Gold Saving Schemes: Hidden Costs & What You Must Know Before Enrolling

• Gold saving schemes tie you to specific jewellers and future jewellery purchases, not commodity gold investment.
• Clarify if the final value is based on the gold rate on the last instalment date or the purchase date.
• Making charges can significantly reduce the benefit of 'free' instalments; always ask about waiver percentages.
• Understand exit rules, penalties for premature withdrawal, and consequences of missed instalments.
• For investment, consider Sovereign Gold Bonds or Gold ETFs; instalment schemes are best for planned jewellery purchases.