is payable at the time of jewellery purchase
Early exit may result in loss of benefits
Gold price risk if weight is not fixed
Missing payments may result in penalties or scheme cancellation
Limited flexibility in choosing jewellery designs or types

How to Choose the Right Gold Saving Scheme

When selecting a gold saving scheme, consider the following:

1. Compare Multiple Schemes

Check bonus structures and maturity benefits
Compare making charge waivers or discounts
Evaluate minimum and maximum deposit amounts
Review scheme duration and flexibility

2. Verify Jeweller Credibility

Choose established and reputable jewellery shops
Check for proper documentation and agreements
Verify shop registration and business history
Read customer reviews and testimonials

3. Understand the Terms

Read all terms and conditions carefully
Clarify what happens if you miss a payment
Understand early exit policies and penalties
Confirm GST and other charges applicable
Verify if gold weight is fixed or variable

4. Documentation

Ensure you receive a proper agreement document
Keep receipts for all monthly payments
Verify the scheme details in writing
Maintain records of all communications

Gold saving schemes provided by jewellers in Kerala

Filter by District:

Browse all jewelry gold saving schemes available across Kerala. These schemes help you save for your gold jewelry purchases in a systematic way.

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Malabar Gold scheme details and benefits

There are 3 gold saving schemes.

Golden Bloom

Users enrolled under this Malabar Gold scheme need to pay 11 monthly instalments and at the end of the tenure they can buy gold jewellery of choice. Users enrolled into this scheme are exempted from paying any making charges on jewelleries with upto 18% making charge.

Tenure: 11 months

Making Charge Exemption: Up to 18%

Golden Glow

This is also a 11 month scheme. Under this scheme, users get to accumulate gold worth instalment amount every month. At the end of the scheme they get to purchase jewellery equal to the accumulated gold weight. Users are eligible for exemptions on making charges up to 14%

Tenure: 11 months

Making Charge Exemption: Up to 14%

Feature: Accumulate gold weight monthly

Golden Bliss Advance Gold Purchase Plan

Here you can either lock in an advance amount or deposit your existing gold or coins for this plan. The tenure is 11 months, and once it matures, you can purchase jewellery with zero making charges upto 18%. Many of us have idle Gold at home, this scheme can be used to convert that to new jewellery. Your benefit is same as the Golden Bloom plan i.e., 18%

Tenure: 11 months

Making Charge Exemption: Up to 18% (zero making charges)

Feature: Can deposit existing gold or coins

Available in: All Kerala

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Jos Alukkas scheme details and benefits

There are 3 gold saving schemes.

11 Months Gold Purchase Scheme - Weight Base

Pay a fixed amount every month, and an equal weight of gold will be set aside for you. On maturity, enjoy making charges up to 15% waived off on your purchase.

Tenure: 11 months

Making Charge Exemption: Up to 15%

Feature: Equal weight of gold set aside monthly

11 Months Gold Purchase Scheme - Amount Base

Pay a fixed amount every month and on maturity, enjoy up to 20% wastage charges waived off on your purchase.

Tenure: 11 months

Making Charge Exemption: Up to 20% (wastage charges)

Feature: Fixed monthly amount payment

One Time Purchase Advance Scheme - Weight Base

Pay a fixed amount for one year and lock in the gold rate. On maturity, enjoy making charges up to 15% waived off on your purchase.

Tenure: 1 year

Making Charge Exemption: Up to 15%

Feature: Lock in gold rate, one-time payment

Available in: All Kerala

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Joy Alukkas scheme details and benefits

There is 1 gold saving scheme.

Easy Gold Purchase Scheme

The Easy Gold Purchase Scheme helps you plan and buy jewellery in an easy, secure and convenient way.
Fill out a KYC form and join the scheme by selecting an amount of your choice as monthly advance payment (various slabs starting from Rs. 1000 onwards). Pay ten equal monthly advance payments. After making the advance payment for the last month, you can buy your favourite jewellery by availing special discounts.

Making Charge Benefits:
• Gold, Silver jewellery, Gold coins and gold bars: Zero making charges up to 18%
• Diamonds, Rose cut and Precious Jewellery: Up to 50% off on making charges
• If making charge is more than 18%, customer pays the additional amount (e.g., if making charge is 24%, to be paid is 24%-18%=6%)

The subscription amount and benefits can be used towards the purchase of either Gold, Silver, Diamond studded jewellery or plain gold jewellery. The scheme helps you plan in advance to buy jewellery for weddings and other auspicious occasions. You can enroll online using the Joyalukkas App or Joyalukkas website.

Tenure: 10 months

Making Charge Exemption: Up to 18% (Gold/Silver), Up to 50% off (Diamonds/Rose cut/Precious Jewellery)

Minimum Deposit: Rs. 1000

Feature: Online enrollment available, KYC required, Special discounts upon maturity, Installment amount cannot be changed after first payment, Nominee facility available

Available in: All Kerala

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Bhima Gold scheme details and benefits

There are 5 gold saving schemes.

Golden Key Easy Monthly Advance (EMA) Plan

Easy Monthly Advance (EMA) minimum of Rs.5,000/- (Rupees Five thousand) or above (in multiples of thousand) for 11 months.
The aggregate of EMA payment can be redeemed at the end of 11th month with full benefit on bhimagold.com. The member can purchase BIS Hallmarked 22karat Gold Jewellery/ Gold Coins with benefit of NO value addition / Making charge.
GST applicable. Free gold coin is given on minimum enrollment of every Rs.8000. This is an Online exclusive Jewellery Purchase Plan and can be enrolled and redeemed online only.

Tenure: 11 months

Making Charge Exemption: NO VA/Making charges

Minimum Deposit: Rs. 5,000 (in multiples of thousand)

Feature: Online exclusive, Free gold coin on minimum enrollment of Rs. 8,000, Can purchase 22kt Gold Jewellery and Gold Coins

Kubera Plan

Fixed and Equal Easy Monthly Advance payment (EMA) for a minimum of Rs. 2,000/- (Rupees Two thousand) or above (in multiples of one thousand) for 11 months.
The weight of 22 Karat gold equivalent to the value of the EMA will be credited to your Kubera EMA account for the amount paid month on month as per the prevailing rate on the day of payment received by Bhima.
At the end of 11 months, on the accumulated weight of Gold, avail flat 50% off on value addition/Making charge on your choice of BIS Hallmarked Gold Jewellery (22k) or Gold coins (22k). This widely chosen plan protects your hard earned money from any kind of gold price inflation.

Tenure: 11 months

Making Charge Exemption: Flat 50% off on VA/Making charge (on accumulated weight)

Minimum Deposit: Rs. 2,000 (in multiples of one thousand)

Feature: Accumulates gold weight monthly, Protects from gold price inflation, 22 Karat Gold weight credited monthly

Samruddhi Plan

Easy Monthly Advance (EMA) minimum of Rs.1,000/- (Rupees One thousand) or above (in multiples of thousand) for 11 months.
The aggregate of EMA payment can be redeemed at the end of 11th month with full benefit. The member can purchase BIS Hallmarked 22karat Gold Jewellery / Gold Coins with benefit up to 20% off on value addition / Making charges.
Most popular and preferred EMA Jewellery purchase plan which offers no making charges or VA upto 20% on any of the 22 Karat BIS Hallmarked Gold Jewellery / Gold Coin you purchase.

Tenure: 11 months

Making Charge Exemption: Up to 20% off on VA/Making charges

Minimum Deposit: Rs. 1,000 (in multiples of thousand)

Feature: Most popular plan, Money spent goes on gold, VA/making charges taken care of with benefits

Ratna Plan

Fixed and Equal Easy Monthly Advance payment (EMA) for a minimum of Rs. 5,000/- (Rupees Five thousand) or above (in multiples of one thousand) for 11 months.
The member can purchase Diamond Jewellery at the completion of 11th month (after 30 days from the date of payment of the 11th month) and avail the benefit equivalent to two months of easy monthly advance amount /contribution as discount.

OR

The member can purchase 22Karat BIS Hallmarked Gold Jewellery and avail the benefit of one month's equivalent easy monthly advance amount/ contribution as discount.
Esthetically designed and the only EMA (easy monthly advance) plan for the one who loves Diamonds.

Tenure: 11 months

Making Charge Exemption: 2 months EMA as discount (Diamonds) OR 1 month EMA as discount (Gold Jewellery)

Minimum Deposit: Rs. 5,000 (in multiples of one thousand)

Feature: For Diamond jewellery lovers, Can purchase Diamond Jewellery or 22Karat Gold Jewellery, Redemption after 30 days from 11th month payment

Swarnadhara - Jewellery Purchase Plan

A scheme for old gold where members deposit their old gold, which is weighed in terms of an equivalent 22 Karat weight. The scheme duration is 11 months with a lock-in period of 3 months.
Members enjoy progressive increasing discounts on making charges starting from 30% off in the 4th month, increasing up to 100% off on making charges upon maturity.

Discount Structure:
3 months: 30% off | 4 months: 40% off | 5 months: 50% off | 6 months: 60% off
7 months: 70% off | 8 months: 80% off | 9 months: 90% off | 10 months: 95% off | 11 months: 100% off

On maturity, the member can avail 100% off on making charges of the equivalent deposited weight. Benefit of 30% off on making charges can be availed only after completion of 3rd month, for equivalent deposited weight.

Tenure: 11 months

Making Charge Exemption: Progressive discounts: 30% (3 months), 40% (4 months), 50% (5 months), 60% (6 months), 70% (7 months), 80% (8 months), 90% (9 months), 95% (10 months), 100% (11 months maturity)

Minimum Deposit: Minimum 20 gms or above (old gold deposit)

Feature: For old gold conversion, Lock-in period of 3 months, Progressive discount structure, Deposit old gold weighed as equivalent 22 Karat weight, Convert old gold to brand new 22 Karat Gold jewellery

Available in: All Kerala

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Kalyan Jewellers scheme details and benefits

There is 1 gold saving scheme.

Dhan Samriddhi Scheme

Dhan Samriddhi Scheme offers assured discounts on gold purchases with two tenure options:

11 Months Scheme:
Monthly Installment: Rs. 5,000
Membership Fee: Rs. 3,000
Total Installments Paid: Rs. 55,000
Gold Discount: If purchase value > Rs. 1,11,000: Rs. 8,010 | If purchase value < Rs. 1,11,000: Rs. 6,750
Studded Benefit: 7% off on diamond jewellery or 5% off on stone and studded jewellery (up to purchase value of Rs. 1,20,000)
Gold Investment Scheme Benefit: Up to 2.67 times of the membership fee

6 Months Scheme:
Monthly Installment: Rs. 5,000
Membership Fee: Rs. 500
Total Installments Paid: Rs. 30,000
Gold Discount: If purchase value > Rs. 60,000: Rs. 3,000 | If purchase value < Rs. 60,000: Rs. 2,375
Studded Benefit: 9% off on diamond jewellery or 7% off on stone and studded jewellery (up to purchase value of Rs. 60,000)
Gold Investment Scheme Benefit: Up to 6 times of the membership fee

Important Notes:
• Either Gold Discount or one of the studded offers can be availed
• Offer can also be clubbed with any seasonal offers running at stores
• Discount is eligible only for Priority customers
• Membership fees is not refundable
• This scheme can also be purchased on a standalone basis without membership and gold discount
• Purchases will additionally attract GST

Tenure: 11 months or 6 months

Making Charge Exemption: Gold Discount: Rs. 8,010 (11 months, purchase > Rs. 1,11,000) / Rs. 6,750 (11 months, purchase < Rs. 1,11,000) / Rs. 3,000 (6 months, purchase > Rs. 60,000) / Rs. 2,375 (6 months, purchase < Rs. 60,000). Studded benefits: 7% off on diamond or 5% off on stone/studded (11 months) / 9% off on diamond or 7% off on stone/studded (6 months)

Minimum Deposit: Rs. 5,000 monthly

Feature: Two tenure options (11 months and 6 months), Gold discount or studded benefits available, Can be clubbed with seasonal offers, Can be purchased standalone without membership, Priority customer benefits

Available in: All Kerala

Important Reminders

Always read the scheme terms carefully and confirm details directly with the jeweller before joining.

Remember that:

Gold saving schemes are not regulated financial products
Terms and conditions vary by jeweller
Benefits and bonuses are subject to jeweller policies
Always get written confirmation of scheme details

Disclaimer: Jewellery gold scheme details listed on this page are provided by jewellery shops or sourced from publicly available information. Scheme terms, benefits, and conditions may change without prior notice. Customers are advised to confirm all details directly with the jewellery shop before joining any scheme. Keralagoldrates.com does not sell, promote, or guarantee any jewellery gold saving scheme.