Malabar Gold New Scheme Launched

[sparkit]

Guys, Malabar have launched Golden bliss plan.

• You can lock in either an advance amount or deposit old gold/coins.
• The tenure is 11 months.
• After maturity, you can buy gold jewellery with ZERO making charges (up to 18%).

Many of us stack gold coins either as gifts, investments, or savings. But converting coins into jewellery usually means paying hefty making charges (8–20% depending on the item).


Now, with this plan:

• You just deposit your gold coins.
• Wait for 11 months.
• Convert them to jewellery with no making charge deductions upto 18%.

 

[moneyMaker]

How much advance amount?

Send Website link of this plan.

 

[Adith]

Guys, Malabar have launched Golden bliss plan.

• You can lock in either an advance amount or deposit old gold/coins.
• The tenure is 11 months.
• After maturity, you can buy gold jewellery with ZERO making charges (up to 18%).

Many of us stack gold coins either as gifts, investments, or savings. But converting coins into jewellery usually means paying hefty making charges (8–20% depending on the item).


Now, with this plan:

• You just deposit your gold coins.
• Wait for 11 months.
• Convert them to jewellery with no making charge deductions upto 18%.

Isn't golden bliss a very old scheme ?

Also isn't it the jewellery pre book scheme ? You select your jewellery in advance and have it pre-booked / locked and buy it on redemption date with upto 18% discount on making charges .

Here is an article from 2023

Malabar Gold Scheme 2023: All the Details You Must Know - Wint Wealth

Check out the Malabar Gold Scheme 2023: Read to learn about the different plans, how to buy using the scheme, benefits, Terms and conditions and more.

www.wintwealth.com

Here is one from Gullak https://gullak.money/blog/malabar-gold-scheme/

I remember this being a failure compared to other schemes.

Either someone misled you or they revamped and released the scheme again, hopefully it's option 2.

 

[sparkit]

Isn't golden bliss a very old scheme ?

Also isn't it the jewellery pre book scheme ? You select your jewellery in advance and have it pre-booked / locked and buy it on redemption date with upto 18% discount on making charges .

Here is an article from 2023

Malabar Gold Scheme 2023: All the Details You Must Know - Wint Wealth

Check out the Malabar Gold Scheme 2023: Read to learn about the different plans, how to buy using the scheme, benefits, Terms and conditions and more.

www.wintwealth.com

Here is one from Gullak https://gullak.money/blog/malabar-gold-scheme/

I remember this being a failure compared to other schemes.

Either someone misled you or they revamped and released the scheme again, hopefully it's option 2.

Yes, it was there previously.
They relaunched it on mid of April.
No, you don’t need to pre book any jewellery now.
We can just give our old gold or coin or amount and lock in for 11 months.
We can save upto 18% VA.

Also Wedding Advance plan is different and we can pre book a jewellery by paying an advance.

 

[Adith]

Yes, it was there previously.
They relaunched it on mid of April.
No, you don’t need to pre book any jewellery now.
We can just give our old gold or coin or amount and lock in for 11 months.
We can save upto 18% VA.

Also Wedding Advance plan is different and we can pre book a jewellery by paying an advance.

Aaah. Then its great. I'm anyhow going to malabar today . Hopefully.

Will enquire. Would love to use the gold coins I have saved up plus this gives incentive to stock even more.

 

[Saral]

Aaah. Then its great. I'm anyhow going to malabar today . Hopefully.

Will enquire. Would love to use the gold coins I have saved up plus this gives incentive to stock even more.

please update once you enquire about it

 

[KGSIPO]

Aaah. Then its great. I'm anyhow going to malabar today . Hopefully.

Will enquire. Would love to use the gold coins I have saved up plus this gives incentive to stock even more.

How this scheme can be great. You are taking risk by giving gold coin or cash to a jeweller. If ithe shop closed, who will help

 

[sparkit]

How this scheme can be great. You are taking risk by giving gold coin or cash to a jeweller. If ithe shop closed, who will help

Have you ever bought jewels through savings scheme?

 

[Adith]

How this scheme can be great. You are taking risk by giving gold coin or cash to a jeweller. If ithe shop closed, who will help

That risk is with anything you do , including FD with banks , mutual funds and whatnot. It's a bad perspective to look into things.

Also, it's malabar, one of the biggest jewellers in the country.

Also, buying jewellery through schemes is one of the best ways to save money on making charges and gold averaging. My family has been doing this for more than a decade. I bought 23grams gold yesterday after a scheme matured , for average rate of 7300 , and paid like 4% making charge for only 10 grams out of the 23. 0 making charge on the remaining gold.

 

[Adith]

please update once you enquire about it

Checked when I went to Malabar. They dint have any brochure currently so couldn't take pics.

Basically whatever said in the original post stands true.

Extra info is that they do accept other jewellery coins and also 24k coins.

If you are giving 24k coin, they will calculate the value based on weight and then convert it into 22k .

No deduction on value of coin , even if other jewellery coin. As long as has 916 or whatever markings it's good they said.

I'm still slightly skeptical cause I couldn't see the brochure. I might go on the 14th or maybe next month. Will enquire once more to see if I can get my hands on the brochure.

 

[sparkit]

Checked when I went to Malabar. They dint have any brochure currently so couldn't take pics.

Basically whatever said in the original post stands true.

Extra info is that they do accept other jewellery coins and also 24k coins.

If you are giving 24k coin, they will calculate the value based on weight and then convert it into 22k .

No deduction on value of coin , even if other jewellery coin. As long as has 916 or whatever markings it's good they said.

I'm still slightly skeptical cause I couldn't see the brochure. I might go on the 14th or maybe next month. Will enquire once more to see if I can get my hands on the brochure.

I do have brochure. But it’s in Tamil language. If you need, can post here.

 

[Adith]

I do have brochure. But it’s in Tamil language. If you need, can post here.

Yes please. I'm from Chennai so it's good.

 

[sparkit]

Yes please. I'm from Chennai so it's good.

Great. Me too from Chennai.

 

[nikhilv0303]

Translated content by ChatGPT (Not sure how accurate it is, since I don't know Tamil 😉)

GOLDEN BLISS
Advance Gold Purchase Plan


Are you planning to buy gold jewelry soon? Worried about rising prices? Now you can buy your dream jewelry at today's gold rate with Golden Bliss – a smart and secure way to plan your gold purchase!


By paying 100% in advance at today’s gold rate, you can lock in the price and avoid future price hikes.

So why wait? Choose the Golden Bliss plan today and secure your gold purchase smartly and safely!

---

Note:
In this scheme, if the gold rate increases within 18%, your booking rate is still honored. If the gold rate falls, you will get the benefit of the lower rate at the time of purchase. Terms and conditions apply.
This offer is available only in select branches. Please check with the store for more details.

 

[sparkit]

Translated content by ChatGPT (Not sure how accurate it is, since I don't know Tamil 😉)

GOLDEN BLISS
Advance Gold Purchase Plan


Are you planning to buy gold jewelry soon? Worried about rising prices? Now you can buy your dream jewelry at today's gold rate with Golden Bliss – a smart and secure way to plan your gold purchase!


By paying 100% in advance at today’s gold rate, you can lock in the price and avoid future price hikes. You’ll also get a bonus worth Rs. 330 per gram on your advance payment. Even if the gold price increases by up to 18%, you are protected and can still buy at the lower rate.


If you prefer, you can also choose a 15-month monthly installment plan. When you complete the 15 months, you’ll receive a bonus equivalent to one extra month’s installment, helping you buy more gold than you paid for!


So why wait? Choose the Golden Bliss plan today and secure your gold purchase smartly and safely!

---

Note:
In this scheme, if the gold rate increases within 18%, your booking rate is still honored. If the gold rate falls, you will get the benefit of the lower rate at the time of purchase. Terms and conditions apply.
This offer is available only in select branches. Please check with the store for more details.

No mate, mistakes here.

there is no 330 rs bonus and it’s 11 months lock in period not 15 months installment. Also there is no bonus equivalent to one month installment.

Edit it if possible.

 

[nikhilv0303]

edited... check if its correct now

 

[KGSIPO]

Have you ever bought jewels through savings schem

Checked when I went to Malabar. They dint have any brochure currently so couldn't take pics.

Basically whatever said in the original post stands true.

Extra info is that they do accept other jewellery coins and also 24k coins.

If you are giving 24k coin, they will calculate the value based on weight and then convert it into 22k .

No deduction on value of coin , even if other jewellery coin. As long as has 916 or whatever markings it's good they said.

I'm still slightly skeptical cause I couldn't see the brochure. I might go on the 14th or maybe next month. Will enquire once more to see if I can get my hands on the brochure.

You are comparing a shop which do not have any brochure to a bank FD. Very sorry. I agree it is beneficial if the scheme works. Even they don't have a brochure to give and what you can do if they run away