Gold rates are on a constant rise and have proved to be a good investment. Gold is sought after not just for its value but for its appeal, malleability and the fact that it plays an important part inauspicious occasions. Nathella offers a scheme that enables customers to afford the jewellery that seems out of reach while they also protect themselves from fluctuating rates.
Features and Benefits
- The minimum monthly investment required is Rs.1,000 and in multiples of Rs.1,000 thereafter.
- The scheme has a tenure of 11 months.
- Customers receive free gifts with every enrollment.
- The benefits of this scheme include no making charges and no wastage charges.
- After 2 weeks from the last payment, the customer is eligible to redeem the amount for jewellery.
- 0% Value Addition benefit is applicable on plain gold jewellery.
The following categories of jewellery are not eligible for purchase under this scheme:
- Special jewellery
- Silver Articles
Modes of Payment
Payment must be made before the 10th of each month. Customers cannot make combined payments for multiple months. The different modes of payment are listed below:
- Payments can be made in cash at any Nathella Jewellery showroom.
- Demand draft and local cheques made in favour of Nathella Sampathu Chetty & Co.
- If any other mode of payment is used, the management will not be responsible.
- At the time of redemption, the customer must produce a photo identity.
- All the payments made towards this scheme should be registered in the JPP pass book.
- Under any circumstance, if there is a discrepancy in the passbook, this should be rectified immediately by bringing it to the management’s notice.
- All legal issues fall under the Chennai jurisdiction.
- If the customer defaults on payments, then the 0% value addition benefit will not be applicable. Furthermore, if any gifts were given, the value will be deducted from the amount accumulated.
- VAT plus other taxes will be borne by the customer.
Prices of gold are always fluctuating. The advance purchase scheme from Nathella helps even out the fluctuations and customers can benefit from lower rates. Nathella offers a number of benefits with this scheme that include free gifts, no making charges, and no wastage.
Also Know About the other Gold Schemes by Banks
|Andhra Bank Gold Schemes||Axis Bank Gold Schemes||HDFC Gold Schemes|
|ICICI Gold Schemes||IDBI Bank Gold Schemes||Indian Bank Gold Schemes|
|PNB Gold Schemes||SBI Gold Schemes|