Saravana Stores Gold Scheme Review

By Team Gullak

Nov 21, 2024

3 min read

Gold investment schemes are gaining immense popularity in India, offering you a disciplined approach to saving and financial security. These schemes enable you to systematically accumulate gold over time, reaping the benefits of potential price appreciation. They provide you with a reliable method to secure your financial future amidst the growing demand for gold.

One prominent example is the Saravana Stores Gold Scheme, a well-known savings plan designed to make gold purchases more affordable. With a modest monthly contribution, this scheme allows you to invest in gold, providing a structured and accessible way for you to save.

For a comprehensive review and comparison of the Saravana Stores Gold Scheme with other new age digital gold investment options like Gullak+, read the full blog.

How Saravana Stores Gold Scheme Works?

Enrollment: Sign up for the Saravana Stores Gold Scheme at any Saravana Stores outlet.
Monthly Contributions: Commit to a fixed monthly contribution, starting at ₹500, to systematically save for gold.
Flexible Tenure: Choose a flexible tenure for your savings, typically ranging from 12 to 15 months.
Gold Purchase: At the end of the scheme period, you can use the accumulated savings to purchase gold jewellery or items from Saravana Stores at prevailing market prices.
Payment Options: You can make payments through various methods such as cash, debit card, or online transfer.
Additional Benefits: Schemes offer you bonuses or discounts on making timely payments throughout the scheme duration.
Redemption: Redeem your accumulated savings for gold jewellery or items of your choice from Saravana Stores.

Benefits Of Saravana Stores Gold Scheme

Below are the benefits of the Saravana Stores Gold Scheme:

Start from as low as ₹500/month
Extra Discounts claimable at the time of jewellery purchase
Affordable & flexible method to purchase jewellery.

Saravana Stores Gold Scheme Login

Follow the below steps for Saravana Stores Gold Scheme Login:

Navigate to the savings scheme section one Saravana Store's website
Select you "login" option
Enter your credentials to login

Comparison: Saravana Gold scheme vs Gullak Gold+

Before we dive into the comparison, let’s understand what Gullak Gold+ is and how it works.

Gullak Gold+ is a unique gold investment scheme where, in addition to benefiting from the rise in gold prices, your gold quantity itself grows by 5% each year. What does this imply? If you invest 100 grams in Gullak Gold+, it becomes 105 grams in 1 year, and in 8 years, it grows to 148 grams. Importantly, all 148 grams also benefit from any increase in the price of gold.

Only Scheme where Gold Quantity increases by 5%pa

Explore Gullak Gold+

There are no lock-in periods with Gullak Gold+, allowing you the freedom to withdraw your investment as cash or gold coins or gold jewellery whenever you like. You also have the flexibility to set up daily, weekly, or monthly SIPs, and you can pause or resume your investment at any time.

With this understanding of Gullak Gold+, let’s now compare it with the Thangamayil Jewellery Gold Scheme in the table below.

Table- Saravana stores gold scheme vs Gullak Gold+

Feature	Gullak Gold+	Saravana Stores Legend Scheme
Minimum Contribution	₹150/day	₹500/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, One-time	Monthly advances

Get Higher returns, more Benefits & Unlimited Flexibility

Explore Gullak Gold+

Conclusion: Is Saravana Stores Gold Scheme Right For You?

Both Saravana Stores Gold Scheme and Gullak Gold+ stand out as excellent options as gold schemes. However, from the returns perspective, you get higher returns with Gullak Gold+(due to the extra gold every year), which aren’t available with other gold assets. The choice ultimately lies on you as an investor. Make sure to do your due diligence before choosing any gold scheme.

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