Thanga Mazhai Saving Scheme
Terms & Conditions for Thanga mazhai Saving Scheme:
Thanga mazhai savings scheme is a fixed amount 15 months scheme. Under this scheme members can avail an attractive gift at the time of joining and after completion of 15 months they can avail half installment amount as bonus on the total amount remitted.
1. The monthly subscription amount to be paid by cash / credit or debit card / online payment every month on or before 10th, continuously for 15 months. The installments cannot be carried over or paid in advance
2. Subscribed member is eligible for gift article or cash incentive.
3. After having paid the subscription continuously for 15 months, on the subsequent 16th month the member is eligible to purchase 916 EXP Gold or Silver Jewels with additional half installment amount as bonus on the total amount paid. No cash payments will be made.
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.
5. With respect to members who discontinue from the scheme before completion of 15 months. 1st instalment paid will be deducted from the total amount so far paid by them and for the balance amount they can buy Gold or Silver Jewels.
6. This scheme is unique to its subscribers and cannot be linked with any other offers which are either existing or going to be introduced.
7. Gold coins will not be issued under this scheme.
Group (15 months) | 10000 /- | 5000 /- | 2500 /- | 1000 /- | 500 /- |
Example :
Cash Incentive / Gift Articles | Bonus | Benefit | Maturity Value after 15 Months |
---|---|---|---|
8000 /- | 5,000 /- | 13,000 /- | 1,55,000 /- |
4000 /- | 2,500 /- | 6,500 /- | 77,500 /- |
2000 /- | 1,250 /- | 3,250 /- | 38,750 /- |
800 /- | 500 /- | 1,300 /- | 15,500 /- |
400 /- | 250 /- | 650 /- | 7,750 /- |