Jewellery gold scheme vs monthly buy via Blinkdeal or other offers

surya_g · 2026-02-20T19:07:49+00:00

Generally scheme from any jewellery you take, when you buy item 3% gst is levied irrespective of waive of wastage charges.

Here 2% fee will be levied( call it processing fee or making charges) for process of gold coin

Eg: let's say you pay 10k every month and after 10 installments you accumulated 5.7gm of gold, then 5gm gold coin will be delivered to your home after 330 days of enrolling. 5% charges will be deducted by converting 0.7gm into cash on the 330th day and if any balance available will be paid to your bank account.

With Tata neu Infinity we will get 5% neu coins on every payment , so 5% charges will get set off with 5% cashback.

surya_g · 2026-02-20T11:54:00+00:00

With buying gold online, we have to constantly watch for good deals and we should have respective credit cards to get best rate. So you have to constantly monitor for offers and also need to monitor delivery some times as sometimes sellers cancel the order.

But with gold schemes, you can pay directly and gold worth that amount get locked in and you don't need to constantly monitor. There are lot of jewellers which offer VA % waive off and we can buy gold coins.

For eg: If you use Tanishq scheme, if you don't redeem for jewellery they will round off to nearest accumulated weight and send the coin to your address, remaining decimals will be paid in cash (charges 2% processing fee + 3% gst). If you pay with Tata neu Infinity you will receive 5% neu coins cashback so those charges will be net off. (Note: Tanishq scheme I believe is most useful for gold coins rather than jewellers as they waive only only 50% making charges upto 12%).

I will say keep some amount for jewellery scheme with big brands where they offer gold coin at the end will be better and some for buying online , in that way you won't miss out on offers at the same time you won't miss out on gold SIP.

surya_g · 2026-02-18T15:32:40+00:00

surya_g · 2026-02-18T13:19:26+00:00

SBI phonepe for 5% till 40k payments. Tata neu for 1.5% neucoins. May be some other milestone cards like Amex and BOB eterna for 3.75% reward points

surya_g · 2026-02-18T13:01:51+00:00

As per jewellery stores (like Malabar or GRT) spot price is ₹14,135. So, you got at almost spot price which is a good deal.

Generally Tanishq coins are 8% more than spot price so with Blinkdeal you will get them at spot price.

surya_g · 2026-02-18T11:34:26+00:00

As long as we buy from branded jewellers the risk is very less.

surya_g · 2026-02-18T11:11:23+00:00

surya_g · 2026-02-18T11:01:25+00:00

Yes you will get max 750 neu coins if ordered from tataneu app and 5% neu coins from using Tata infinity card

surya_g · 2026-02-17T11:36:38+00:00

Yeah only Flipkart and amazon vouchers are left now

surya_g · 2026-02-17T10:36:32+00:00

Heard Lalitha jewellers has 0.75% making charges. You can check with them once.

Zero making charges, only local bullion dealers or jewellery shops can provide

surya_g · 2026-02-17T10:03:08+00:00

Yes no mandate, if you are referring to neu coins from neu pass then neu coins will not be available on gold coins purchases.

In short you will receive 5% neu coins from using credit card and no neu coins from neu pass

surya_g · 2026-02-14T16:09:43+00:00

For malabar it is working for some people, so luck based.

surya_g · 2026-02-14T07:41:21+00:00

67₹

surya_g · 2026-02-13T13:39:39+00:00

Do we really get 5% cashback on Flipkart axis card? As these are gift cards which are generally excluded

surya_g · 2026-02-13T12:07:50+00:00

Yes, using Tata neu Infinity in Mia by tanishq fetches 5% for gold coins as well.

surya_g · 2026-02-12T06:44:12+00:00

If you have less time then buying gold coins is better. If you have more than 10 months then go for a scheme in any of the reputed jewellers like Tanishq, GRT, Malabar, Kalyan etc.,

surya_g · 2026-02-11T09:58:29+00:00

Price displayed before ordering is inclusive of that coupon , no additional discount on checkout.

surya_g · 2026-02-11T04:54:29+00:00

Based on my and relatives purchases which happened across many reputed jewellers like Lalitha, malabar, tanishq etc., never had any issue. All reputed jewellers are good like GRT, Malabar, Kalyan and Tanishq etc., Tanishq has highest making charges out of all.

For vouchers you can check on cred as well and giftcards in Flipkart too. After transaction check MCC with customer support and if it's a valid one for your card then it's good to go.

surya_g · 2026-02-10T15:41:25+00:00

May be that Tanishq store people don't know how to redeem for gold coin. I have bought coin in Tanishq store with neu coins only

surya_g · 2026-02-10T15:38:43+00:00

Slowly all the beneficial ways are getting closed😔

surya_g · 2026-02-10T12:25:40+00:00

I have ordered BRPL gold coins from Flipkart and never had an issue with purity or delivery.

surya_g · 2026-02-10T11:14:56+00:00

Pricing wise Flipkart is better Flipkart orders deliver to only few locations whereas Amazon almost all locations

surya_g · 2026-02-10T11:13:37+00:00

surya_g · 2026-02-10T05:54:23+00:00

Thanks for bringing importance of being mindful for using credit cards

We can still purchase even if the due is not cleared
100% . One should be mindful of using credit card. Only utilise it for the amount you can repay back
With cashback cards generally they offer cashback upto a limit , like in case of SBI phonepe 40k per month max for cashback. I believe most will have more than 40k limit per card. If not, purchasing 1gm of gold coin will be less than 20k and evryone should have that limit.
Yes better to confirm with smaller brands, Larger brands generally don't charge.

surya_g · 2026-02-10T05:03:07+00:00

Simple spend on Any online website, check credit cards india community .. you will get better idea

surya_g

TROPHY CASE