JP Thangamaligai 11-Month Advanced Jewellery Purchase Plan
About This Scheme
Advanced jewellery purchase plan with gold rate lock-in, 100% wastage waiver, and GST benefits. Pay any amount upfront and secure your gold weight at today's rate for 11 months.
Key Features
Duration
11 months
Minimum Amount
₹1,000.00
Bonus on Maturity
10.00%
Payment Frequency
Monthly
Scheme Type
Gold purchase
Terms & Conditions
**JP Thangamaligai 11-Month Advanced Jewellery Purchase Plan**
**Plan Duration:** 11 Months (331 Days)
**Payment Method:** One-time advance payment (any amount), via Cash/Cheque/DD/App
**Gold Rate Lock-in:** Yes û 22kt (916) weight is locked based on board rate on payment day
**Purchase Eligibility:** On or after the 331st day
**Key Benefits if Completed (Day 331 or after):**
ò Gold Weight Locked at day-of-payment rate
ò 100% Wastage Waiver up to 15% VA on reserved gold weight
No GST on reserved gold weight
Flexible Payment û any amount, any time (single or multiple)
Old Gold Conversion allowed (converted to 916 equivalent and credited)
**Terms for Early Redemption:**
<150 Days: No benefits. Full wastage + making + GST apply
150û330 Days: 50% wastage discount only. Making & GST apply
**Extra Purchases Beyond Reserved Weight:**
All charges (wastage, making, GST) apply on additional gold weight.
**Plan Duration:** 11 Months (331 Days)
**Payment Method:** One-time advance payment (any amount), via Cash/Cheque/DD/App
**Gold Rate Lock-in:** Yes û 22kt (916) weight is locked based on board rate on payment day
**Purchase Eligibility:** On or after the 331st day
**Key Benefits if Completed (Day 331 or after):**
ò Gold Weight Locked at day-of-payment rate
ò 100% Wastage Waiver up to 15% VA on reserved gold weight
No GST on reserved gold weight
Flexible Payment û any amount, any time (single or multiple)
Old Gold Conversion allowed (converted to 916 equivalent and credited)
**Terms for Early Redemption:**
<150 Days: No benefits. Full wastage + making + GST apply
150û330 Days: 50% wastage discount only. Making & GST apply
**Extra Purchases Beyond Reserved Weight:**
All charges (wastage, making, GST) apply on additional gold weight.
Early Withdrawal: This scheme allows early withdrawal with a penalty of 50.00% on the interest earned.
Scheme Summary
Bonus:
10.00%
Payment:
Monthly
Duration:
11 months
Download Our App to Enroll
Enrollment is currently available only through our mobile app. Please download the app to continue.