Compare Earnings of Jewellers Gold Saving Scheme vs Bank Fixed Deposit

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Nowadays, almost all of the corporate Jewellers offers and recommends/requests you to join their Savings Schemes.  They major sell the scheme on the point of “Wastage Waiver” on your next Jewellery purchase in that scheme.  Here are some of the details that I gathered about these schemes and a quick math of comparison with that of earnings with a bank fixed deposit. For the explanation, I’ve chosen GRT Golden Eleven Plan.  Below is a quick overview with an example of how this scheme really helps the customers. Paying a monthly installment for 11 months After the completion of 11 months, […]