Bhima Gold Scheme Review

By Team Gullak

Mar 27, 2025

3 min read

Gold holds a special place in Indian households, not just as a symbol of prosperity and wealth but also as a reliable investment. However, due to massive gold prices, buying the asset in substantial quantities becomes a challenge for many Indian households. This is where Gold schemes come into the picture, offering a flexible way to save for future gold purchase.

One such gold scheme that has become popular in the recent past is the Bhima gold scheme. In this article, we will delve into the details of the scheme, understand the benefits & drawbacks and compare it to other gold schemes in the market.

Understanding the Bhima jewellers gold scheme

Bhima Jewellers have 4 jewellery schemes. Below are the Bhima gold schemes:

1. Golden Key Easy Monthly Advance (EMA) Plan: This Bhima jewellers gold scheme allows customers to make monthly contributions in the scheme for 11 months. After the 11th month, the customers can buy gold jewellery or coins from Bhima’s jewellery stores. Below are the features of the Bhima Gold scheme:

Scheme Duration- 11 months

Minimum amount- ₹5,000/month

Benefits- 100% Discounts on making charge and wastage charge on 22Kt gold jewellery and gold coins

Withdraw options- gold coins or jewellery

2. Kubera Plan: This Bhima jewellers gold scheme allows users to make monthly instalments starting from a minimum amount of ₹2000. Under this plan, equivalent quantity of 22Kt Gold gets bought everytime you make a monthly instalment. After the end of the plan, users can get gold jewellery made out of the accumulated gold grams and claim discounts on making charges applicable.

Scheme Duration- 11 months

Minimum amount- ₹2,000/month

Benefits- 50% Discounts on making charge and wastage charge on 22Kt gold jewellery and gold coins

Withdraw options- gold coins or jewellery

3. Samruddhi Plan: The Samruddhi Plan works similar to the Golden Key EMA plan. Under this Bhima jewellers gold scheme, users need to make monthly instalments starting from ₹1000. Once the scheme tenure is over, users can buy gold jewellery with the accumulated amount and claim discounts on making and wastage charges

Scheme Duration- 11 months

Minimum amount- ₹1,000/month

Benefits- 20% Discounts on making charge and wastage charge on 22Kt gold jewellery and gold coins

Withdraw options- gold coins or jewellery

4. Ratna Plan: This Bhima jewellers gold scheme allows users to save systematically for diamond jewellery of choice. For 11 months, users make monthly instalments starting from ₹5000. Once the tenure is over, users can purchase diamond jewellery with the accumulated amount and claim 2 month's of contribution as discount.

Scheme Duration- 11 months

Minimum amount- ₹5,000/month

Benefits- 2 month's worth instalment as discount on diamond jewellery or 1 month's worth instalment as discount on 22K gold jewellery

Withdraw options- Diamond or 22Kt gold jewellery

Gullak Gold+ as an alternative gold scheme

Gold+ is a revolutionary gold scheme from Gullak. Gullak Gold+ allows you to grow your gold quantity every year. Your gold grows by 5% every year. For example, if you invest 100 gms today, it’ll become 105 gms in 1 year & 148 gms in 8 years, leading to a 50% increase in gold quantity. Below are the scheme details of Gullak Gold+:

Scheme Duration- None, you can withdraw anytime.

Minimum amount- ₹150/day(alternatively, you can set up weekly or monthly payments as well)

Benefits- Grow your gold by 5% every year. Based on the extra 5% gold pa, the extra interest is disbursed every month to investors.

Lock-in period- None

Withdraw options- Cash or gold coins or redeem jewellery at Caratlane by Tanishq at a flat 5% discount on gold price.

Bhima gold scheme vs Gullak Gold+

Now that we have a deeper understanding of both, Bhima jewellers gold scheme and Gullak Gold+, let us do a side-by-side comparison of both the schemes:

Table: Bhima gold scheme vs Gullak Gold+

Bhima gold scheme vs Gullak Gold+: Which plan is for you?

Both Bhima gold scheme & Gullak Gold+ are amazing gold schemes, catering to different needs of an investor. However, there are two 2 major differences between the schemes:

Extra Gold- Gullak Gold+ is the only place where your gold quantity increases by 5% pa. This means, the gold that you buy today also works for you by increasing in quantity.

Mechanism of the scheme- With Gullak Gold+, you can set up SIPs, which end up buying gold at the live gold rate at your chosen intervals. On the other hand, with most of the Bhima gold scheme, your gold gets bought only after the 11 month tenure is over, i.e., at a higher future gold rate.

Gullak is also partnered with major jewellers including Bhima. You can also redeem your gold savings as jewellery & claim exclusive discounts during jewellery purchase. Now that we have covered everything one needs to know about the gold schemes, the end decision lies with you as an investor as to which scheme to choose.