South India Gold Scheme review 2026

By Team Gullak

Last updated : Sep 30, 2026

3 min read

South India Jewellers are one of the most famous jewellers from Hyderabad and are one of the go-to options for purchasing jewellery in Telangana and Andhra Pradesh. Apart from their range of jewellery, South India Jewellers are also known for their Gold saving schemes. In this article, we will review different South India gold schemes and help you decide which to choose.

South India Gold Scheme overview

South India Gold Schemes are typically 11 month saving schemes. These Gold schemes facilitate systematic purchase of gold through small contributions every month. South India Gold Schemes are of two types- Golden Flexi Plan and Golden Eleven Plan. While both the schemes are fundamentally similar in how they work, the difference lies in how the amount gets accumulated.

South Indian Gold Scheme- Golden Flexi Plan

The Golden Flexi Plan allows you to make monthly contributions to the plan. Based on the monthly contributions, equivalent weight of gold gets bought every month. After the 11 month tenure, you’d be able to redeem gold jewellery of equivalent weight. Under the Golden Flexi Plan you also benefit from no VA charges on the accumulated gold.

Scheme Features:

Tenure: 11 month

Benefit: No VA charges on the accumulated gold

South Indian Gold Scheme- Golden Eleven Plan

The Golden Eleven Plan allows you to make monthly contributions to your South India Gold Scheme for 11 months. After the end of the tenure, you get to buy gold with the accumulated amount. No VA charges are applicable on the jewellery bought with the accumulated amount

Scheme Features:

Tenure: 11 month

Benefit: No VA charges on the accumulated gold

Can you get more out of your Gold scheme?

While traditional jeweller purchase plans offer a structured routine, they also bind your money to a single showroom and enforce strict monthly deposit schedules. Gullak offers a modern digital alternative designed around complete convenience and true financial freedom:

Gold accumulation: Instead of committing to fixed monthly showroom installments, you can build pure 24K gold reserves gradually on Gullak starting from just ₹100/day. Over weeks and months, these pocket-friendly contributions quietly compound into full grams of real gold at live market rates.

100% Flexibility: You stay in total command of your finances. You can automate daily, weekly, or monthly contributions or add one-time deposits whenever convenient. Whenever your budget changes, you can pause, adjust, or cash out without penalties or lock-in rules.

Jeweller network: While traditional schemes tie your savings strictly to one retail brand, Gullak connects you to 5,000+ jewellery partner stores nationwide—including Tanishq, Malabar, Kalyan, and CaratLane. When your target is reached, you can convert your gold into jewellery, order certified hallmarked coins straight home, or withdraw directly as cash

Conclusion

The plans offered by South India Jewellers provide a disciplined framework if you already frequent their outlets and plan to buy jewellery from them after an eleven-month period to save on value-addition charges.

However, if you prefer complete liquidity without multi-month lock-ins, the convenience of daily micro-savings starting at ₹100/day, and the freedom to redeem across an extensive network of over 5,000 partner jewellery stores nationwide, Gullak delivers an agile and contemporary way to build wealth. As always, take your personal budget and timeline into account before choosing the right plan for you.