Scheme View


Thangamagal Scheme


The Thangamagal scheme by Thangamayil Jewellery Limited is a strategic and advantageous gold saving plan designed to facilitate customers in accumulating gold through systematic savings. Below is a summary that elucidates the primary features and benefits of the Thangamagal scheme.

Key Features

Age Eligibility:

Open to individuals 18 years and older, ensuring responsible participation in the saving scheme.

Flexible Saving Options:

Allows contributions starting from Rs. 1000 and in increments of Rs. 500, providing flexibility in savings.

Monthly Installments:

The scheme requires 11 monthly installments, making it a manageable commitment for a wide range of customers.

Scheme Maturity:

Culminates on the 330th day from joining, with a 35-day window post-maturity for redemption, aligning savings with future financial planning.

Gold Price Lock-In:

Installments are credited as amounts, with the gold equivalent to be availed at the current 22 karat price on the redemption day.


Discount on Making Charges:

Members can avail a 75% discount on the wastage and making charges for gold jewelry and a 60% discount for Gold JewelOne products and diamond-studded gold jewelry.

100% Discount on Silver Wastage and Making Charges:

For silver regular items, customers enjoy a 100% discount on wastage and making charges.

Flexible Jewelry Selection:

Upon maturity, customers can choose from a wide range of gold, diamond, and silver jewellery available at all Thangamayil branches.

Digital Convenience:

Installments can be paid directly at branches or through the Thangamayil DigiGold mobile app or website, ensuring ease of access and payment.

Security and Assurance:

Since the scheme is being enrolled digitally, no physical passbook is required at the time of purchase rather you’ll be submitting a redemption request form along with OTP which sent to the registered mobile number.

Important Considerations

Scheme Redemption:

Jewelry equivalent to the accumulated gold weight must be selected within 35 days post-maturity to avail the scheme benefits.


Installments paid towards the scheme cannot be refunded but must be redeemed as gold, diamond jewelry, or silver items.

GST and Additional Charges:

Customers are responsible for paying GST and any additional charges like hallmarking on the selected jewelry.


The Thangamagal scheme is an exemplary saving plan for those looking to invest in gold, offering not only the opportunity to save systematically but also to enjoy considerable discounts on jewelry purchases. It stands out for its flexibility, security, and the financial benefits it provides, making it an attractive option for individuals planning to invest in gold or purchase jewelry with added advantages.

Thangamagal Scheme FAQs

  • The Thangamagal Scheme is a gold saving plan designed to help individuals save towards purchasing gold jewelry by making monthly installments. Upon completion of the scheme, customers can buy gold at the prevailing rate of the maturity day with added benefits.
  • Any individual who is 18 years old or above can join the Thangamagal Scheme.
  • You can start saving by choosing an initial amount starting from Rs. 1000 and in multiples of Rs. 500. This amount needs to be paid in 11 monthly installments.
  • The scheme matures on the 330th day from the date of joining. You must redeem your savings within 35 days from the date of maturity, which can be used to purchase gold jewelry at the prevailing 22 karat gold price of that day.
  • The scheme offers a 75% discount on wastage and making charges for gold jewelry, a 60% discount for JewelOne and diamond-studded jewelry, and a 100% discount on wastage and making charges for silver regular items.
  • Yes, you can select gold, diamond jewelry, and silver items available in Thangamayil branches. However, items falling under the maximum retail price (MRP) will not receive the scheme's benefits.
  • If you decide not to continue after 90 days from joining, you can obtain gold jewelry equivalent to the accumulated amount paid, without the benefits of the scheme. The scheme cannot be terminated before this period.
  • Yes, you must have surpassed 11 months (330 days) from the date of joining and have made at least 6 installment payments to obtain the minimum benefits on a percentage basis.
  • Payments can be made directly at any Thangamayil branch or via Thangamayil's DigiGold mobile application or website. Ensure to collect a physical receipt or SMS confirmation for each payment.
  • No, the installment amount cannot be refunded; it can only be availed as gold, diamond jewelry, or silver items.
  • Yes, when availing products against the scheme, customers must pay the Goods and Services Tax (GST) and any other charges like stones, hallmarking imposed on the selected products.

For Any Scheme Related Query Contact Us @:

Mail-Id: [email protected]

TollFree-No.: +1800 889 7080