Precious Future Gold Scheme

 Gold is often called “eternal value” for a reason—it preserves wealth, conveys trust, and holds deep emotional and cultural significance. The Precious Future Gold Scheme (inspired by Krishna Jewellers’ Kanaka Vruksham Advance Purchase Plan) is designed to help you accumulate gold smartly, steadily, and with benefits. Here’s a detailed look at how such a scheme works and why it could be a smart choice for your future.

Scheme Overview

• The scheme is structured as a 10-month instalment plan. Each month, the participant pays a fixed instalment amount.
  
  

• On completion of the 10 instalments, an additional bonus instalment (i.e. the 11th month’s worth) is provided by the jeweller.
  
  

• Once the instalment cycle is complete, the member can redeem the accumulated amount to purchase jewellery.
  
  

• To enrol, one fills a simple form and chooses a denomination (in multiples of ₹ 5,000, with a minimum of ₹ 15,000) for the monthly instalment.
  
  

• The maturity (i.e., when you can redeem) is 330 days from the enrolment date, which includes the bonus instalment and a waiting period after the last payment.
  
  

• Certain terms are applicable: payments must be timely and continuous; early withdrawal forfeits scheme benefits (i.e., no bonus), but the accumulated amount can be used to purchase jewellery.
  

Key Benefits

The Precious Future Gold Scheme offers multiple advantages that make it appealing for disciplined savers and jewellery lovers alike:

1. Disciplined & Affordable Saving
   Rather than accumulating a lump sum to buy gold (which sometimes pressures your budget), you pay smaller instalments monthly. This makes gold ownership more manageable.
   
   

2. Bonus Benefit
   A standout feature: after the 10 instalments, the scheme gives an additional bonus instalment (i.e. 11th month) without extra cost. This effectively boosts your buying power.
   
   

3. Fixed Timeframe & Clarity
   The scheme has a clearly defined term (330 days) and structure, so you know exactly when you can redeem. No hidden surprises.
   
   

4. Flexibility in Denomination
   You can choose your monthly instalment amount based on your capacity (so long as it’s in set multiples and not below the minimum) to tailor the scheme to your budget.
   
   

5. Secure & Transparent Process
   
   

• You receive an advance receipt each time you pay an instalment, giving you proof and transparency.
  
  

• Jewellery cost at redemption is based on the prevailing gold rates and making/stone charges at redemption, as per the day of purchase.
  
  

• The jeweller retains the right to modify or suspend the scheme; in such a case, members can redeem their deposits in jewellery of equivalent value.
  
  

6. Discount & Benefit Offers
   Some versions of the scheme include additional discounts or waived charges if you adhere to all terms (e.g. “20% V.A & 30% Making Charges Discount” in Krishna’s plan) upon full compliance.

Why Choose This Scheme?

There are plenty of reasons why someone might choose a structured gold-savings scheme over ad hoc gold purchases. Here are the compelling ones:

• Protection from Price Volatility
  Gold price fluctuations are inevitable. By investing monthly, you average out the cost and reduce the risk of buying at a peak.
  
  

• Goal-oriented Saving
  Be it for wedding jewellery, festivals, gifting or investment, you build toward that goal without feeling the burden of a large outlay midway.
  
  

• Leverage the Bonus
  The extra instalment provided by the scheme means you effectively get “free gold credit” if you complete the full cycle. In other words, you gain more value for your money.
  
  

• No Wastage of Idle Funds
  Instead of leaving money in low-yield accounts or underutilised investments, you let it compound in terms of gold acquisition.
  
  

• Transparency & Certainty
  All rules, terms, and conditions (including consequences for missed payments or early withdrawal) are clearly stated. That reduces surprises later on.
  
  

• Trust Factor
  Because it’s backed by a reputed jeweller (in this case, Krishna Jewellers), you have confidence in the redemption and the jewellery you will receive.
  

Who Can Join?

The scheme is open to a wide category of individuals, although certain conditions apply (as per the Krishna Jewellers model). Here’s the breakdown:

• Adults (18+ years)
  You must be a major individual to enrol; minors are generally not eligible.
  
  

• Persons who wish to plan jewellery purchases
  If you have an upcoming event (wedding, anniversary, festivals) or simply want to accumulate gold in a disciplined way, this is ideal.
  
  

• People care comfortable with monthly commitments
  Because the scheme demands timely monthly instalments (no skips or carry forwards), you should be able to commit to regular payments.
  
  

• Those who don’t wish or can’t make a large one-time gold purchase
  If a lump sum is difficult, this scheme makes gold more accessible and less burdensome.
  
  

• Individuals who accept the terms
  You should be willing to abide by the terms: no early withdrawal (without losing benefits), full compliance to get the bonus, etc.
  
  

• Nominee option
  The scheme allows you to appoint a nominee (with required KYC).

Final Thoughts

The Precious Future Gold Scheme, modelled after Krishna Jewellers’ Kanaka Vruksham Plan, presents a balanced, disciplined, and rewarding approach to acquiring gold. Rather than being a one-time gamble on market timing, it encourages consistent savings, gives you a bonus, and delivers gold securely at maturity.

If you plan ahead, adhere to the terms, and choose the right instalment amount you can comfortably sustain, this scheme could be a powerful tool to turn your golden dreams into a gleaming reality.