Jewellery Purchase Plan allow you to deposit a fixed amount every month for the chosen duration. When the term ends, you can buy gold at a value that is equivalent to the total money deposited, INCLUDING A BONUS AMOUNT This conversion is done at the gold price prevailing on maturity. For the bonus, the amount mentioned in the given table at the end of the duration as a cash incentive is offered.
S.NO | Monthly Amount | Duration | Total Amount Paid | Incentive | Total Maturity Amount |
---|---|---|---|---|---|
1 | 500 | 18 | 9000 | 1000 | 10000 |
2 | 1000 | 18 | 18000 | 2000 | 20000 |
3 | 2000 | 12 | 24000 | 2000 | 26000 |
4 | 2500 | 12 | 30000 | 2500 | 32500 |
5 | 5000 | 12 | 60000 | 5000 | 65000 |
6 | 10000 | 12 | 120000 | 10000 | 130000 |
Every month’s instalment should be paid before 10th of each month.
Maturity amount will not be returned as cash to customers.
Customers can buy gold on the present rate after 30 days from the date of final instalment paid.
Gold coins cannot be purchased using the maturity amount.
In the event of discontinuing from the scheme before the duration, bonus will not be provided.
We strictly follow all the Norms by RBI AND Income Tax Department.
The final decisions of the scheme will be taken by the Thambiyannan jewellery management.