Smart Gold

  • Freedom from making charges and wastage
  • Old jewellery incarnates as trendy one
  • One time investment

Thangamayil

Smart Gold Scheme

  • Freedom from making charges and wastage
  • Old jewellery incarnates as trendy one
  • One time investment

SMART GOLD SAVING SCHEME

As time goes on, just as outlooks and trends change, women are required to update their jewel reserves to stay relevant to modern times. Thangamayil provides a good opportunity for gold investment, in the form of Smart Gold saving scheme.

Salient Features & Benefits

There can be no smarter way to obtain new gold jewellery for an occasion or celebration that is yet to dawn upon you. Sign up for the Thangamayil Smart Gold Scheme today!

  • Leverage the ‘Smart Gold Scheme’ by investing a minimum of 8 grams of your existing gold for a period of 11 months.
  • This is a one time investment
  • You can deposit gold bars / coins / jewellery.
  • Take home the trendiest gold jewellery at zero making and wastage charges(zero GST too!), at the end of this period. What does that leave you with? New gold ornaments at absolutely no expense.
  • The purity of the invested Gold shall be no less than 916 Hallmark. In case the actual purity falls short of the desired value, it has to be purified to meet BIS 916 standards before the same could be deposited in the scheme.
  • New jewellery in the form of 916 Hallmark gold will be handed over only at the date of redemption, for the weight of gold accumulated over the period after complete deduction of wastage & making charges.
  • If a case of prematurity arises, the same gold bars / coins / jewellery pledged at the time of joining the scheme will not be returned back. The customer can purchase new jewellery in any of our showrooms, for the weight mentioned in the order form.

Terms & Conditions

  • Under this plan, the minimum quantity of gold bars / coins / jewellery to be deposited with TMJL by the customer should be a minimum of 8 (Eight) Grams.
  • The customer must claim and take delivery of the equivalent gold offered, on the delivery date or within 30 days thereafter failing which he cannot claim the benefit.
  • If the customer wishes to exit the plan before the delivery date, he/she can do so, only by buying gold ornaments with applicable making and wastage charges.
  • TMJL may, at any time, verify the purity of the gold bars / coins / jewellery on the Carat Meter. For this purpose, TMJL may cut the gold brought in by the customer into several pieces before accepting them. Accordingly, prior to this process, the customer will sign a written document consenting to the verification process, to the potential damage to the gold bars / coins / jewellery so deposited with TMJL and affirming that the customer is the lawful owner of the said gold, in the form provided.
  • If the purity of gold brought in by the customer is not of the required standard, TMJL will, in such cases, have exclusive rights to outrightly reject the gold and return the same to the customer, without direct or indirect liability of any kind on TMJL’s part, which may arise as a result of the aforementioned verification process.
  • Enamels and stone will not be taken for the purpose of calculation.
  • Once the gold bars / coins / jewellery brought in by the customer, for purposes of depositing in the scheme, have been tested and approved by TMJL, the customer will have to fill the necessary forms and complete the necessary documentations, as per TMJL’s policy for the plan.
  • If the customer misplaces the Original Order Form issued, TMJL may, upon the receipt of a written request (to this effect from the customer) and an affidavit stating that the Order Form has been misplaced, issue a copy of the Order Form to the customer, at his/her own expense.
  • This scheme is unique and will not be clubbed with any other offers or discounts.
  • It is at the sole discretion of TMJL to alter, amend, modify, add or delete any of the terms and conditions from time to time and at the discretion of the Management.
  • By subscribing to this plan, the customer expressly agrees to receive calls, text messages, electronic mails, auto-dialled & pre-recorded calls, messages or mails from TMJL, or from affiliates, marketing partners, agents and others on behalf of TMJL, in connection with the plan, to the contact details provided by the customer.
  • Any disputes are subjected to arbitration of the sole arbitrator nominated by the Chamber Arbitration Tribunal (CHAT)

FAQ's

Can anyone become a member of this scheme? Is any proof required?
  • Showroom customer: Anyone can become a member by providing valid ID proof and phone number.
  • Online customer: Anyone can become a member by providing their email ID, phone number and valid address.

Only individuals are eligible to join the scheme. One can join any number of schemes as he/she chooses. Only those Indian citizens who are not minors as per the act enacted by the Government of India as per the Majority Act of 1875 are eligible to enroll in the scheme.

Can I deposit additional gold at a later stage?
No. Gold Plan is a onetime investment plan. You can only invest during the start of the plan. If you are interested in investing gold further, you can do so by opening a new account.
How can the saved gold be redeemed?
The saved gold can be purchased only as gold ornaments and silver articles.
How will you calculate the wastage for a product which exceeds the saving scheme amount?
Wastage charges will be applicable only on the difference in actual weight and the saving scheme’s accumulated amount/weight.
Can the paid amount be redeemed in any other way than the above (like cash)?
Redemption is possible only via purchase of gold jewellery, gold coins and silver articles. Cash redemption cannot be availed.
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