Kalyan Jewellers Gold scheme review 2026
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 as an alternative gold saving scheme
Gullak is a modern gold accumulation platform designed to make gold buying effortless and accessible. Instead of requiring large monthly installments or non-refundable membership fees, it allows you to build your gold holdings systematically on your own terms.
Key features of saving on Gullak:
Gold accumulation: Instead of buying gold in a go, which can be a big amount to many, you can start buying gold on Gullak starting from just ₹100/day. Over time, this gold accumulates and builds gold for you.
100% Flexibility: You get the option of pausing or restarting your daily gold amounts any time you want. You also get the options of daily/weekly/monthly SIPs or one-time transactions, with zero lock-in rules so you stay in total control.
Jeweller network: Gullak is tied with top jeweller stores like Tanishq, Malabar, Caratlane etc. Once you build your gold savings, you can redeem it as jewellery at Gullak's 5000+ jewellery stores network, order 24K pure gold coins home, or withdraw as cash.
Scheme details:
Tenure/lock-in- None, pause or withdraw anytime
Flexibility- 100% Flexibility with daily, weekly, or monthly SIPs or one-time purchases
Benefit- Daily gold accumulation at live rates with zero making charges during accumulation
Withdraw options- Cash, pure gold coins delivered home, or redeem jewellery across 5,000+ partner stores
Extra charges- None (zero membership or hidden fees)
Comparison: Kalyan Jewellers Gold scheme vs Gullak
In this section, we will compare the Kalyan gold scheme against Gullak
Table: Kalyan Jewellers Gold scheme vs Gullak
| Feature | Gullak | Kalyan Jewellers Gold scheme |
|---|---|---|
| Minimum Contribution | ₹100/day | ₹500/month to ₹5000/month |
| Gold Accumulation | Daily, weekly, or monthly accumulation at live rates | Fixed monthly advances |
| Flexibility | 100% Flexibility; pause, restart, or withdraw anytime | Low-Moderate; strict payment windows |
| Lock-in Period | None | 6 to 11 months |
| Investment Options | SIP (daily/weekly/monthly) or one-time deposits | Fixed monthly advances |
| Extra charges | None | Mandatory non-refundable membership fee |
| Redemption Reach | 5,000+ partner stores (Tanishq, Malabar, CaratLane, etc.), coins, or cash | Limited strictly to Kalyan Jewellers stores |
Invest in India's #1 gold scheme
Concluding thoughts on Kalyan Jewellers Gold scheme
The Kalyan Jewellers Gold scheme is a suitable option for customers who regularly shop at Kalyan and want to leverage showroom discounts over a fixed 6 or 11-month timeline. However, you must factor in the non-refundable membership fee and rigid payment deadlines.
If you prefer a completely flexible approach with no lock-in periods, zero membership charges, micro-savings from ₹100/day, and freedom to redeem across 5,000+ jewellery stores nationwide or withdraw as cash/coins, Gullak is an adaptable and hassle-free alternative. As always, investors should review the terms and choose the plan that best aligns with their personal budget.
Disclaimer: Investors should do their own due-diligence before choosing any financial asset
Also Read: Kalyan Jewellers Making Charges
Also Read: Tanishq's Gold scheme
Also Read: Kalyan Jewellers Gold scheme vs other popular gold schemes
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