Gold Saving Scheme:-

The Scheme enables customers to invest their monthly savings and get the accrued amount to purchase Gold Jewellery.

Four groups are introduced – (viz.) Rs. 1000/-, Rs. 2000/-, Rs. 4000/-, Rs. 8000/-. Members who wish to join the scheme have to subscribe Rs. 1000/-, Rs. 2000/-, Rs. 4000/-, Rs. 8000/- (as instalment) every month, according to the group chosen continuously for 11(Eleven) Months.

On the beginning of the 12th (Twelfth) Month, members will be permitted to buy Gold / Diamond / Platinum / Silver Jewellery or Silver / Gift Articles of their choice with applicable VA/MC(value addition & Making charges) for the value as stated below:

Monthly InstalmentTotal AmountIncentiveValue of Gold Jewellery eligible to buy (12th month)
1,000 1,1000 1,000 12,000
2,000 22,000 2,000 24,000
4,000 44,000 4,000 48,000
8,000 88,000 8,000 96,000

Payments of Monthly Instalments

Monthly instalment should be paid not later than the 10th of each month. Payment may be made by Cash, D.D. or Cheque (payable at Chennai) favouring “KHAZANCHI JEWELLERS PVT LTD”. Card (Debit/Credit) or Online payment also accepted (subject to terms and conditions). Only one instalment will be accepted per month.


According to the scheme, members will become eligible to the terminal benefit (ie: for the value of Jewellery / Articles stated above), only when they pay the monthly instalments for 11 months continuously without default.

Members who default would become eligible for the benefit (incentive) only after, they pay all the 11 instalments. In other words, their eligibility period would be got postponed by the number of months they have defaulted.


 In respect of members who discontinue the Scheme midway, or defaulting (consecutive 3 months) will be allowed to buy/get Jewellery / Articles only for the amount they paid. No incentive will be eligible for them.


At the time of joining the Scheme, each member will be issued with a Pass Book. Members should ensure that the payments are correctly entered in the Pass Book. Any discrepancy in the entries should immediately be brought to the notice of our chit section and get rectified. Members making online remittance can get their pass book entries even later at any time.

 Members should come in person with the Pass Book at the time of Maturity/buying of Gold Jewellery / Silver / Gift Articles. The management has the right to alter/amend/ change/add or delete any of the Terms & Conditions of this scheme at any time without prior notice.

Customer has to pay 3% of GST on purchase.

 It is hereby agreed that in case of any dispute with respect to the terms, the same shall be referred to the arbitrator to be appointed in consonance by both the Comapny and Customer and in case there is no consensus, Indian Arbitration and Concialation Act shall apply and the place of arbitration shall be at Chennai, India.

Conditions Apply *