Saravana Stores Gold Schemes

Saravana Stores offers two jewellery saving schemes that help customers purchase the jewellery they desire in easy advance installments. Save now to buy gold in the near future. The schemes are available for 11 months. The customers are free to choose their investment amount according to their convenience and affordability.

Jewellery Saving Scheme

The Jewellery Savings Scheme enables customers to save in fixed advance installments. Saravana gives these individuals a bonus of one month’s contribution at the end of the scheme.


  • Customers can invest according to their convenience in installments of Rs.1,000, Rs.2,000, Rs.4,000 and Rs.8,000.
  • The installments must be every month for 11 continuous months.
  • Saravana will contribute one installment at the end of the term.
  • In the 12th month, the customer can buy jewellery of their choice.
  • A large variety of gold, platinum, diamond, and silver jewellery, silver articles and gift articles are eligible for purchase.
  • VA and making charges will be applicable.


Monthly investment Total investment Incentive Total value
Rs.8,000 Rs.88,000 Rs.8,000 Rs.96,000
Rs.4,000 Rs.44,000 Rs.4,000 Rs.48,000
Rs.2,000 Rs.22,000 Rs.2,000 Rs.24,000
Rs.1,000 Rs.11,000 Rs.1,000 Rs.12,000


  • The payments should be made by the 10th every month.
  • Customers can pay for only one month. Payments for multiple months cannot be clubbed together.
  • In case the customer defaults in any month, then the tenure will be extend. Only once all 11 months’ installments are completed, then the customer is eligible to redeem the amount for jewellery.
  • The benefit will be applicable only after 11 installments are completed.
  • The modes of payment accepted are:
    • Cash
    • Demand Draft or Cheque made in favour of “Saravana Stores Thanga Nagai Maligai”
    • Debit and Credit Card

Important Information

  • A passbook will be issued upon joining which must be kept up to date.
  • If there is any discrepancy in the passbook, this should be brought to the notice of the Chit section of Saravana and be rectified as soon as possible.
  • Cash payments and cash refunds are not allowed.
  • Customers can only purchase jewellery and articles under this scheme.
  • If the customer wishes to terminate the scheme before the maturity date, then they can purchase jewellery for the amount accumulated. If the customer defaults for three consecutive months, the scheme will automatically be terminated, no incentive will be granted. The customer can buy jewellery for the amount accumulated.
  • VAT will be borne by the customer.

My Gold Savings Scheme

This scheme offered by Saravana Stores is a unique gold scheme where customers can contribute to their fund in grams of gold. They can contribute to the fund as many times they want but at least once a month.


  • Customers can join this scheme and contribute towards their gold fund.
  • You can pay the rate of 22 karat gold that is prevailing on that day.
  • Up to 8 grams can be contributed per month.
  • The minimum credit is 0.5 grams.
  • Contributions can be made in denominations of 0.5 grams, 1 gram, 2 grams, 4 grams and 8 grams.
  • Contributions can be made on any day and as many times as you like.
  • At least one monthly installment must be made for 11 months.
  • After 30 days from the last installment paid, the value can be redeemed in 916 gold jewellery.
  • Wastage charges are only up to 12%.
  • In case the customer chooses an ornament that has inseparable excess weight, then the price of the excess weight will be the prevailing rate on that day plus average wastage charges and VAT.

Important points

  • Cash refund is not allowed.
  • Platinum, Diamond, Silver and Gift Articles cannot be purchased under this scheme.
  • For precious stones, corals and pearls on the ornament, charges will be extra.
  • For special nagas ornaments, making charges will be applicable.
  • A passbook will be issued upon joining which must be kept up to date.
  • If there is any discrepancy in the passbook, this should be brought to the notice of the Chit section of Saravana and be rectified as soon as possible.
  • The management will bear 1% VAT. Any increase in VAT above 1% will be borned by the customer.

Gold is a safe haven investment as the value of the yellow metal only rises with time. Saravana Stores Gold Schemes offer incentives to customers to save towards gold purchases. Its unique scheme helps customers even out fluctuating gold rates and get the best price for their investment.

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

Also Know About Gold Schemes by Jewellers

Tanishq Gold Schemes Kalyan Jewellers Gold Schemes Malabar Gold Schemes
GRT Gold Schemes Lalithaa Jewellery Gold Schemes Bhima Jewellery Gold Schemes
PNG Jewellers Gold Schemes Prince Jewellers Gold Scheme Nathella Gold Schemes
Jeyachandran Gold Schemes
Gold Rate In Metro Cities
Gold Rate In Other Capitals
Gold Rate In Other Major Cities
Gold Rate In States
Bank Gold Schemes

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