Advance Gold Plus Scheme
Lock today's gold price in advance and protect yourself from future price fluctuations.
What is the Advance Gold Plus Scheme?
The Advance Gold Plus Scheme is Bhima's exclusive plan that allows you to lock both the gold price and weight in advance by paying an initial advance amount. This ensures price stability and shields you from gold price fluctuations.
Tenure & Advance Payment Structure
To join, you need to book a minimum of gold weight. The advance payment depends on the selected tenure:
| Tenure | Advance Payment Required |
|---|---|
| 2 months | 10% of the total gold value |
| 4 months | 20% of the total gold value |
| 6 months | 40% of the total gold value |
| 11 months | 90% of the total gold value |
Benefits of the Scheme
Price Protection: Secure your gold at today's rate.
Flexibility: Choose from multiple tenure options.
Smart Savings: Shield yourself from future price fluctuations.
How to Start Saving
Click the "Start Saving" button.
Enter personal details & nominee information.
Select gold weight (min. 8 grams) and tenure.
Choose a payment method and pay the advance amount.
Scheme Redemption Process
On the maturity date, redeem your locked gold weight. Pay applicable VA (Value Addition) & GST on the total gold weight.
Choose how to collect:
Redeem in the form of jewellery at any Bhima showroom (Madurai, Salem, Trichy, Tirunelveli, Rajapalayam, Dindigul, Noida , Marthandam)
Online shopping at thebhimajewellery.com – delivered to your doorstep
Full benefits apply only on the maturity date. If you miss the maturity date, your gold will be valued at that day's market rate, and you may lose the locked-price benefit. The scheme cannot be closed before maturity; early attempt yields gold equal to payment value at prevailing rate (without benefits).
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Start your savings journey today with the Bhima Jewellery app
Frequently Asked Questions
What is the Advance Gold Plus Scheme?
A gold saving plan where you lock in today's gold price & weight by paying an advance based on your chosen tenure.
What makes this scheme special?
If the price drops, you benefit from the lower price. If the price rises, you still pay the locked-in price.
What are the tenure options?
| Tenure | Advance Payment Required |
|---|---|
| 2 months | 10% of the total gold value |
| 4 months | 20% of the total gold value |
| 6 months | 40% of the total gold value |
| 11 months | 90% of the total gold value |
How do I complete the scheme?
Redeem jewellery from any Bhima showroom (Madurai, Salem, Trichy, Tirunelveli, Rajapalayam, Dindigul, Noida , Marthandam), or order online at thebhimajewellery.com.
Is my personal information safe?
Yes, your personal information is securely stored within your Bhima app.
Is the scheme government-compliant?
Yes, it follows all regulations.
Do I need to pay VA & GST?
Yes, VA & GST apply to both locked and additional weight.
What purity of gold is used?
Only 22kt gold.
Can I convert it into cash?
No, redemption is only in jewellery.
Can I redeem on the exact maturity date?
Yes. To enjoy full benefits, redeem on the maturity date. If missed, gold is calculated at the prevailing market rate.
"Lock your gold price today with Bhima Advance Gold Plus Scheme"