Today Rate 23/09/2017
MetalsPer Gram(Rs)
Gold 22ct2831.00
Gold 24ct3057.00
Gold 18ct2316.00
Silver42.40
Platinum2562.00

GO FOR GOLD

Nalli Jewellers :  11 Plus 1 Gold Chit Scheme

On enrolling, you select an amount of your choice as installment; there are various slabs from Rs.500/- onwards. You will also get a passbook to keep track of your payments. All you then do is pay eleven equal monthly installments. On the twelfth month you get two options a) buy jewellery of a value equivalent to 12 months of installment. (i.e: total amount in your account + 1 month Discount on purchase by Nalli Jewellers). Or b) cab avail no wastage (upto a maximum of 12%) on jewellery value limited to the accumulated amount.

The accrued amount for the various amounts is listed below.

Illustration: Discount Option

Installment for 11 months

(In Rs.)

 

Total amount

(In Rs.)

 

Discount Of one month installment

(In Rs.)

 

Value of Jewellery you can purchase on maturity

(In Rs.)

 

500

5,500

500

6,000

1,000

11,000

1,000

12,000

3,000

33,000

3,000

36,000

5,000

55,000

5,000

60,000

7,000

77,000

7,000

84,000

10,000

1,10,000

10,000

1,20,000

 

Illustration : No wastage option for Rs 2000 /- (per month )installment

 

Purchased Jewellery wastage

  12%

20%

11%

Purchased jewellery value

Rs 45000/-

Rs 45000/-

Rs 45000/-

Member’s maximum eligibility of no wastage on accumulated amount

12%

12%

12%

Accumulated amount

Rs 22000/-

Rs 22000/-

Rs 22000/-

Difference in wastage to be paid by the member

Upto RS 22000/-

No wastage and 12% on the balance amount of Rs 23000/-

8% on Rs 22000/- and 20% on the balance amount of Rs 23000/-

Upto Rs 22000/- No wastage* and 11% on the balance amount of Rs 23000/-

 

*The member is not entitled to difference in wastage value

Frequently  Asked Questions (FAQ’s)

How do I pay monthly installment?

Payment can be made by cash/DD/NEFT Transfer/Post Dated Cheques(PDC)/at par    Cheques/Local Cheques. Monthly installments should reach Nalli Jewellers before 10th of every month.

What if I don’t pay continuously?

No Problem. Your plan is still valid. Your redemption/maturity period will get extended accordingly.

Will there be VAT?

VAT and any other Government levies will be borne by the member.

Will there be any making charges and value addition (wastage)?

Yes.As applicable.

Terms & Conditions  :-

  1. Monthly installment amount will be a minimum of Rs.500/- and in multiples of Rs.500/- only.The monthly installment amount is fixed.
  2. The duration of the scheme is 11 months.
  3. Payment can be made by cash/DD/ NEFT Transfer/Post Dated Cheques(PDC)/at par Cheques/Local Cheques. Monthly installments should reach Nalli Jewellers before 10th of every month. Installments cannot be carried over or paid in advance.
  4. The Due date for paying the monthly installments shall be on or before the 10th of every month.
  5. Monthly installment amount is fixed. Carrying over or paying the installment is advance is not permitted.
  6. Validity of your scheme remains unaffected even in case of defaults or discontinuance. However, your redemption period will get delayed accordingly.
  7. Members are eligible to buy Gold, diamonds, Platinum, Ethnic and Silver Jewellery/ Articles , but value addition(wastage) and making charges are applicable.
  8. VAT and any other Government levies will be borne by the member.
  9. On discontinuation or pre-closure of the scheme, the following terms shall apply – You shall be eligible to buy jewellery for the total amount paid without any benefits under this scheme.
  10. No Cash shall be refunded under any circumstances.
  11. This Scheme is unique and will not be linked to any other offers, existing or future schemes. It is at the sole discretion of Nalli jewellers to alter, amend, modify, add or delete any of the terms and conditions from time to time.
  12. The member’s signature will be verified at the time of maturity.
  13. All disputes arising from and out of this contract shall be subject to and adjudicated in the jurisdiction of the competent courts in Chennai.