Gold has always been a symbol of wealth and security in India. Over the years, various gold investment schemes have been introduced by jewellers and financial institutions to cater to the diverse needs of investors. These schemes offer a structured way to invest in gold, ensuring both financial returns and the joy of owning precious jewellery. Below is an overview of some of the most popular gold schemes available in India:
GRT Jewellers is a well-established jewellery brand in India, known for offering flexible gold savings schemes and transparent pricing. They focus on helping customers accumulate gold in small, manageable amounts over time.
This scheme allows customers to make monthly payments for 11 months, which can then be used to purchase gold jewellery afterwards. It is designed for people from all financial backgrounds, providing flexibility and security.
11 months of monthly payments, based on value or weight.
Rs. 500/month.
Option to buy gold jewellery, diamonds, or silver, avoiding price fluctuations.
A Refund is available if the jewellery is not purchased at the end of the tenure (No Cash Refunds).
Tanishq, part of Titan Company Limited, is one of India’s most trusted jewellery brands, recognised for its quality, craftsmanship, and customer-centric gold investment plans.
This scheme enables investors to deposit a fixed amount over 6–10 months and redeem the accumulated funds for purchasing gold jewellery at maturity, with substantial discounts. It helps customers save systematically while benefiting from price stability.
6–10 months.
Rs. 2,000/month.
Up to 75% on the value of jewellery purchased under the scheme.
This scheme allows investors to accumulate gold in small denominations, with monthly deposits converted into grams of gold according to the prevailing rate. It is ideal for those who want flexibility in the number and amount of deposits.
8 months.
Monthly deposits converted into grams of gold as per rates.
No restriction on the number of deposits made during the tenure.
PNG Jewellers is a prominent South Indian jewellery brand, offering structured savings plans and discounts to help customers invest in gold while planning future purchases.
This scheme allows investors to choose a fixed monthly investment amount for 11 months, which can later be redeemed to purchase jewellery. It provides a disciplined approach to accumulate gold with additional savings on making charges.
11 months.
Rs. 3,000/month and increments in multiples of Rs. 500.
10% on making charges at maturity, and the Month 12 instalment will be paid by PNG.
This scheme requires a minimum investment and provides gold equal in value to the investment at maturity, along with interest. It is designed for investors looking for guaranteed returns in the form of physical gold.
12 months.
Rs. 1,000 and increments in multiples of Rs. 100.
Gold is equal in value to the investment credited at maturity, plus 8% interest and 10% discount on making charges.
This scheme allows investors to plan for gold purchases over longer durations of 12, 24, or 36 months. It is suitable for all income groups due to its low minimum investment requirement.
12, 24, or 36 months.
Rs. 500.
Helps investors plan for future gold purchases and make gold accessible.
Kalyan Jewellers, established in 1993, is one of India’s leading jewellery retailers, offering a wide variety of gold and diamond jewellery along with structured savings plans.
This scheme allows investors to make monthly payments over a 12-month period, which can then be redeemed to buy selected gold jewellery. It is designed for individuals and institutions, including minors, who want flexibility in investment amount.
12 months; can be closed by purchasing selected gold.
Rs. 500–40,000 depending on jewellery choice.
Open to Indian citizens, individuals, trust funds, hedge funds, institutions, and minors.
Bhima Jewellers, a South Indian jeweller since 1981, offers schemes that combine small savings with bonuses to make gold jewellery purchases easier.
This scheme helps investors accumulate gold over 2 years, with bonuses starting 6 months after enrolment. It is suitable for those looking for a disciplined investment plan with the added benefit of reduced making charges.
Variable tenure, some outlets offer 6 months, while others can offer 18 months.
Multiples of Rs. 250.
Bonuses after 6 months can be used to offset making charges.
Malabar Gold & Diamonds is an Indian jewellery retailer with a strong international presence. Known for innovative schemes and excellent customer service, they help customers invest in gold while saving on making charges.
This scheme enables customers to save systematically and buy jewellery at discounts, either from in-stock items or pre-ordered out-of-stock products. It is suitable for buyers who want flexibility and the option to customise their jewellery.
Flexible, based on customer preference.
In-stock items or pre-order out-of-stock items.
Smart Buy + Customise option and 14-day return policy for ready-to-deliver products.
Prince Jewellery is recognised for contemporary designs and structured gold and diamond savings plans, catering to individual and family investments.
This scheme allows investors to make 11 monthly payments, which can then be used to purchase jewellery worth the total invested amount. It provides a disciplined savings approach for gold buyers.
11 months; purchase in 12th month.
Rs. 500/month.
Accumulate investment to buy jewellery.
This scheme is similar to Save N Gold but focuses on diamonds. Investors can track payments via a passbook and redeem discounts on making charges, diamond rates, and uncut stones after 11 months of deposits.
Rs. 5,000, multiples of Rs. 1,000.
Rs. 5,000 off per carat, 25% off on making charges, 10% off on uncut diamonds.
Punjab National Bank (PNB) provides government-backed gold bonds and high-purity coins, offering secure investment options with fixed interest and liquidity.
The Sovereign Gold Bond scheme allows investors to buy bonds backed by the government, which can be redeemed in grams of gold. It provides stable returns with the security of government backing.
1 gram; minimum 2 grams, maximum 500 grams annually.
2.5% per annum.
Can be transferred to a third person with no tax charges.
These 24-karat gold coins are branded with the PNB logo and produced in Switzerland. Investors benefit from high-value gold holdings suitable for gifts or investment purposes.
24 karat.
5, 8, 10, 20 grams.
Investment and gifting purposes.
Andhra Bank offers Sovereign Gold Bonds with fixed returns, helping investors secure gold-backed investments and earn periodic interest.
Investors can subscribe at the issue price and hold the bond for 8 years while earning interest. The scheme is suitable for individuals and institutions looking for safe and long-term gold investment.
Rs. 3,890 per gram (subject to updates).
8 years.
2.5% per annum payable half-yearly.
ICICI Bank offers a variety of gold schemes, including gold monetisation, coin purchase, and sovereign bonds, catering to investors looking for liquidity, interest, and discounts on purchases.
This plan helps investors raise funds to buy gold using recurring or fixed deposits. Investors can also avail loans against their accumulated investment and purchase gold coins at a discount.
Help raise funds to buy gold.
Up to 90% of investment value.
30% on ICICI Gold coins till 3 months after maturity.
Investors can deposit physical gold with ICICI Bank and earn interest on it for 3 to 15 years. The scheme encourages the utilisation of idle gold with guaranteed returns.
Minimum 3 years, extendable up to 15 years.
30 grams.
Paid annually.
ICICI offers 24-carat gold in various denominations with assurance certificates at no extra cost. This scheme ensures transparency and convenience in purchasing physical gold.
0.5–100 grams.
Assurance certificates provided.
Government-authorised bonds issued by ICICI Bank for 8 years, providing assured returns with tradability on the stock exchange. Suitable for investors seeking safety and liquidity.
8 years, exit from the 5th year.
Government-authorised; tradable on stock exchanges.
HDFC Bank offers Sovereign Gold Bonds, providing interest along with gold investment. Open to individuals, HUFs, trusts, and institutions, it combines safety with systematic savings.
Investors earn fixed interest while holding gold bonds for 8 years, with early exit options from the 5th year. It is ideal for those who want a mix of returns and long-term gold accumulation.
2.5% per annum.
8 years; exit from 5th year possible.
1 gram minimum, 4 kg for individuals/HUFs, 20 kg for trusts/charitable institutions.
Axis Bank offers Gold Mohurs in 24-carat purity, providing investors with both collectable items and reliable investment options.
These coins are certified by Assay and available in various denominations for ease of purchase. Suitable for investment, gifting, or long-term savings.
24 Karat, 99.99%.
All Axis Bank account holders; PAN needed for purchases above Rs. 50,000.
State Bank of India provides gold coins, the Revamped Gold Deposit Scheme, and Sovereign Gold Bonds, offering both physical and bond-based gold investment options.
SBI offers coins in multiple denominations with guaranteed purity. They are ideal for gifting and personal investment, with verified quality assurance.
2–50 grams.
Assay-certified 24 Karat gold.
Individuals and organisations.
This government-initiated scheme allows investors to deposit idle gold and earn interest over a fixed tenure. It promotes productive use of gold while offering steady returns.
Productive use of idle gold.
1–15 years.
30 grams.
Varies with tenure; premature withdrawal attracts a penalty.
Issued by the Reserve Bank of India, these bonds offer interest along with gold value appreciation. Suitable for long-term investors seeking safe and structured investment.
8 years, exit from the 5th year.
2.5% per annum.
4 kg for individuals/HUFs; 20 kg for trusts and institutions.
These schemes offer a variety of options for individuals looking to invest in gold, catering to different financial capacities and preferences. It's essential to evaluate each scheme's terms and conditions to choose the one that best aligns with your investment goals.
| Aspect | Bank Gold Schemes | Jeweller Gold Schemes |
|---|---|---|
| Provider | Offered by commercial banks (under RBI regulation) | Offered by jewellery brands and local jewellers |
| Nature of Scheme | Investment-focused (like Sovereign Gold Bonds, Gold ETFs, Gold Deposit Schemes) | Savings-focused (monthly instalment plans to buy gold jewellery) |
| Regulation | Regulated by RBI and SEBI | Not regulated by RBI, depends on the jeweller’s credibility |
| Returns | May offer interest (e.g., Sovereign Gold Bonds: 2.5% p.a.) or depend on gold price appreciation | No monetary returns, only benefits like discounts, bonus months, or extra gold |
| Form of Gold | Paper/electronic gold (bonds, ETFs, deposits) | Physical gold (jewellery, coins, ornaments) |
| Liquidity | High – can be redeemed in cash or sold in the market easily | Limited – redemption usually only in the form of jewellery from the same jeweller |
| Tax Benefits | Sovereign Gold Bonds provide tax exemptions on capital gains | No tax benefits; purchase treated like normal jewellery |
Gold saving schemes are plans offered by banks or jewellers that help people invest or save systematically in gold.
You pay a fixed amount every month, and at the end of the tenure you can buy jewellery, often with benefits like a bonus instalment or reduced making charges.
Bank schemes are regulated and investment-focused, while jeweller schemes are unregulated and designed mainly for jewellery purchase.
They are generally safe with reputed jewellers, but since they are not regulated by RBI, the risk depends on the jeweller’s credibility.
Bank schemes like Sovereign Gold Bonds offer interest along with gold price gains, while jeweller schemes provide benefits like discounts instead of monetary returns.
Most bank schemes provide electronic or paper gold, while jeweller schemes always give physical gold such as jewellery or coins.
Some bank schemes like Sovereign Gold Bonds have tax exemptions on maturity, but jeweller schemes do not provide tax benefits.
If you want investment returns and safety, bank schemes are better; if you plan to buy jewellery, jeweller schemes are more suitable.
