Scheme View

DIGI GOLD


Introduction:

Thangamayil DigiGold is a mobile application-based gold savings scheme offered by Thangamayil Jewellery Limited. The scheme allows users to save in gold using the Thangamayil DigiGold mobile application.

Minimum Amount:

The minimum amount that can be saved in gold is Rs. 100. Users can save any amount above Rs. 100 at any time during the first 330 days from the date of the first payment.

Thangamayil DigiGold Scheme

The scheme period of 330 days will begin on the date of the first payment made. During this period, users can save in gold any number of times. On the 330th day from the date of enrollment, the scheme will mature.

Benefits:

Users will be eligible for benefits on the gold weight being saved in their account, as per the following slab system:

  • First 75 days - 5% benefit
  • Next 75 days - 3.75% benefit
  • Next 75 days - 2% benefit
  • Final 75 days - 0.75% benefit

Please note that no benefits will be offered for payments made during the final 30 days of the scheme period (i.e. 301st day to 330th day). Benefits will only be offered if the User redeems their account after maturity; otherwise, the benefit gold weight will not be offered.


Redemption:

Saved gold weight can be redeemed and purchased as gold jewelry at any of Thangamayil's 58 stores located across Tamil Nadu. Users must pay for any value-added charges such as wastage charges, marking charges, stone charges, and hallmark charges, if applicable. There is a minimum lock-in period of 30 days, during which users cannot redeem their savings. Only the person whose name was used at the time of registration can redeem the scheme, and they must submit original identification proof such as Aadhaar, PAN, driving license, or voter ID at the time of redemption. Users must redeem their scheme within 35 days from the date of maturity.


Refunds:

The paid amount will not be refunded under any circumstances. This means that if the customer changes their mind after enrolling in the scheme and decides not to redeem the gold, they will not be able to get a refund of the amount paid.


Compliance:

For saving over Rs. 1.75 Lakhs, users will be required to submit their PAN as per the prevailing income tax regulations, and a PAN copy will be required at the time of redemption for investments over Rs. 2 Lakhs.


FAQ

  • Thangamayil DigiGold is a mobile application-based gold savings scheme offered by Thangamayil Jewellery Limited (TMJL) where users can save in gold and earn benefits based on the weight of gold saved.
  • Individuals who have attained the age of 18 years or above are eligible to participate in the Thangamayil DigiGold scheme.
  • The minimum amount that can be saved in gold under Thangamayil DigiGold is Rs. 100.
  • The scheme period of 330 days will commence from the date of the first payment made by the User.
  • Users will be eligible for benefits on the gold weight being saved in their account, as per the slab system: 5% benefit for the first 75 days, 3.75% benefit for the next 75 days, 2% benefit for the next 75 days, and 0.75% benefit for the final 75 days. No benefits will be offered for payments made during the final 30 days of the scheme period.
  • Saved gold weight can be redeemed and purchased as gold jewelry at any of Thangamayil's 58 stores located across Tamil Nadu. The User must pay for any value-added charges such as wastage charges, marking charges, stone charges, and hallmark charges, if applicable. Only the person whose name was used at the time of registration can redeem the scheme, and they must submit original identification proof such as Aadhaar, PAN, driving license, or voter ID at the time of redemption.
  • Yes, there is a minimum lock-in period of 30 days, during which Users cannot redeem their savings.
  • Yes, saved gold weight can be redeemed and purchased as gold jewelry at any of Thangamayil's 53 stores located across Tamil Nadu.
  • For investments over Rs. 1.75 Lakhs, Users will be required to submit their PAN as per the prevailing income tax regulations, and a PAN copy will be required at the time of redemption for investments over Rs. 2 Lakhs.

For Any Scheme Related Query Contact Us @:

Mail-Id: [email protected]

TollFree-No.: +1800 889 7080

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