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Anagh Pal
27 Sep 2023, 07:21

Gold savings schemes may sound lucrative but make little financial sense

Gold savings schemes may sound lucrative but make little financial sense

Gold savings schemes may sound lucrative but make little financial sense

Gold savings schemes offered by jewellers allow customers to invest in gold through monthly instalments. They typically run for 11 months, with the 12th instalment being free. Customers make fixed monthly payments, and at the end of the scheme, they can purchase gold jewellery or items equivalent to the total amount saved. Others might offer discounts on making charges when purchasing jewellery.

Gold savings schemes may sound lucrative but make little financial sense
Anagh Pal
27 Sep 2023, 07:15

Gold savings schemes may sound lucrative but make little financial sense

Gold savings schemes offered by jewellers allow customers to invest in gold through monthly instalments. They typically run for 11 months, with the 12th instalment being free. Customers make fixed monthly payments, and at the end of the scheme, they can purchase gold jewellery or items equivalent to the total amount saved. Others might offer discounts on making charges when purchasing jewellery.

Home loan tax deductions: Self-occupied vs rented, the differences
Anagh Pal
25 Sep 2023, 11:51

Home loan tax deductions: Self-occupied vs rented, the differences

Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it is a big ticket purchase, one more often than not needs to take a loan to purchase.Tax deductions on home loans provide an incentive to people to purchase their own home. We take a look at how home loan tax deductions work in different situations and other rules.