Jewellery Saving Scheme Saravana Store Chennai
The Scheme enables customers to invest their monthly savings and get the accrued amount to purchase Gold Jewellery.
Four groups are introduced – (Viz.) Rs. 500/-, Rs. 1000/-, Rs. 2000/-, Rs. 4000/-
Members who wish to join the scheme have to subscribe Rs.500/-, Rs.1000/-, Rs.2000/-. Rs.4000 (as instalment) every month, according to the group chosen continuously for 11 (Eleven) Months. On the beginning of the 12th (Twelve) Month members will be permitted to buy Gold / Diamond / Platinum/ Silver Jewellery or Silver / Gift Articles of their choice with applicable VA/MC (Value addition & Making charges) for the value as stated below:
Saving Scheme Benifites
- 11 months continuously without default.
- Member will be issued with a Pass Book.
- Members making online remittance can get their pass book entries.
Scheme Detials
| Monthly Instalment | Total Amount Payable | Incentive | Value of Gold Jewellery Eligible to buy (12 Month) |
|---|---|---|---|
| Rs.500 | Rs.5500 | Rs.500 | Rs.6000 |
| Rs.500 | Rs.5500 | Rs.500 | Rs.6000 |
| Rs.2000 | Rs.22000 | Rs.2000 | Rs.24000 |
| Rs.4000 | Rs.44000 | Rs.4000 | Rs.48000 |