Tanishq offers a variety of payment and financing options for customers they purchase jewellery.
Recognising the need for flexibility in payment methods, the retailer aims to accommodate a wide range of budgets and preferences.
You can see Tanishq’s page about financing options here, or we’ll also provide a plain-English summary in this article.
Tanishq Finance Options
If you’re thinking about purchasing jewellery from Tanishq, the Golden Harvest Scheme offers a flexible way to finance your purchase by saving up over time. This scheme allows you to make monthly deposits for a set period and rewards you with a discount when you redeem your savings for jewellery.
To get started, you can open a Golden Harvest account through Tanishq’s website, app, or by visiting any of their 350+ stores. Once your account is set up, you’ll make monthly payments for 10 months, with a minimum deposit of ₹2000. If you wish to contribute more, you can pay in multiples of ₹1000.
After you’ve completed the 10 months of payments, you’ll be able to redeem your savings in the 13th month, with a special discount of up to 75% of the value of your first instalment. For example, if you contribute ₹10,000 per month, you’ll save ₹100,000 over the 10 months, and when you redeem it, you’ll receive a total value of ₹107,500.
This scheme doesn’t include interest rates or fees, making it a great way to save for a purchase without added costs. The payments are more like a structured savings plan, ensuring that you gradually build up the total amount needed for your jewellery.
Tanishq Payment Options
Tanishq offers a range of payment methods to make your jewellery purchase convenient, whether you’re buying directly or saving through the Golden Harvest Scheme. Payments can be made in cash if you visit one of Tanishq’s stores, but there are also online options for those who prefer digital transactions.
For online payments, Tanishq accepts ACH (Automated Clearing House) transfers, as well as standing instructions that allow you to automate your monthly contributions. This ensures you won’t miss a payment if you’re enrolled in the Golden Harvest Scheme. If you prefer, you can also use post-dated cheques, which allow you to schedule future payments in advance without having to manually handle each instalment.
Tanishq hasn’t mentioned any fees for these payment methods, but it’s always a good idea to check directly with them if you’re considering paying by cheque or setting up automated transactions.
Other Things You Should Know About Tanishq’s Financing Options
Tanishq’s Golden Harvest Scheme differs from traditional financing options because it’s more of a savings plan rather than a loan or credit-based option. There are no interest charges, meaning you only pay what you’ve deposited, plus you receive the added benefit of a discount when it’s time to redeem your savings.
However, it’s important to remember that you’ll need to make all 10 payments and can only redeem your savings after the 13th month. This fixed period might not suit you if you’re looking for more immediate access to your jewellery or a shorter payment schedule. Additionally, while Tanishq’s website doesn’t provide specific information on international payments, their options seem to be primarily focused on Indian customers. If you’re shopping from outside India, it’s best to check with Tanishq about whether the Golden Harvest Scheme or their other payment methods can be used internationally.
Setting up a Golden Harvest account is designed to be straightforward, and you can manage your payments easily, either online, through the app, or by visiting a Tanishq store. This gives you flexibility and control over how you save and manage your jewellery purchase over time.
Where to apply for Tanishq financing
Learn more and apply at on the Tanishq website here
