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) Wt 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: