GRT Jewellers Gold Schemes: Types, Benefits & Eligibility Criteria (2024)

This is a special savings scheme which facilitates the purchase of gold jewellery at an affordable cost. Under this plan you are required to make 11 monthly installments advance payments. Post the 11th month, you can utilize the accumulated deposit to purchase the jewellery of your choice without any wastage or value addition charges.Note: You cannot purchase special items like diamond, platinum, ruby, emerald, uncut diamonds, pooja items, ethnic or vintage jewellery, silver or silver articles.

Features and Benefits of GRT Golden Eleven Flexi Plan

• The minimum amount of monthly installment is ₹500 and above. You can select a higher amount for deposit. A passbook will be provided to keep you updated regarding all the transactions made.
• You are required to make 11 advance payments, over a period of 11 months.
• You have the option to select gold weight or value based option.
• In case there is no purchase made on the 12th month, the entire amount will be refunded to the customer.

Term and Conditions

• There is no cash refund available.
• You can purchase the jewellery post the 11th month.
• The installments are compulsory.
• GST, wastage/making charges will be applicable.
• You can avail for a discount on purchase only post the installment phase.
• In case you discontinue between 8th to 10th month, you can avail a discount up to 60% of the installment amount for one month.
• In case you wish to discontinue within the seventh month from the time of enrolment, you won’t be eligible for ‘discount on purchase’ option.
• The terms and conditions can be altered/modified as per the discretion of GRT Jewellers.

Example

The member can select weight based option or value based option.