Gold is a popular investment in India because it’s easy to sell and stays valuable even when the economy isn’t doing well. But buying gold can be tough for most people. Thus comes the gold savings scheme.

A lot of jewellery stores and banks in India offer gold investment schemes. Their goal is to make it easier and more affordable for people to buy gold. Now, you may wonder, ‘Which monthly gold scheme is best? ‘

This blog explores the gold savings scheme concept in India and also compares gold investment schemes offered by banks and jewellery stores.

You will learn how these best gold-saving schemes make acquiring gold more affordable for everyone.

What is Gold Savings Scheme?

The Gold Savings Scheme is one of the most attractive gold investment choices in India. The core idea centres around a consistent gold monthly investment. You can use the sum of these investments to purchase the gold of your choice. The value of the gold purchase aligns with the total accumulated amount.

A gold savings scheme is a structured plan that allows individuals to invest in gold or gold equivalents through regular, smaller payments, accumulating savings to eventually purchase gold

• Purpose:

These schemes are designed to make gold investment accessible to those who may not be able to afford a large, one-time purchase.

• How it works:

Participants make regular contributions (e.g., monthly) to a scheme offered by jewellers or financial institutions.

• Accumulation:

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.

Examples of various gold schemes:

• Sovereign Gold Bond Scheme (SGB)
• Gold Monetisation Scheme (GMS)
• Gold Savings Schemes by Jewellers
  

Gold savings schemes offer a way to invest in gold gradually, allowing you to build a gold reserve over time.

By engaging in gold savings schemes, your ongoing monthly investments gradually accumulate. As the year ends, you get to enjoy the benefit of the gold monthly investment scheme.

A gold savings scheme works like a monthly savings plan but with a slight twist – instead of getting interest, you get to buy gold in the end. 

You spend a certain amount of money every month for a set time. When that time is up, you can use the total amount to buy gold from the jeweller. But unlike regular savings, you don’t earn interest.

To make up for that, the jeweller often gives you a bonus, which can be either way; they might give you a discount on the total bill or waive off your last month’s instalment.

Best Gold Savings Scheme in India – 2025

The top gold savings scheme allows you to save money in the form of gold, either by buying physical gold or investing in gold-related instruments.

Investing in gold is a cherished tradition in India, and various schemes make it easier and more rewarding. 

Here are the top gold savings schemes in India for 2025:

Best Gold Schemes by Jewellers 2025

When choosing a gold savings scheme by jewellers, you must consider factors such as scheme tenure and overall benefits offered.

1.     Tanishq Golden Harvest

2.     Kalyan Jewellers Yearly Gold Savings Scheme

3.     Malabar Gold Investment Scheme

4.     Bhima Jewellery’s Golden Key EMA Plan

5.     Jos Alukkas’ Easy Buy Gold Purchase Plan

Best Gold Schemes by Banks 2025

1.     Gold Monetisation Scheme (GMS)

2.     Sovereign Gold Bond Scheme

3.     Gold Coin and Bullion Scheme

Gold Investment Schemes By Jewellers 2025: An Overview

Among the top gold investment schemes offered by jewellers in India in 2025 are:

Tanishq Golden Harvest

Tanishq Golden Harvest is a smart, secure, and convenient gold savings scheme that allows you to own the Tanishq jewellery you desire. This plan enables you to buy more than what you pay for, as Tanishq adds a special discount upon maturity.

To invest in the gold investment scheme at Tanishq, one should:

1. Open an account on the Tanishq website, Tanishq app, or at any of their 350+ stores.
2. Make monthly instalments of at least ₹2000 or any higher multiple of ₹1000 for 10 months. You can use cash, online banking, or post-dated cheques.
3. Avail a special discount of up to 75% of the first instalment value upon redemption.
4. Own their preferred Tanishq jewellery with the total redemption value.

Which monthly gold scheme is best?

Features such as a minimum investment of ₹2000, along with up to 75% discount on the first instalment, make Tanishq Golden Harvest a great gold investment scheme offered by a jeweller.

Kalyan Jewellers Yearly Gold Savings Scheme

This gold monthly investment scheme plan is the Dhan Samriddhi Scheme. It offers a simple plan for starting systematic and efficient purchases for marriage jewellery. Enrolment is easy and convenient, with the option to make monthly payments online from home. Members can enjoy an assured discount of up to 2.67 times the membership fee in the 11-month scheme and up to 6 times in the 6-month scheme.

Malabar Gold Investment Scheme

Malabar Gold and Diamonds, a famous jewellery manufacturing company in India, has introduced the Smart Gold investment scheme.

Here are some of the gold saving scheme plans offered: 

1. Malabar Golden Bloom Buy Plan 

Make 11 easy instalments and, in the end, purchase the gold of your choice with an exemption on making charges up to 18 per cent.

2. Malabar Golden Bliss Advance Gold Purchase Plan

Secure your golden future with the Golden Bliss Advance Gold Purchase Plan!

Book jewellery 11 months in advance, pay no making charges on final purchase and enjoy exemptions up to 18%. 

3. Malabar Golden Golden Glow 

With Golden Glow, you pay 11 easy instalments, accumulate gold, and purchase jewellery equal to the accumulated weight without charges. This monthly gold scheme is best as it offers a monthly exemption of up to 14%.

Bhima Jewellery’s New Gold Savings Schemes

One of the top gold savings schemes in India, the Bhima Investment Scheme offers simplified and secured investment options. It helps ensure investors reap what they sow and a little extra.

With this scheme, individuals can acquire gold ornaments at the rate on the date of investment. The scheme is customer-friendly and flexible..

Jos Alukkas’ Easy Buy Gold Purchase Plan

It is an online gold savings scheme. To join, you need to sign up for the plan and make your payments online, ranging from Rs. 1000 to Rs. 1 lakh. Subscribers have to make 12 monthly payments before they can purchase the gold, following the scheme’s rules. After completing all 12 instalments, individuals become eligible for a scheme promotion discount, which is an extra incentive for the plan.

How do Gold Schemes by Jewellers in India Work?

Gold saving schemes function similarly to systematic investment plans (SIPs). You can deposit a small sum monthly, usually ranging from INR 500 to INR 10,000. Herein, rather than earning profits, you receive discounts from jewellers and interest from banks.

Gold Schemes by Jewellers in India offer unique benefits:

1. You can pay a fixed amount every month, and the jeweller adds an extra instalment. At the scheme’s end, you can use the accumulated money to buy gold jewellery from the same jeweller.
2. You can use your invested amount to buy gold coins, but cash redemption is not an option under this scheme.
3. Some jewellers offer discounts on making charges, wastage, or even a complete waiver as part of their gold-saving schemes.

Gold Schemes by Banks in India- 2025

The government introduced gold saving schemes in 2015 to encourage people to save or deposit their unused gold in banks. This gold could then be lent to jewellers or used for other purposes, reducing the need to spend foreign reserves on gold imports.

Do you know?

Narendra Modi, India’s Prime Minister, introduced three gold saving schemes:

• The Gold Monetisation Scheme (GMS)
• The Sovereign Gold Bond Scheme
• The Gold Coin and Bullion Scheme.

Gold Monetisation Scheme (GMS)

The Gold Monetization Scheme is a government initiative. It aims to motivate individuals, households, and institutions to deposit idle gold with authorised banks. Thus, enabling you to earn returns on your gold investments without selling your asset.

Types of Gold Deposits under the Gold Monetization Scheme

Short-term Bank Deposit (STBD):

STBD allows individuals to deposit gold for 1 to 3 years. The deposited gold addresses temporary jewellery demand. At the deposit’s end, you will receive gold in bars or coins with accrued interest.

Medium- and Long-Term Government Deposit (MLTGD):

MLTGD lets individuals deposit gold for 5 to 7 or 12 to 15 years. Gold in MLTGD fulfils the country’s domestic gold needs, including jewellery. Government-fixed interest rates for MLTGD are subject to periodic revisions.

PNB Gold Schemes 

These schemes are offered by Punjab National Bank, one of the largest public sector banks in India. These schemes include PNB Gold Loan Scheme, PNB Gold Deposit Scheme, and PNB Gold Card Scheme. 

• You can enjoy a loan against your gold jewellery or coins at attractive interest rates and flexible repayment options. 
• Earn interest in the form of cash or gold. 
• The PNB Gold Card Scheme also allows you to get a gold credit card.

Sovereign Gold Bond Scheme

RBI issues gold bonds denominated in grams on behalf of the Indian government. The bond tenure is up to 8 years, with an option to exit in the 5th year. 

• The Bond requires a minimum investment of one gram.
• Subscription limits are set at 4 kilos for individuals, 4 kilos for Hindu Undivided Family (HUF), and 20 kilos for trusts and similar entities.
• These limits are notified by the government on a fiscal year basis (April–March).

ICICI Sovereign Gold Bonds Savings Scheme (SGBs)

These are a great way to invest in gold without buying physical gold. These bonds, issued by the Indian government, let you make money as the value of the bonds increases and also earn interest each year. They help avoid risks linked with physical gold.

For tax, if you sell these bonds, you won’t pay capital gains tax. Long-term gains from selling the bond also provide benefits. You can trade these bonds on the stock exchange soon after they are issued, as directed by the RBI. 

These bonds come with tax benefits under the Income Tax Act.

SBI Gold Savings Scheme

The SBI gold sovereign bond scheme is a part of the sovereign gold bond scheme issued by the Reserve Bank of India on behalf of the Government of India. 

One of the best gold schemes by banks; it provides tax exemptions on both the interest income and capital gains from the gold deposit.

Who can apply?

Individuals, including minors with a guardian, HUFs, Trusts, Universities, and Charitable Institutions. 

Gold Coin and Bullion Scheme

The government issued gold coins initially in 5g & 10g and later in 20g bars. These are the first-ever national gold coins with the Ashok Chakra engraved on them.

How do Gold Schemes by Banks Work in India

Here is a brief about it:

1. Depositors get approval for the gold they want to deposit from certified collection centres.
2. After verifying its purity, the approved gold is deposited.
3. Collection centres send the deposited gold to refineries for melting, with customer consent.
4. Refineries issue a certificate for the deposited gold, which customers can provide to the bank to open a Gold Savings Account.
5. Refineries store the gold for the bank at a mutually agreed fee, with no charges for customers.

Gold Scheme Benefits: Why Every Smart Investor Is Turning to Gold in 2025

Gold savings schemes allow you to save money in the form of gold:

•  Gold saving schemes protect your investments during times of inflation and currency fluctuations.

This is possible because gold is a valuable and durable asset that can withstand economic shocks and crises.

•  Gold investment schemes by jewellers allow you to buy gold jewellery or coins at a discounted rate.

•  You can avail of the tax benefits on some gold saving schemes, such as the Sovereign Gold Bond Scheme and the Gold Monetisation Scheme.

•  A gold savings scheme provides flexibility and convenience. You can choose the amount, tenure, and mode of payment.

Conclusion

Gold saving schemes are a smart way to own gold without financial pressure. Whether you go for a jeweller’s monthly gold scheme or a bank-backed plan like Sovereign Gold Bonds, both offer their own perks. Explore your options and start your gold journey today!

Gold Schemes in India: FAQs

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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.