Gold has been an integral part of Indian culture and traditions for centuries. It is considered a symbol of prosperity and wealth, and owning gold is a matter of pride for many Indians. However, investing in gold can be a challenging task, especially with the fluctuating prices and tax implications.
Goldsikka's Gold Suvidha Accumulation Plan provides a smart and safe way to accumulate gold without worrying about these challenges. The plan allows individuals to purchase gold in small denominations regularly, thereby avoiding the burden of a lump-sum purchase.
The Goldsikka Gold Suvidha Accumulation Plan has several benefits, including flexibility, affordability, and tax exemption. These benefits make it an attractive saving option for individuals who want to accumulate gold for the long term.
In India, taxes on gold are regulated by the government's income tax department. The Central Board of Direct Taxes (CBDT) has issued instructions directing its officials not to seize any gold ornaments and jewellery up to a certain limit from individuals based on their gender, marital status, and relationship as a family member of the person being subject to the tax raid. However, anything kept beyond these limits without required income proof will be subject to investigation and possible seizure.
However, it is important to note that married women in India can keep up to 500 grams of gold jewellery and ornaments, without any proof, according to an income tax notification dated May 11, 1994. For unmarried women, the maximum amount of physical gold they can keep at home is 250 grams. Men are only allowed to keep up to 100 grams irrespective of their marital status. Anything kept beyond these limits without the required income proof will be subject to investigation and possible seizure.
Gold coins and bars can be seized even if they fall within the specified limit if there are no necessary documents to prove their acquisition, according to Chartered Club, a tax-related information platform. These tax implications can make investing in gold a risky proposition for individuals.
However, Goldsikka's Gold Suvidha Accumulation Plan is exempt from taxes, making it a safe and smart way to accumulate gold without worrying about tax implications.
The Goldsikka Gold Suvidha Accumulation Plan has several benefits that make it a popular saving option among individuals.
Affordability: The plan allows individuals to purchase gold in small denominations, making it an affordable purchase option for everyone.
Flexibility: The plan is highly flexible, and individuals can choose to purchase in any amount they prefer. There is no fixed amount as the minimum is INR 100 and the maximum amount of purchase is as per your will.
Ease of purchase: Individuals can purchase gold through the Gold Suvidha Accumulation Plan either online or offline, making it an easy and convenient saving option.
Guaranteed purity: Goldsikka guarantees the purity of the gold purchased through the Gold Suvidha Accumulation Plan. The gold is hallmarked, ensuring that the purchase is of the highest quality.
No storage hassles: Goldsikka takes care of the storage of the gold purchased through the Gold Suvidha Accumulation Plan, eliminating the need for individuals to worry about storage and security.
The Gold Suvidha Accumulation Plan works on a simple principle - individuals can purchase gold in small denominations regularly, thereby accumulating gold over time.
To enrol in the plan, individuals need to visit the Goldsikka website and register themselves. Once registered, they can start saving in the plan by choosing the amount they want to save and the frequency of savings.
Payment options: Individuals can choose from a range of payment options, including bank transfer, credit card, debit card, or UPI.
Delivery options: Goldsikka offers multiple delivery options for the gold purchased through the Gold Suvidha Accumulation Plan. Individuals can choose to get the gold delivered to their doorstep or pick it up from Goldsikka's office.
Redemption options: Individuals can redeem the gold purchased through the Gold Suvidha Accumulation Plan once they reach a specific threshold. They can choose to get the gold delivered to their doorstep or pick it up from one of Goldsikka's partner stores.
Purity is a critical factor to consider when purchasing gold. The purity of gold determines its value and authenticity. Therefore, it is essential to ensure that the gold purchased is of high quality and purity.
Goldsikka ensures the purity of the gold purchased through the Gold Suvidha Accumulation Plan by sourcing it from trusted suppliers who adhere to strict quality control measures. The gold is hallmarked, ensuring that it is of the highest quality and purity.
Importance of purity in gold purchase: Saving on pure gold is crucial as it ensures that the purchase is of high quality and value. Purity also determines the resale value of the gold, making it essential to save in pure gold.
What is the minimum saving amount? What are the payment options? Is the gold purchased through the plan insured? Can the gold be delivered outside India? How is the gold stored? What are the redemption options?
Here are the answers to some of the frequently asked questions about Goldsikka's Gold Suvidha Accumulation Plan:
What is the minimum saving amount? The plan is highly flexible, and individuals can choose to purchase in any amount they prefer. There is no fixed amount as the minimum is INR 100 and the maximum amount of purchase is as per your will.
What are the payment options? Individuals can choose from a range of payment options, including bank transfer, credit card, debit card, or UPI.
Is the gold purchased through the plan insured? Yes, the gold purchased through the plan is insured, ensuring that the purchase is safe and secure.
Can the gold be delivered outside India? No, the gold purchased through the plan can only be delivered within India.
How is the gold stored? Goldsikka takes care of the storage of the gold purchased through the Gold Suvidha Accumulation Plan, eliminating the need for individuals to worry about storage and security.
What are the redemption options? Individuals can redeem the gold purchased through the Gold Suvidha Accumulation Plan once they reach a specific threshold. They can choose to get the gold delivered to their doorstep or pick it up from one of Goldsikka's partner stores.
Goldsikka's Gold Suvidha Accumulation Plan is a smart and safe way to accumulate gold without worrying about tax implications, purity, and storage. The plan is highly flexible, affordable, and convenient, making it an attractive saving option for individuals who want to accumulate gold for the long term.
saving in gold is an excellent way to diversify one's portfolio and protect against inflation. Goldsikka's Gold Suvidha Accumulation Plan is a great option for individuals who want to save in gold without the burden of a lumpsum purchase or worry about the purity and storage of the gold.
The plan offers multiple benefits, such as flexible amounts, flexible payment options, insured delivery, and secure storage. It is an affordable and convenient way to accumulate gold, making it an excellent saving option for individuals who want to save in gold for the long term.
Moreover, the plan also provides a way for individuals to protect their wealth and savings against economic uncertainties and inflation. Gold has always been a reliable option, and with Goldsikka's Gold Suvidha Accumulation Plan, individuals can save in gold without any hassle or worry.
In conclusion, Goldsikka's Gold Suvidha Accumulation Plan is an excellent option for individuals who want to save in gold for the long term. The plan offers multiple benefits, such as flexibility, affordability, and convenience, making it a smart and safe way to accumulate gold. With Goldsikka's commitment to quality, purity, and security, individuals can rest assured that their purchase/saving is safe and secure.
Tollfree No : 1800 8906 122
Phone : 040 4013 7575
Phone: 040-2322 2175
Whatsapp No : 91600 06724
Email : info@goldsikka.com
Store Locator
Central Registry of Securitisation
Asset Reconstruction and Security
Interest of India - KYC Identifier No : 90044129091284
CIN No : U51909TG2019PLC130903
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TAN No : HYDG18885G
GSTIN No : 36AAHCG7082N1ZZ
IEC No : AAHCG7082N
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Gold Code : 10882GL01
Silver Code : 10882SV01
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Goldsikka Limited #3-5-573, Himayatnagar ,
Hyderabad, Telangana,
500029 India.
Goldsikka Limited 2nd Floor, Ashoka Raghupathi Chambers , H.No. 1-10-60 , Adj to Prakash Nagar Metro Station, Begumpet, Hyderabad, Telangana, 500016 India.
Goldsikka Limited 1st Floor, #3-5-171/1/2, Narayanguda Near Melkote park, Hyderabad, Telangana 500029 India.
Shop No. 01 H No 21-6-60, Mehndi Galli, Ghansi Bazar, Charminar, Hyderabad Telangana 500002 India