Thanga Thean Saving Scheme
Terms & Conditions for Thanga Thean Saving Scheme:
Thanga Thean is a monthly savings scheme based on weight of gold. Under this scheme gold weight will be credited to your account according to the gold rate at the time of remittance. Members after completion of 15 months tenure on 16th month they can purchase gold jewels/coins equivalent to the accumulated weight in thier account without paying for any value addition (Wastage) and making charges.
1. Under this scheme gold weight will be credited to your account according to the prevailing gold rate at the time of remittance.
2. The monthly subscription amount to be paid by cash / credit or debit card / online payment on or before 10th of every month continuously for 15 months. The instalments cannot be carried over or paid in advance.
3. After having paid the subscription continuously for 15 months, on the subsequent 16th month the member is eligible to purchase 916 EXP gold jewels or coins without any wastage (VA) & making charges to the maximum of accumulated weight.
4. Members who are not paying monthly subscription continuously for 12 months will be terminated from this scheme. Defaulting members will be eligible for the terminal benefits only after completion of 15 months duration.
5. Diamonds, Precious & Semi Precious stone studded jewels, Platinum and Silver Jewels cannot be purchased under this scheme.
6. With respect to members who discontinue from the scheme before completion of 15 instalments are not entitled for any of the scheme benefits, but these members can purchase gold or silver jewels for the total amount paid with wastage (VA) & making charges. Cash will not be refunded.
7. This scheme is unique to its subscribers and cannot be linked with any other offers which are either existing or going to be introduced.
Installment Amounts for 15 Months | 10000 /- | 5000 /- | 2000 /- | 1000 /- | 500 /- |
Example :
S.No | Month | Gold Rate(Approximately) | Monthly(Installment) | Weight Of Gold(Grams) |
---|---|---|---|---|
1 | Feb | 2550 | 2000 | 0.784 |
2 | Mar | 2575 | 2000 | 0.777 |
3 | Apr | 2525 | 2000 | 0.792 |
4 | May | 2550 | 2000 | 0.784 |
5 | Jun | 2500 | 2000 | 0.800 |
6 | Jul | 2600 | 2000 | 0.769 |
7 | Aug | 2625 | 2000 | 0.762 |
8 | Sep | 2575 | 2000 | 0.777 |
9 | Oct | 2550 | 2000 | 0.784 |
10 | Nov | 2525 | 2000 | 0.792 |
11 | Dec | 2625 | 2000 | 0.762 |
12 | Jan | 2650 | 2000 | 0.755 |
13 | Feb | 2700 | 2000 | 0.741 |
14 | Mar | 2625 | 2000 | 0.762 |
15 | Apr | 2675 | 2000 | 0.748 |
Total weight: | 11.589 |