Chitscheme
| Scheme 1 | |||
| S.No | Quantity | Quantity at the end of 20 months | Gift value to be received at the end of 20th month |
| 1. | 100 mg | 2gms | Rs.150 |
| 2. | 200mg | 4gms | Rs.300 |
| 3. | 300mg | 6gms | Rs.450 |
| 4. | 400mg | 8gms | Rs.600 |
| 5. | 500mg | 10gms | Rs.750 |
| 6. | 1gm | 20gms | Rs.1500 |
| 7. | 2gms | 40gms | Rs.3000 |
Rules & Regulation
- Choose the best gold savings scheme listed above and get the gold worth of the weight given for the respective plan.
- No making charges. No Tax. No Wastage.
- The minimum plan starts with 100mg. The gram you purchase for the first month has to be followed upon for all the 20 months of the scheme.
- Your policy matures on the 21st month. You are eligible to buy only gold under this scheme.
- All the members who are joining the scheme will be issued a scheme book at date of joining. Please ensure to make an entry in the scheme book every time you pay the instalment. If it’s not entered, the member should inform the manager and get it done.
- The Purchaser of the jewel has to have the Scheme book with him/her at the time of purchase. It can be the member or someone who the member refers.
- This scheme is only for jewelry. Cash will not be refunded
- Based on the plan you choose, you have to pay the money for the given quantity on that specified date. This rule follows for all 20 months. All payments are due on or before 15th of every month.
- Jewels can be purchased by the 21st month. 30 days has to be completed after making the payment to be eligible to buy the jewellery.
- If a member discontinues/quits the scheme at any time he is eligible to purchase gold only after the 30 days of last payment made; Cash will not be refunded.
- Payment can be made through cash, cheques or DD. Cheques can be post dated. Foreign country cheques are not accepted.
- Under any circumstances payments cannot be made twice a month. If you failed to make payment for a month, then the subsequent month payment has to be started on a regular basis.
| Scheme 2 | ||||||
| Group | Amount | Months | Total Amount | Incentive | Total Amount | Gift Value |
| VPA | 100 | 12 | 1200 | 150 | 1350 | 100 |
| VPB | 200 | 12 | 2400 | 300 | 2700 | 200 |
| VPC | 300 | 12 | 3600 | 450 | 4050 | 300 |
| VPD | 500 | 12 | 6000 | 750 | 6750 | 400 |
| VPE | 1000 | 12 | 12000 | 1500 | 13500 | 800 |
- This 12 month scheme starts from as low as Rs.100.
- All payments are due on or before 10th of every month. Only Cash payments are accepted.
- Members are eligible to buy gold only by 13th month.
- On maturity, members can buy gold for the worth of the money deposited on the scheme or can buy more paying the excess balance amount. Members are never allowed to buy quantity lesser than their deposited amount. Cash will never be returned.
- The Purchaser of the jewel has to have the Scheme book with him/her at the time of purchase. It can be the member or someone who the member refers. Rate of the gold is calculated on the market price on the date of purchase. Tax will also be calculated.
- If a member discontinues/quits the scheme at any time he is eligible to purchase gold only after the scheme expires; Cash will not be refunded.
- If a member is unable to pay his instalments, he has to wait till the period of the scheme ends to get his money worth of gold.
- All the members who are joining the scheme will be issued a scheme book at date of joining. Please ensure to make an entry in the scheme book every time you pay the instalment. If it’s not entered, the member should inform the manager and get it done. The management own all rights to alter or modify the schemes.
- This is a Gold Savings scheme. Cash will never be reimbursed. Defaulters will be denied interest for the amount deposited.
