Gold Monthly Scheme:
Gold is one of the most precious metals in India. Many families consider gold jewellery very important for weddings, festivals, and special occasions. In the last few years, gold prices have increased a lot. This rise made it difficult for people to buy jewellery at once. To support customers, jewellery shops introduced a special plan called the Gold Monthly Scheme.
In this scheme, customers can pay a fixed amount every month. After finishing the scheme period, they can buy jewellery equal to the total amount they paid. For example, if a person pays Rs. 5,000 every month for 11 months, the total amount becomes Rs. 55,000. Some shops offer a bonus for the final month. This means the shop adds another Rs. 5,000 as a benefit. So the customer can purchase jewellery worth Rs. 60,000 by paying only Rs. 55,000.
Many middle-class families feel that this scheme is helpful because it allows them to save money slowly and buy gold without a big burden. Gold Monthly Schemes are available in almost all major jewellery stores.
However, even if the scheme looks attractive, customers should be careful before joining. Some important points to remember:
* If a customer stops paying in the middle of the scheme, many shops do not return the money.
* Jewellery must be purchased at the gold price on the final payment day. If prices rise, customers may have to pay more.
* The bonus is usually given only on making charges, not on the gold price.
* Some designs may not be available under the scheme.
* Customers must choose only trusted, well-known jewellery shops to avoid fraud.
* Shops should not use customers’ advance money for other business activities.
* If the plan duration is more than 12 months, RBI approval is required according to rules.
Gold Monthly Scheme is a useful saving method if chosen wisely. Before joining, customers must read all terms and conditions clearly. Doing proper research and selecting a reliable jeweller ensures safety and good value for money.
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