RMJ Mannswarna Gold Scheme
The RMJ Mannswarna Gold Scheme is a gold booking scheme
which entitles the individual to book grams of gold and redeem them against
gold purchases. Under the scheme, the individual is required to make a deposit
every month for 14 months, with the amount converted into gold grams based on
the prevailing gold rate at the time of the deposit being made.
The total amount at the
end of the 14 month period can then be used to buy jewellery against the value
of a gram of gold at the time of purchase..
RMJ Mannswarna Gold Scheme Features:
The individual can save up
for gold purchases by setting aside an amount each month.The individual can
redeem the gold grams bought at the
scheme’s maturity as dependent on the prevailing gold rate.
RMJ Mannswarna Gold Scheme Benefits:
·
Individuals can
save and have a corpus for a gold purchase in the future.
·
100% Making
Charges Off On selected Item.
·
Individuals will
be making deposits and the grams will be calculated on a monthly basis. If the
price of gold rises at the time of redemption, the individual will have a
larger corpus with which to make a purchase.
How it works
·
Interested people can join this
scheme at any time and there are no registration fees.
·
To enroll in this scheme, customers
can walk into Ratna Mani Jewellers store
or avail of the scheme.
·
The scheme has a Minimum tenure
of 424 days and Maximam 848 days & must be closed by purchasing the
ornament selected.
·
At the time of enrollment,
customers will have to select a product, and choose the size, length and
weight.
·
On the 10th of the month, Payment
should be done.
·
After the confirmation, in case
you do not take the selected product, you can walk into the Ratna Mani
Jewellers and buy any product at the price.
·
No making charges are applied.
·
The installment amount will range
between Rs.500 and Rs.40,000 depending on the ornament selected.
·
The installments can be paid in
cash, demand draft or cheque.
·
The scheme closed after paying
the 14th installment.
·
You can visit the Ratna Mani
Jewellers showroom within 20 days, pay any balance pending and collect the
ornament.
·
For online Paymests, you will
have to bear the charges.
·
You will also have to bear VAT
tax and other taxes If Applicable.
·
Cash Cannot Be Return. You Have
to buy Gold Ornaments only/ Selected Product.
·
For gold card {vouchers} holders,
this scheme is not eligible for any points
·
Compulsary Tax Bill Should be
taken
·
Post Dated Cheques In Favour of Ratna Mani
Jewellers
·
If Encashed Via Jewellery Before Maturity Period
Then 50% Making Charges will Be
Applicable
·
Jewellery selected can not
transferable in Gold Coins & Bars
Documents Required
To enroll in the scheme, the
customer must submit the following:
A copy of a photo ID. Accepted
documents include:(any One)
·
PAN card
·
Aadhar Card
·
Passport
·
Driving Licence
2 Photos
The person who closes the scheme
must be the same and must carry the original ID proof.
For those who need to purchase
gold in the near future, for their daughter’s wedding or any other important
event, this scheme is very helpful. Customers can contribute towards purchasing
the item well in advance
Payment must be
made before the 10th of each month.
The different modes
of payment are listed below:
- ·
Cheque
- ·
Demand
Draft
- ·
Pay
Online(Charges Applicable)
- ·
Net
Banking / Neft / IMPS
- ·
Cash
- ·
Patym
/ freecharge /Airtel Payments Bank
- ·
Debit
/ Credit Card (Charges Applicable)
Examples
of Scheme Working
|
Month/Date
|
Current
Rate
|
Amount
|
Gold
|
|
Jan
|
28850
|
5000
|
1.742
|
|
feb
|
29200
|
5000
|
1.712
|
|
Mar
|
28000
|
5000
|
1.785
|
|
Fed
|
28300
|
|
1.766
|
|
At
Time of Maturity (14Months basis)
|
Total:-70000
NET:-24.300
|
