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Purchasing gold jewellery for an occasion like a wedding or other special event can be a costly affair. Kalyan Jewellers’ Dhan Samriddhi Scheme offers a monthly savings and jewellery purchase plan for families who want to plan their jewellery purchases over time.
Customers can deposit a monthly amount online and redeem it towards purchases of eligible jewellery, as per the terms and conditions of the scheme. Kalyan Jewellers has also continued to promote gold saving schemes as part of its business with customers.
Important: Dhan Samriddhi is a jewellery purchase/saving scheme and should not be confused with a government scheme, fixed-return investment product, or bank deposit.
What Is the Kalyan Jewellers Dhan Samriddhi Scheme?
Kalyan Jewellers says that the Dhan Samriddhi Scheme is meant to systematize such planned purchases. Rather than needing to arrange the full amount for purchase at once, the customer under this scheme pays in monthly instalments for the duration of the chosen scheme plan.
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The Dhan Samriddhi Scheme plans currently show 11-month and 6-month options, with the ability to join the plan and make monthly payments online.
The scheme information highlights benefits of:
- Up to 2.67 times the membership fee under the 11-month option
- Up to 6 times the membership fee under the 6-month option
- Eligible gold discounts or selected studded jewellery benefits at redemption
The exact benefit depends on the scheme selected, purchase value and customer eligibility.
Dhan Samriddhi Scheme Benefit Illustration
The following examples are based on the available scheme information for a monthly payment of ₹5,000:
| Monthly Amount | Instalments | Total Paid | Membership Fee | Purchase Value at Redemption | Gold Discount Eligible* |
|---|---|---|---|---|---|
| ₹5,000 | 11 | ₹55,000 | ₹3,000 | Above ₹1,11,000 | ₹8,010 |
| ₹5,000 | 11 | ₹55,000 | ₹3,000 | Below ₹1,11,000 | ₹6,750 |
| ₹5,000 | 6 | ₹30,000 | ₹500 | Above ₹60,000 | ₹3,000 |
| ₹5,000 | 6 | ₹30,000 | ₹500 | Below ₹60,000 | ₹2,375 |
*The provided information states that these discounts are eligible for Priority customers.
Gold Discount or Studded Jewellery Benefit?
It is also important to note that the benefits mentioned under the scheme may be offered as a choice, and not in addition to each other.
As mentioned in Kalyan Jewellers’ scheme details, customers can typically choose between getting the eligible gold discount or the applicable offer on certain studded jewellery.
The listed studded jewellery benefits include:
- 11-month scheme: Up to 7% off on diamond jewellery or 5% off on stone and studded jewellery, subject to the stated purchase-value limit.
- 6-month scheme: Up to 9% off on diamond jewellery or 7% off on stone and studded jewellery, subject to the stated purchase-value limit.
Kalyan Jewellers has mentioned that these offers can be combined with certain seasonal offers where applicable.
Why a Gold Saving Scheme Can Be Useful
The benefit of a discount is one part of the scheme. However, the primary benefit is being able to save for a future purchase through monthly payments.
This can be particularly useful for:
- Wedding jewellery planning
- Festival or family occasions
- Customers who prefer monthly budgeting
- Buyers planning a larger jewellery purchase in advance
Many families may find it easier to budget when a large purchase is spread over multiple months, instead of having to pay the full amount in a single transaction.
Important Things to Check Before Joining
As with any gold buying scheme, customers should first review the official terms before paying a membership amount to join. A few important things to remember from the scheme information are:
- Membership fees may be non-refundable
- GST and other applicable taxes may be charged separately
- Gold discount eligibility may depend on customer category
- Customers may need to choose between certain available benefits
- Scheme benefits and terms can change
Essentially, this means that customers should review the most current terms and conditions before enrolling and paying the membership amount.
Final Takeaway
If you are planning to buy gold jewellery in the near future, Kalyan Jewellers Dhan Samriddhi Scheme is one option to consider if you prefer monthly payments.
Just keep in mind that the best value you get from the scheme will depend on what jewellery you plan to buy. The duration of the plan you select, your redemption value, and what benefits you are eligible for.
As always, promotional schemes, jewellery discounts, and terms can change at anytime. Be sure to check with Kalyan Jewellers for the most up-to-date scheme conditions before joining.