Start a savings plan for someone else
Open a scheme in a child's or loved one's name and save toward a milestone gift. The plan transfers to them at maturity, with the option to keep contributing on their behalf.
- ₹500
- Minimum monthly amount
- 11+1
- Instalments, last one free
- 4
- Co-contributors allowed
The certificate is issued in the beneficiary's name at enrolment and transfers to them on maturity.
Enrol nowHow it works
i.
Name the beneficiary
Enrol with your own ID and name the person the plan is for. A guardian can hold it for a minor.
ii.
Invite co-contributors
Share the enrolment ID and up to three more family members can pay into the same plan.
iii.
We add the twelfth
Complete eleven instalments and the twelfth is credited by us, exactly as in our monthly scheme.
iv.
Hand it over
At maturity the certificate transfers to the beneficiary, who can redeem it at any store.
What you can redeem against
Gold jewellery
Any 18K, 22K or 24K piece across our stores, priced at the day's applicable rate.
Gemstone pieces
Diamond, ruby, emerald and sapphire jewellery from our gemstone collection.
Bridal suites
Full bridal sets, with the option to combine your balance with a Bridal Reserve plan.
A sample instalment schedule
| Monthly amount | You pay over 11 months | Bonus instalment | Total to redeem |
|---|---|---|---|
| ₹500 | ₹5,500 | ₹500 | ₹6,000 |
| ₹1,000 | ₹11,000 | ₹1,000 | ₹12,000 |
| ₹2,500 | ₹27,500 | ₹2,500 | ₹30,000 |
| ₹5,000 | ₹55,000 | ₹5,000 | ₹60,000 |
Eligibility & terms
- Who can enrol
- Any individual aged 18 or above, with a valid ID and address proof.
- Beneficiary
- Named at enrolment and changeable once during the tenure with ID proof for the new beneficiary.
- Minors
- A plan for a minor is held by the guardian and transfers on the beneficiary's 18th birthday.
- Refunds
- Instalments are non-refundable in cash but remain fully redeemable against merchandise at any of our stores.
- Pricing
- Redemption value is calculated at the BIS-hallmarked gold rate published in-store on your day of purchase.
Common questions
Can the beneficiary see the plan while it runs?
Only if you share the enrolment ID. Otherwise the passbook stays visible to you alone until maturity.
What if I stop paying midway?
The balance saved stays redeemable against merchandise, but the bonus twelfth instalment lapses.
Can I open more than one?
Yes — one plan per beneficiary, and there is no cap on how many beneficiaries you name.
Ready to start saving?
Enrol in under two minutes with your ID and a monthly payment method.