Prince Jewellery Gold Savings Scheme - Swarna vaibhav
Swarna vaibhav is one of the intelligent gold saving schemes from Princes Jewellery; this scheme makes you to invest in gold in the smartest potential way. You can directly buy grams of gold every month and
it’s added to your account as monthly installment instead of buying them at the end of maturity amount.
The minimum eligible amount to open an account in this scheme is Rs.1000 or in multiple of Rs.1000 and
the scheme tenure is 15 months.
Payment can be done by cash, DD, MO, ECS, Cheques payable at Chennai or through online. Investment
is according to the gold price in Chennai regardless of the place of account maintained.
Debit or credit cards can also used for payment, bank charges collected if any. Installment should be paid
on or before 10th of the respective month.
Every month you can buy grams of gold from your monthly installment amount and it will be added to
your account. Instead of adding the amount and buying gold of the end of maturity amount, it’s possible
to buy gold directly and add in your account
|Gold weight accumulated||50 gms||50 gms||50 gms||50 gms|
|accumulated Plain old Jewellery selected||50 gms||70 gms||70 gms||70 gms|
|Difference in weight||Nil||20 gms||20 gms||20 gms|
|Actual Jewellery wastage (VA)||18%||18%||12%||22%|
|Difference in Wastage (VA) to be paid by customer||Nil||18% on 20 gms||12% on 20 gms||4% on 50gms + 22% on 20gms|
|VAT* (up to weight accumulated)||Nil||Nil||Nil||Nil|
The main advantage of the scheme, you can purchase gold has no wastage up to 18% only for plain gold
Jewellery and No Making charges.
The minimum eligible amount to open an account in this scheme is Rs.1000/- or in multiples of
Rs.1000 the tenure is 15 month.
For more details www.princejewellery.com