What is Gold Savings Scheme: Meaning, Types and Benefits

In today’s fast-paced world, smartly saving is necessary and a smart way to secure your future. And what better way to do this than investing in gold? The Vummidi Bangaru Jewellers (VBJ) Gold Saving Scheme offers a unique opportunity to save and invest in gold with flexible options. Let’s dive into the details of this golden opportunity!

What is a Gold Savings Scheme?

A Gold Savings Scheme is an innovative financial plan that allows individuals to invest in gold through regular, manageable installments. Typically offered by jewelers and investment firms, these schemes are designed to facilitate the accumulation of gold over a set period. 

Participants make monthly payments, and at the end of the term, they can purchase gold jewelry or coins equivalent to the total value they have invested. This method of saving bypasses the need for a significant upfront investment, making gold acquisition more accessible to a broader range of people.

Advantages of the Gold Savings Scheme

i) The primary advantage of a Gold Savings Scheme is its affordability and flexibility. It enables individuals to invest in gold without the financial strain of a lump-sum payment. 

ii) This systematic investment approach is ideal for planning future events like weddings or anniversaries, where gold plays a significant role.

iii) These schemes often come with added perks, such as no making charges on jewellery or bonuses at the end of the term, enhancing the value of the investment. 

iv) Investing in gold through these schemes can be a hedge against inflation and market volatility, as gold prices tend to remain stable or even increase over time. This makes Gold Savings Schemes not just a method for purchasing jewellery but a prudent financial strategy for securing wealth.

Enjoy these advantages by planning smartly with VBJ’s convenient savings scheme plan. Let’s dive into the details to understand how.

VBJ’s 12-Month Gold Savings Scheme

What’s the Deal?

The 12-month plan is straightforward: you pay monthly instalments for a year, and at the end of the term, you get to buy gold jewellery equivalent to the weight you’ve accumulated in your account.

Benefits Galore

• No value addition up to a maximum of 15%.
• Flexibility to choose from a variety of jewellery options.
• Special discounts on diamond and platinum jewellery.

What if You Stop Midway?

If you decide to stop after the 8th instalment, you still get benefits, albeit reduced. However, if you discontinue before the 7th instalment, you miss out on these perks.

VBJ’s 15-Month Gold Savings Scheme

This plan extends the saving period to 15 months, with increased benefits: The cap on value addition without extra cost is upped to 19%. Better discounts on diamond and platinum jewellery than the 12-month plan.

Flexibility in Discontinuation: Similar to the 12-month plan, discontinuing after the 8th instalment offers benefits. And if you continue until the 12th instalment or beyond, the benefits are even more substantial.

Payment: Easy and Convenient: You can pay through cash, cheques, demand drafts, online payments, or ECS. The flexibility ensures that you can keep up with your instalments conveniently.

Timely Payments Matter: Payments are due by the 10th of every month. Delayed payments extend your maturity date correspondingly, keeping the scheme fair and manageable.

Redeeming Your Gold: The Final Step: A Month’s Wait: After the last instalment, you must wait 30 days to redeem your gold.

Choices in Redemption: You’re not just limited to gold; diamond, platinum and solitaire jewellery options are also available, with attractive discounts.

What if You Change Your Mind?

Discontinuation Terms: VBJ understands that circumstances can change. Hence, they offer options even if you need to discontinue. Benefits vary based on when you choose to stop your installments. Feel free to reach out to us at support@vummidi.com | info@vummidi.com | 044 4903 3300 | 044 4288 8600 | +919677149494 for more details.

Why Choose VBJ?

Trust and Flexibility: With VBJ, you’re not just saving but investing in a trusted brand with flexible options catering to your changing needs and preferences.

A Golden Opportunity: Whether for a special occasion or a step towards financial security, our Gold Saving Scheme makes gold ownership accessible and advantageous.

Start Your Gold Journey Today!

Investing in gold has never been easier. With VBJ’s flexible saving schemes, you can start your journey towards owning exquisite jewellery while ensuring your investment is sound and secure. Whether you choose the 12-month or the 15-month plan, you’re paving the way to a golden future.

Start planning today for a brighter, golden tomorrow!

FAQs Related To Gold Savings Scheme

What is a Gold Savings Scheme?
It’s a plan that allows you to invest in gold in small amounts over a period, eventually enabling you to purchase gold jewellery or coins.

How does the Gold Savings Scheme benefit me?
You benefit by saving regularly in small amounts, hedging against gold price fluctuations, and often receiving bonuses or discounts at the end of the term.

What are the key features of VBJ’s 12-month and 15-month Gold Savings Schemes?
The 12-month Scheme involves monthly payments with no value addition up to 15%, while the 15-month Scheme offers a higher cap of 19% and more benefits.

How can I make payments for the VBJ Gold Savings Scheme?
Payments can be made via cash, cheques, demand drafts, online payments, or ECS, providing flexibility and convenience.

What are the redemption options and terms in VBJ’s Gold Savings Scheme?
After the last instalment, there’s a 30-day waiting period to redeem gold, with options to choose from gold, diamond, platinum, and solitaire jewellery.