Golden Eleven Flexi (GEF)
This scheme starts by fixing a particular amount which the customer can pay every month till 11 months.
Every month customer can pay that fixed amount on any date in that particular month.
Unlike golden eleven amount scheme, here every monthly paid amount will be converted to gold weight and accumulated as gold weight in the customer ledger every month.
Every month paid amount will be converted to gold weight by using the gold market rate prevailing at the time of monthly payment.
Main benefit of this scheme is customer can buy any gold ornaments in the shop for the weight accumulated in the scheme without any wastage and making charges.
Only gst will be paid by the customer.
Every month only one payment can be made.
Any other offers cannot be combined with the scheme offer
At any point no cash refunds will be given
Amount starts from Rs.500 and any amount in multiples of 500 can be paid…eg…500,1000,1500,2000,2500….and so on
Gold rate will be fixed daily based on MJDTA website.
Scheme matures only after 30 days from the last monthly payment date
Example illustration of the scheme
If the customer joins in a fixed amount of rs.3000 per month the scheme schedule will be as follows
| Gold Market Rate | Monthly Payment | Gold Weight | Total Gold Accumulated | |
| Jan 2024 | 6250 | 3000 | 0.480 g | 0.480 g |
| Feb 2024 | 6270 | 3000 | 0.478 g | 0.958 g |
| Mar 2024 | 6325 | 3000 | 0.474 g | 1.432 g |
| Apr 2024 | 6450 | 3000 | 0.465 g | 1.897 g |
| May 2024 | 6515 | 3000 | 0.460 g | 2.357 g |
| June 2024 | 6550 | 3000 | 0.458 g | 2.815 g |
| July 2024 | 6450 | 3000 | 0.465 g | 3.280 g |
| Aug 2024 | 6600 | 3000 | 0.454 g | 3.734 g |
| Sep 2024 | 6750 | 3000 | 0.444 g | 4.178 g |
| Oct 2024 | 6545 | 3000 | 0.458 g | 4.636 g |
| Nov 2024 | 6680 | 3000 | 0.449 g | 5.085 g |
Once the customer makes payment on 1stnov 2024 then scheme matures on 1st dec 2024, on that day customer can come and purchase any gold ornament of their wish.
For the total 5.085 grams accumulated customer can purchase any gold ornament after 1st December without wastage and making charges.
Only gst 3% will be paid by the customer at the time of purchase.