- About Coverfox
Tanishq is a premier contemporary jewellery brand of India. Established as a subsidiary of Titan Company Limited in collaboration with Tamil Nadu Industrial Development Corporation, the headquarters of Tanishq is in Bengaluru, Karnataka. Tanishq has pioneered the field of jewellery making and craftsmanship. Their designs range from bridal sets, party diamonds, solitaires, casual and workwear jewellery. With a PAN India presence, Tanishq also creates gold jewellery of 18K & 22K purity along with providing precious stones and pearls. We have carefully curated this article to help you understand the different types of gold schemes offered by Tanishq. Read on to find out more.
This is a smart and secure way to purchasing gold of your choice. Under this scheme, you are simply required to deposit a monthly sum which can be later utilised to purchase the gold jewellery of your choice at a subsidized rate. The purpose of this scheme is to facilitate customers to set aside money so that they can purchase gold at a later date with discount. This scheme comes with two options for investment duration, 6 and 10 months.
|1st Jan 2017||1st Nov 2017||2000||1100||55%|
|1st Jan 2017||1st Dec 2017||2000||1300||65%|
|1st Jan 2017||1st Jan 2018||2000||1500||75%|
|1st Jan 2017||421st day||2000||1500||75%|
The table has been sourced from the official website of Tanishq Golden Harvest.
This is a gold booking scheme where a customer can book grams of gold and redeem them against gold purchases from Tanishq. You can make a deposit per month for 8 months and the deposited amount gets automatically converted into gold grams as per the prevailing gold rate during the time of deposit. The total amount at the end of 8 months tenure can be utilised to purchase jewellery. E.g. If you have booked a total of 100 grams over 8 months under this scheme and the rate of redemption is ₹1,000 per gram of gold, then you are entitled to buy gold worth ₹1,00,000/-.
If you begin with this scheme on 1st Jan 2019:
|First Installment||1st Jan 2019|
|Amount paid ( For ex )||Rs. 30000|
|(assuming) Gold rate on 1st Jan||Rs. 3000|
|Hence, Grams booked||10 gms|
|Second Installment||15th Feb 2019|
|Amount paid ( For ex )||Rs .10000|
|(assuming) Gold rate on 15th Feb||Rs. 3100|
|Hence, Grams booked||3.22 gms|
|Date of redemption||1st Sep 2019|
|Total grams booked||100 gms|
|(Assuming) Gold rate on 1st Sep||Rs. 4000|
|Total value of redemption||Rs. 400000|
Where can I buy Tanishq Gold Schemes?
You can purchase any of the gold schemes offered by Tanishq from any Tanishq showrooms across India with a valid KYC or Id proof.
Is there online payment available?
Yes, you can make the payment online directly at the portal with instant pay or Auto-Debit facility.
What do I require for account redemption?
You are required to present your Golden Harvest Booklet given during the time of purchase for redeeming your account.
Who can enroll for the Golden Harvest Scheme?
Any individual above the age of 18 with a valid KYC ID proof can apply for a Golden Harvest Scheme.
Is there a nomination facility?
Yes, you can hold a nominee during the time of purchasing this scheme. The nominee will receive all benefits associated with this scheme in case of your death.