Turn Your Monthly Savings into Gold with Hindusthan Gold
Build your gold holdings gradually with the Golden Deposit Scheme by Hindusthan Gold. Designed for individuals who want to combine regular savings with gold accumulation, this scheme offers a structured way to allocate a chosen percentage of an eligible recurring deposit (RD) towards gold.
By opening a recurring deposit with Suvidha Co-operative Credit Society Ltd., eligible participants can select a percentage of their monthly RD amount for gold booking. The selected amount is used to book gold according to the applicable gold rate on the relevant deposit date, helping participants accumulate gold over time.
With a dedicated gold account and an option to redeem accumulated gold for jewellery, the Golden Deposit Scheme offers a planned approach to working towards your future gold ownership goals, subject to the applicable scheme terms and conditions.
Golden Deposit Scheme – A Smart Way to Grow Your Wealth with the Power of Gold.
What Is the Golden Deposit Scheme?
The Golden Deposit Scheme is a gold accumulation programme designed to help eligible participants convert a chosen portion of their recurring deposit amount into gold through monthly bookings.
Instead of allocating your entire monthly savings amount towards gold, you can choose a percentage of your eligible RD contribution for gold accumulation. The selected amount is then used to book gold at the applicable rate, with the accumulated gold recorded under the scheme's gold account arrangements.
Whether you are planning a future jewellery purchase or wish to build your gold holdings gradually, the scheme provides a structured process for monthly gold accumulation and future jewellery redemption.
How Does the Golden Deposit Scheme Work?
1. Open a Recurring Deposit
Start by opening an eligible recurring deposit with Suvidha Co-operative Credit Society Ltd., subject to the society's account-opening requirements and the scheme's eligibility criteria.
2. Choose Your Gold Allocation Percentage
Select the percentage of your eligible monthly RD amount that you wish to allocate towards gold. The amount allocated will depend on your selected percentage and the applicable scheme rules.
3. Monthly Gold Booking
On the relevant deposit date, the selected amount is used for gold booking at the applicable gold rate. The quantity of gold accumulated depends on the allocated amount, the prevailing rate and the scheme's booking process.
4. Your Gold Account
Your accumulated gold is recorded under the gold account arrangements specified by the scheme. Review the official terms for details regarding ownership records, custody, statements, charges and withdrawal conditions.
5. Redeem Gold for Jewellery
When you are ready, redeem your accumulated gold, in full or in part, towards eligible jewellery from Hindusthan Gold, subject to the applicable redemption process, valuation and charges.
