E-coin
This scheme is purely for the customers who would like to invest in gold coins.
Rather than buy physical gold coins and keeping it in lockers customers can buy our e-gold coins and need not worry about the safety.
This is a one-time payment scheme. So, at any point of time for any value of amount customer can buy e-gold coin.
Market rate prevailing at the time of payment will be used to convert the value of amount paid to gold weight and through out the scheme will be held as gold weight only.
Main benefit of buying our e-gold coins is that customers can get interest of 4% for the amount paid and also enjoy the appreciation of gold.
To get the interest benefit customer must keep the e-gold coins for 11 months
At the end of 11 months customer can redeem the e-gold coins for physical gold coins at our store along with 4% interest.
Only GST will be paid by the customer at the time of redemption of physical gold coins.
If the customer wishes to redeem for physical gold coin before completion of 11 months,they will not get the interest benefit.
At any point of time no cash refunds allowed.
Example illustration of the scheme
If the customer buys a e-gold coin for the amount of Rs.100000/- then schedule will be as follows
| Amount Paid | Gold Market Rate | Gold Accumulated |
| 100000 | 6645 | 15.049 grams |
So if the customer buys e-gold coin on jan 1st 2024 then on dec 1st 2024 he can redeem it for physical gold coin and also get an interest of Rs.4000 .
If the customer redeems for physical gold coin before dec 1st 2024 then they will not be eligible for interest benefit still they can get gold coin for the weight of the gold accumulated without any deductions.
At the time of redemption only gst of rs.3000 will be paid by the customer.