Golden Eleven Weight (GEW)
This scheme starts by fixing a particular weight for which the customer will pay corresponding amount every month till 11 months.
Every month customer can pay the amount on any date in that particular month.
In this scheme the weight will be accumulated every month and kept as gold weight itself till the account closure.
Every month amount to paid will be determined by using the 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
Weight starts from 0.100 g and any weight in multiples of 0.100 g can be paid…eg…0.100g,0.200g,0.300g,0.400g,0.500g,…1.000g,2.000g,3.000g….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
Example illustration of the scheme
If the customer joins in a fixed weight of 1 gram per month the scheme schedule will be as follows
| Gold Market Rate | Monthly Payment | Total Weight Accumulated | |
| Jan 2024 | 6250 | 6250 | 1 g |
| Feb 2024 | 6270 | 6270 | 2 g |
| Mar 2024 | 6325 | 6325 | 3 g |
| Apr 2024 | 6450 | 6450 | 4 g |
| May 2024 | 6515 | 6515 | 5 g |
| June 2024 | 6550 | 6550 | 6 g |
| July 2024 | 6450 | 6450 | 7 g |
| Aug 2024 | 6600 | 6600 | 8 g |
| Sep 2024 | 6750 | 6750 | 9 g |
| Oct 2024 | 6545 | 6545 | 10 g |
| Nov 2024 | 6680 | 6680 | 11 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 11 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.