This Karwa Chauth Gift Her Financial Security with Gold Savings Plan

The significance of Karwa Chauth can be understood with the fact that on this day women not only fast the entire day but also pray for the well-being of their partner. While this is their way of letting their husbands know how important they are to them, husbands must also do their bit to express their love and gratitude for all the efforts their wife puts in to take care of them.

Gifting valuables to your partner on karwa chauth is a common practice, so why not thank your better half by giving her something that is rare, valuable and will make her feel financially secured. This festive season, make your wife’s eyes sparkle with Paisabazaar’s Gold Savings Plan – a trusted, smart and affordable way to save in 24K pure gold.

Why Gold Savings Plan?

Most of you must be wondering why you should gift your wife Gold Savings Plan instead of gold jewellery, clothes or any other fancy item. Well, for starters, an ideal gift is the one that adds value to a person’s life and what can serve this purpose better than Gold. Moreover, Indian women love gold. You can gift your wife gold jewellery also but it poses a lot of disadvantages, such as:

• High Cost: Buying gold jewellery that too during festive season might be a little uncomfortable on your pocket due to:
  • Increased gold rate: Gold is commonly bought during the festive seasons, therefore, its rates rises during this time.
  • High making charges: Gold jewellery includes high making charges, which usually varies from 15% to 22% of the gold rate.
  • Lifetime storage costs: Gold jewellery comes with the risk of being lost and stolen. To prevent such situations, people store it in a bank vault, which includes lifetime storage costs in the form of registration fees, etc.
  • Storage Hassles: Storing gold jewellery at home does not ensure safety; therefore it is stored in bank vaults. But getting a bank vault isn’t easy. It usually has a long waiting list. If you are lucky to get a vault, you will have to bear expensive storage charges for your entire life.
  • Selling Issues: People buy gold jewellery mostly because it is highly liquid, which means that it can be easily sold in the market in exchange for money. But it is easier said than done. To get the fair value of your gold jewellery, you must sell it to the jeweller from whom you had purchased it in the first place. You must also present its purchase receipt as proof of your purchase. Selling gold jewellery to another jeweller or without a receipt will force jeweller to make the required deductions; thus making it an unprofitable exchange.
  • Not Value for Money: Gold jewellery costs more than it holds value. This because, the total cost of gold jewellery, includes not only gold rate but also making charges, wastage costs, cost of other amalgamated metals and stones or gems and storage costs. Out of all this only gold has resale value.

Gold Savings Plan overcomes all the above disadvantages. It is that kind of gift that she will cherish for a lifetime. It will help her build wealth consistently and overcome financial tough times at the time of need. There are a lot of other benefits that make Gold Savings Plan better than any other investment option; some of them are listed as follows:

• Regular Savings: Gold Savings Plan will help your life partner make consistent and systematic savings in gold. A disciplined approach towards gold savings can help her build a large corpus in the long run.
• Convenience: Saving in gold through Gold Savings Plan is convenient. It will allow her to make small initial investments without cutting into her budget.
• Online Process: Women, be it working or a housewife, juggle with multiple responsibilities. In such a case, for them, saving through an online process is nothing less than a blessing. Since Gold Savings Plan is entirely an online process, she will not need to visit a centre or wait in long queues for related transactions or alterations.
• Free of Charge: In Gold Savings Plan, your wife can start, stop and restart the ongoing plan online anytime. The best part is that any of the actions will not incur any charges.
• Highly Flexible: In Gold Savings Plan, your wife has full freedom to start, stop or restart the plan. She can do it online anytime she wants.
• No Lock-in Period: Another best feature of Gold Savings Plan is that unlike Fixed Deposit it does not have a lock-in period. This implies that your wife can sell or get the accumulated gold delivered anytime at her will.
• 100% Paperless: Gold Savings Plan is an online process and therefore 100% paperless. No stacks of documents are required to begin saving in gold.
• Easy Way to Save and Build Wealth: Sure you can build wealth with mutual funds and shares but your wife might not be comfortable with the idea of constantly monitoring the market. Gold Savings Plan is an easy way to save in gold and build wealth.

Is Saving in Paisabazaar’s Gold Savings Plan Safe?

Yes, saving in Paisabazaar’s Gold Savings Plan is absolutely safe. Paisabazaar.com is a reputed fintech that has collaborated with SafeGold and launched Gold Savings Plan and Digital Gold – a smart way to buy physical gold. The company understands how important gold is for Indians, especially for women, and aims to make it more affordable and accessible through their online platform. Every rupee you save in Gold Savings Plan at Paisabazaar.com is used to buy certified 24K physical gold. There are no hidden charges and any transaction that takes place has an invoice, which can be downloaded and printed anytime from the platform. Moreover, in case of any doubt or query, a dedicated team of customer representatives is always at your disposal.

How Can She Start Saving in a Gold Savings Plan at Paisabazaar?

To start saving in gold with us, she has to follow these steps:

• Click on the ‘Gold Savings Plan’ from Gold section of Paisabazaar.com’s web/app.
• Select a plan as per your preference and requirements.
• Select whether you would like to save in gold, in rupees or in grams.
• Select how often or frequently you want to save in gold.
• Select for how long you want to save in gold and proceed.
• Select the payment mode.
• Select the start date of your plan and continue.

Once she is done with the above steps, her Gold Savings Plan will be activated. As per the selected plan, an amount will automatically be debited from her saved card/bank account and used to buy gold, which will keep on accumulating in a secured and insured locker till the plan ends. Since there is no lock-in period for Gold Savings Plan, your spouse can anytime sell or get it delivered without incurring any cost. As said earlier she can stop and restart the plan as per her will free of charges. In case of query or any issues in getting started, you can give a call at 1800 208 8877 or drop an email at gold@paisabazaar.com.