Gold has been an integral part of Indian culture and finance for centuries. It is not only a symbol of prosperity but also a wise investment option. To make gold more accessible to the common man and to encourage systematic saving in this precious metal, various gold saving schemes have been introduced in India.
In this blog post, we will explore the best gold saving schemes available in India in 2026, both from renowned jewellers and banks.
With increasing awareness around digital finance and price transparency, investors are now evaluating gold saving schemes not just on discounts or interest rates, but also on flexibility, liquidity, and ease of tracking.
Features such as online enrolment, mobile-based payments, real-time gold price visibility, and hassle-free redemption have become important decision factors.
As a result, modern investors are leaning towards schemes that combine traditional gold ownership with the convenience and control of digital platforms.
What Is a Gold Saving Scheme?
A gold saving scheme is a systematic way to accumulate gold over a specified period. It allows individuals to make regular contributions towards purchasing gold, making it more affordable and accessible. These schemes are particularly beneficial for those who want to save for weddings, festivals, or future investments.
Top Gold Saving Schemes Offered by Jewellers in India
GRT Gold Savings Scheme
- The GRT Gold Eleven Flexi Plan provides an investment opportunity where you can start with a minimum monthly contribution of just Rs. 500 for 11 months, and in the 12th month, you can use the accumulated amount to purchase jewelry.
- This scheme is advantageous for individuals across all financial backgrounds and additionally guarantees a full refund in case no jewelry purchase is made at the end of the agreed tenure.
Tanishq Gold Savings Scheme
- Tanishq, a renowned jewellery brand, offers a gold saving scheme called "Golden Harvest.” Under this scheme, you can start with a monthly contribution as low as Rs. 2,000.
- Furthermore, participants are only required to make monthly payments for a duration of 10 months, after which the scheme will reach its maturity.
- At the end of the scheme, you receive a discount on the prevailing gold rate. This discount makes it an attractive option for gold enthusiasts. However, if a scheme participant decides to withdraw their deposits after 300 days, which is 10 months but before 365 days, they will still be entitled to a discount ranging from 55% to 75%.
- Another significant advantage of this gold saving scheme is that individuals have the flexibility to combine their redemption value with any ongoing Tanishq promotions, thereby enhancing their overall benefits.
Kalyan Jewellers Gold Savings Scheme
- Kalyan Jewellers' Dhan Samriddhi Scheme offers a range of meticulously crafted gold purchase schemes, providing you with a simple and effective way to systematically accumulate your wedding jewelry.
- One of the standout features of this scheme is its easy and convenient enrollment process, allowing you to get started without any hassle.
- In terms of benefits, the Dhan Samriddhi Scheme guarantees substantial discounts. For the 11-month scheme, you can enjoy discounts of up to 2.67 times the membership fee. If you opt for the 6-month scheme, the benefits are even more impressive, with assured discounts of up to 6 times the membership fee.
Top Gold Saving Schemes by Government of India
The government has initiated a variety of programs targeting investors looking to generate profits from gold, aimed at discouraging gold imports and mitigating trade imbalances. Keep reading to explore these initiatives in more detail.
Sovereign Gold Bond Scheme
- Explore India's premier gold-saving scheme - sovereign gold bonds.
- With government backing and attractive returns of up to 2.5% annually, these bonds are a top choice.
- Despite a minimum lock-in period of five years, investors with long-term goals will find these schemes highly rewarding.
- To read more, read up this detailed guide on Sovereign Gold Bond Scheme.
Gold Monetization Scheme
- The Gold Monetisation Scheme allows customers to deposit idle gold, earn interest and ensure security.
- The minimum deposit is 30 grams of raw gold, and there's no maximum limit. It aims to mobilize gold for productive purposes, reducing the country's gold imports dependence
- Interest rates are set by the Central Government: Medium Term Gold Deposit: 0.25% per annum & Long Term Gold Deposit: 2.50% per annum
- Eligibility includes resident Indians, joint deposits are allowed, and withdrawal is possible after a lock-in period: Medium Term Gold Deposit: After 3 years & Long Term Gold Deposit: After 5 years. Penalties apply for premature withdrawals based on the withdrawal year.
- Benefits include earning interest on gold coins and jewelry, tax exemptions, and secure storage.
Indian Gold Coins
- Indian Gold Coins, the first of their kind in India, feature the Ashok Chakra on one side and Mahatma Gandhi on the other.
- Available in 5g, 10g, and 20g denominations, they cater to various preferences.
- These 24-carat gold coins with a fineness of 999 ensure quality and purity. They are tamper-proof and have advanced anti-counterfeiting measures. Hallmarked as per BIS standards, they are minted by SPMCIL and can only be sold to account holders at select bank branches.
Conclusion
Gold saving schemes are an excellent way to invest in gold systematically and enjoy additional benefits offered by jewellers and banks. Whether you prefer accumulating physical gold jewellery or earning interest on your gold assets, there's a gold saving scheme in India to suit your needs. Before choosing a scheme, carefully assess the terms, interest rates, and benefits to make an informed decision.
Investing Beyond Gold? Start with Investment Options on Fi
As a money management platform, Fi offers several investment options. Be it Short-term or Long-term — it's easy to invest with a simple swipe of your phone's screen. If you want to save up for a short-term goal & earn interest on it, select our super-flexible Smart Deposit . If you're looking for higher/stable returns, opt for a Fixed Deposit .
Frequently Asked Questions
1. Which gold scheme is best for long-term investment?
The best gold scheme for long-term investment depends on your preferences. If you want to accumulate physical gold jewellery, schemes offered by jewellers like Tanishq and Kalyan Jewellers are suitable. If you prefer earning interest on your gold, consider the SBI Gold Deposit Scheme or ICICI Bank's Gold Savings Account.
2. Can I withdraw from a gold savings scheme before maturity?
Most gold saving schemes have specific terms and conditions regarding premature withdrawal. Some schemes may allow it with certain penalties or conditions, while others may not permit it. Check with the scheme provider for detailed information.
3. Are there any tax benefits associated with gold saving schemes?
Gold saving schemes do not typically offer tax benefits. However, the interest earned on gold deposits under the Gold Deposit Scheme may be subject to income tax, depending on the applicable tax laws.
4. Can I purchase gold coins or bars with the accumulated savings from a gold saving scheme?
Some banks and jewellers offer the option to convert the accumulated savings into physical gold coins or bars upon maturity. Check with the scheme provider for this option.
5. What should I consider before choosing a gold saving scheme?
Before choosing a gold saving scheme, consider factors such as the minimum monthly contribution, tenure, interest rates or discounts offered, and any penalties for premature withdrawal. Additionally, compare the terms and benefits of different schemes to find the one that aligns with your financial goals.
GUIDES
LAST EDITED BY SHEFAALI BOPANA ON DECEMBER 24, 2025.
