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.