Gold Weight Savings Scheme
Please understand the monthly payment, gold-weight accumulation and jewellery redemption conditions.
Customers can enrol by selecting one of the following monthly payment options:
The scheme will continue for a period of 15 months.
The total duration of the scheme is 15 months.
The scheme will end 30 days after the final payment is made.
If the customer terminates the scheme before completion:
A reduction of 50% to 75% in wastage charges will be applied on the purchase of gold after all payments for the 15-month scheme have been completed.
The exact reduction depends upon the jewellery design.
Gold weight accumulation under the Golden Returns scheme will be calculated based on the prevailing market rate on the payment due date.
A physical receipt or SMS confirmation for payments must be presented along with a valid identity card when redeeming gold.
GST will be applicable on the gold accumulated under the scheme.
Any legal disputes related to the scheme will fall under the jurisdiction of the Ramanathapuram District Court.