Go Gold Saving Scheme
Terms and benefits:
In the Go Gold Saving Scheme, you can pay according to the 22ct Gold rate on that day, credit in your account in terms of Gold weight in 0.5 Gm,1 Gm, 2 Gms, 4 Gms and 8 Gms.
Every month at least once you have to fix your Gold and pay for 11 months. You can credit once in a month.
After 30 days from the date of 11th month installment paid, you can collect your Gold in the form of 916 Gold Jewellery without wastage.
Those who pay continuously for 11 months will be benefited and therefore defaulting members would become eligible for the benefit after they have paid all the 11 installments.
Cash will not be refunded on any circumstances. There will not be any interest for your money.
After the maturity period if the purchased Gold ornaments having different wastage and inseparable excess weight, Customer should pay the average wastage for the excess Gold weight and the gold price on that particular day with GST.
For example if you are saving 40 grams gold in 11 months.
| Ornament | Weight | Wastage | Extra Weight | Extra Wastage |
|---|---|---|---|---|
| Chain | 16 Gms. | 6% | 10 Grams | 10.80% Additional Weight Wastage |
| Casting Neckless | 24 Gms | 14% |
If the customer purchases the gold ornaments less than the maturity weight. Then the balance wastage value should not be adjustable or refundable.
You cannot purchase Diamond, Platinum, Silver, Gift articles, Precious stones, Nagas ornaments, Pearl and coral under this scheme.
Payment also accepted by Debit card / Credit Card.
GST as applicable.
Members can pay installment through online (www.saravanaonline.com) if any enquiry about this please call Chennai Branch – 8939800629, Madurai Branch – 8939800229, Tirunelveli Branch – 8939800680 and Coimbatore Branch - 8939800680.
Members can pay installments at any of our branches – Chennai, Madurai, Tirunelveli & Coimbatore