Just started the glow scheme a month back, a few pointers -
1. You cannot renew the scheme - at the end of the scheme period you will have to buy something within a couple of months - since the cost is averaging you kind of have a rough estimate of how much gold you'll end up with so you'll have to plan accordingly. Depending on what we are actually getting we'll have to buy a little bit extra gold (with full making charges) or if we're rounding of to the lower value - if I'm not wrong they'll give cashback (without any interest earned)
2. Basic chains were around 13%, for rings and finer jewelry it ranged from 16% to as high as 26%
They also have a third scheme in which you can pay upfront and lock gold at current price and redeem later at 11 months with making charges waived off up to a certain %.
@Adith Which jewelry did you get and what were the making charges you had to pay when redeeming, if any?