Thangamayil Gold Scheme Review

By Team Gullak

Mar 27, 2025

4 min read

Gold investment is integral to Indian wealth management, reflecting cultural values and financial prudence. Thangamayil Gold Scheme offers a systematic savings plan amid India’s rising gold demand, projected at 797.3 tons in 2024, with 45 locations in Tamil Nadu. This article delves deep into Thangamayil's workings, advantages, and how it compares to other gold schemes like Gullak Gold+.

What is the Thangamayil Gold Scheme?

The Thangamayil Gold Scheme is a popular savings plan in India that allows you to purchase gold jewellery through manageable monthly instalments. In 2023, the schemes saw significant growth, with over 50,000 people investing—a remarkable 20% increase from the previous year. Thangamayil jewellers have 3 gold schemes:

Super Gold scheme: Customers pay monthly instalments starting from just ₹1000 for 11 months(330th day from joining date). At the end of the scheme, users can use their savings to buy Gold or Silver jewellery. Enrolled users can claim 75% discount on making charges of gold jewellery or a 60% discount on making charge of Gold JewelOne product and Diamond-studded gold jewellery or 100% discount on wastage and making charges with this Thangamayil Gold Scheme.
Future Plus scheme: This Thangamayil Gold Scheme allows a one-time lump sum contribution at the beginning of the scheme starting with a minimum amount of ₹15,000. On joining, users are credited with gold equivalent to the current gold price(22K). After 11 months, users can use the gold accumulated to buy jewellery and claim discounts on making and wastage charges. The benefits of this Thangamayil Gold Scheme is the same as the Super Gold scheme.
DigiGold scheme: This Thangamayil Gold Scheme allows users to invest in digital gold, starting from just ₹100. This is a 11 month gold scheme, where users can set up savings target and need to make weekly/monthly contributions for the same. Once the scheme tenure is over, users can claim the below benefits on their gold jewellery:

- The first 75 days - 5% of the benefit.

- 76th to 150th days - 3.75% of the benefit

- 151st to 225th days - 2% of the benefit

- 226th to 300th days - 0.75% of the benefit

How does the Thangamayil Gold Scheme work?

The Thangamayil Gold Scheme makes it easy to save for your gold purchases. Here's how it works:

Flexible payments - You can make monthly/weekly payments or a one-time investment, depending on the scheme you choose.
Bonus - From 75% off on gold jewellery making charge to 100% off on silver jewellery making charges, you get to enjoy exclusive discounts on your jewellery purchase
Convenient Access: With over 40 stores across Tamil Nadu, Thangamayil ensures easy access for all customers.
Value for money: The Thangamayil Gold Schemes allow you to buy gold at the time of instalment payments, hence protecting you from price volatility during the time of jewellery purchase.

Benefits of Thangamayil Gold Scheme

The Thangamayil Gold Scheme offers the below benefits:

Weekly/monthly/one-time payment options
Discounts on Making charge and wastage charges
You can redeem jewellery of your choice with the accumulated amount at the end of the tenure.

Comparison of Thangamayil Gold Scheme and Gullak Gold+

Before we proceed to the comparison, let’s understand what Gullak Gold+ is & how it works. Gullak Gold+ is a gold investment scheme where not only do you benefit from gold price increase but your gold quantity increases every year as well.

With Gullak Gold+, your gold grows by 5% every year. What does this mean? 100 gms invested in Gullak Gold+ becomes 105 gms in 1 year & 148 gms in 8 years. All the 148 gms benefit from gold price increase as well. There are no lock-in periods, you can withdraw anytime you want. You also have the flexibility to set up daily/weekly/monthly SIPs & pause or resume your investment anytime.

Now that we have some understanding of Gullak Gold+, let us compare both the assets, Thangamayil jewellery gold scheme & Gullak Gold+ in the table below:

Table: Thangamayil jewellery gold scheme vs Gullak Gold+

Feature	Thangamayil Gold Scheme	Gullak Gold+
Benefit	Discounts on making charges	Your Gold quantity increases by 5% pa + Exclusive discounts on Jewellery at partner stores
Tenure	11 month schemes	No tenure, users can pause or withdraw anytime
Payment modes	Monthly/weekly SIPs or one time investments, depending on the scheme	Flexibility of daily/weekly/monthly SIPs or one-time investments, all in one plan
Withdraw Modes	Coins or jewellery	Cash, coin or jewellery

Get Higher returns, more Benefits & Unlimited Flexibility

Explore Gullak Gold+

Which Monthly Gold Scheme is Best?

While the Thangamayil Gold Scheme offers you a bonus on the 12th month, Gullak Gold+ offers unmatched advantages for you as an investor. Here are 3 areas where Gullak gold+ stands out:

1. Extra gold: Growing your gold by 5% every year is not possible with any other gold asset other than Gullak Gold+. This leads to Gullak Gold+ giving the highest returns on Gold.

2. No lock-in period- Unlike the Thangamayil gold scheme, Gullak Gold+ doesn’t have any lock-in period. You can withdraw anytime.

3. Gullak is partnered with almost all major jewellers across India, hence your Gullak savings can be utilised to buy gold jewellery as well. Gullak users also get to claim exclusive discounts during jewellery redemption at partner stores.

Only Scheme where Gold Quantity increases by 5% pa

Explore Gullak Gold+

Conclusion

When it comes to gold investment schemes in India, both the Thangamayil Gold Scheme and Gullak Gold+ offer unique benefits. However, Gullak Gold+ offers a gold quantity increase, which no one else does. The choice ultimately lies with the investor. Make sure to analyse any gold investment scheme before investing in them.

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