Anyone here used Malabar Gold monthly saving/investment schemes?
Yesterday I talked with a staff member from Malabar Gold (UAE) about one of their monthly gold schemes. She explained that if I pay around 200 AED every month, they will convert that amount into gold based on the current gold rate and keep adding it monthly, and later I can take the gold or jewellery.
Just wanted to know if anyone here has actually used these kinds of schemes in kerala or any NRI. Was it worth it for you? Were there any hidden conditions or high making charges at the end? Also wondering what happens if you miss payments and whether taking coins/bars is better than jewellery through these plans.