You can read my previous posts to under to understand further.
As I had said earlier , I had invested in the scheme myself around four months back
However , there are a few issues I have faced which recently made me change my mind and get a refund for my account.
While the scheme is great , Tanishq is not making it easy for people to ensure that they pay their money on time.
In the first installment when you become a member they do not accept an ecs transfer. They can do this only the next time that you come.
They do however accept Pdc but when you go to tannish who carries a cheque book?
so in order to get the money paid one needs to visit at least a couple of times to get things settled.
Two other factors also created issues for me .
Gold prices are not going to stop going down. Gold has gone up some 19% in the last six months so obviously the 10% return that tanishq is giving is way behind the market rates . Even banks now are giving much higher on fd. In a recent article in the ET it was expected that gold will move to 2000$ by the end of the year. So it is better to buy now than wait for another one year.
So yesterday I withdrew my deposit and bought a gold coin
Evaluate what you think makes sense for you and execute the action
Happy investing
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