Kalyan Jewellers Gold scheme review

By Team Gullak

Jul 24, 2025

5 min read

The Kalyan Jewellers Gold Scheme is a structured savings plan that allows customers to make monthly contributions over a specific tenure of 11 months to accumulate savings for gold purchases. The customers get to buy gold jewellery from the Kalyan jewellers using this balance. Kalyan also provides additional discounts under this scheme during the time of claiming gold. This plan is designed to encourage systematic savings, enabling customers to buy gold without the need for a large lump-sum payment.

Kalyan Jewellers Gold scheme benefits:

Tenure/lock-in- 11 months

Flexibility- Every instalment needs to be paid within 31 days from the previous instalment

Benefit- Discount on gold or membership charges

Withdraw options- Jewellery or cash(cash will be your accumulated amount)

Extra charges- Membership fees charged from customers

Minimum investment- ₹500

To get a better understanding of the benefits, please take a look at the detailed table below:

Table: Kalyan Jewellers Gold scheme benefits

Monthly Scheme amount	No. of Instalments	Total Installments paid	Membership Fee	Purchase value during redemption	Gold Discount Eligible	Studded benefit #
5000	11	55000	3000	>110,000	8010	7% off on diamond Jewellery or 5% off on stone and studded jewellery upto a purchase value of 120000
5000	11	55000	3000	<110,000	6750	7% off on diamond Jewellery or 5% off on stone and studded jewellery upto a purchase value of 120000
5000	6	30000	600	>60,000	3000	9% off on diamond Jewellery or 7% off on stone and studded jewellery upto a purchase value of 60000
5000	6	30000	600	<60,000	2375	9% off on diamond Jewellery or 7% off on stone and studded jewellery upto a purchase value of 60000

What are the terms and conditions of the Kalyan Gold Scheme?

Under the Kalyan Dhan Samriddhi Scheme,

You need to pay monthly advances for 11 months
You get an assured Discount of upto 2.27 times of the membership fee
If enrolled in the 6 month scheme, you get upto 6 times the membership fee
Gold Purchase will attract GST
Membership fee is not refundable
The "Gold Discount" under this plan is applicable only priority customers
If you want to claim the studded benefit, the scheme can be purchased on a standalone basis without membership

Gullak Gold+ as an alternative gold saving scheme

Gullak Gold+ is a modern gold saving scheme. Here, you get the benefit of all other gold saving schemes along with extra gold every year. On Gullak Gold+, your gold quantity increases by 5% every year. So, 100 gms invested will become 105 gms in 1 year and 148 gms in 8 years.

Like other gold saving schemes, you can pay monthly advances by setting up SIPs. The difference though, is that your gold gets bought at your chosen SIP intervals. With other gold schemes, you do not get to buy gold until the ned of the scheme, leading to you missing out on almost a year’s worth of gold price appreciation.

Scheme details:

Tenure/lock-in- None, you can pause or withdraw anytime

Flexibility- Daily/weekly/monthly SIPs

Benefit- Grow your gold quantity by 5% every year

Withdraw options- Cash or gold coin or redeem jewellery at Gullak’s partner stores like Caratlane by Tanishq and claim flat 5% off on gold price.

Extra charges- None

Comparison: Kalyan Jewellers Gold scheme vs Gullak Gold+

In this section, we will compare the Kalyan gold scheme against Gullak Gold+.

Table: Kalyan Jewellers Gold scheme vs Gullak Gold+

Feature	Gullak Gold+	Kalyan Jewellers Gold scheme
Minimum Contribution	₹150/day	₹5000/month
Average Annual Returns	Gold price increase + Extra 5% gold pa	Gold price increase
Flexibility	High	Low-Moderate
Lock-in Period	None	11 months
Investment Options	SIP(daily/weekly/monthly) or One-time deposits	Monthly advances
Extra charges	None	Membership fee

Concluding thoughts on Kalyan Jewellers Gold scheme

The Kalyan Jewellers Gold scheme is an excellent choice for someone who is looking for a systematic way to buy gold jewellery of their choice. However, if you’re looking to get more from gold schemes, Gullak Gold+ is definitely worth checking out. The extra 5% gold pa isn’t available with any other gold saving schemes in India. That being said, investors should do their due diligence before choosing any investment scheme.

Also Read: Kalyan Jewellers Making Charges