- About Coverfox
GRT Jewellers, also known as G.R. Thanga Maligai, is one of the premier jewellery houses in Chennai, south India. This jewellery firm came into existence in the year 1964. GRT Jewellers are widely known for making exquisite jewellery designs and excellent craftsmanship. Apart from gold and silver jewellery, GRT jewellers also provides 2 exquisite gold saving schemes for customers who want to purchase gold.
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.
The member can select weight based option or value based option.
|Month||Rate of Gold||Optio 1 – Grams||Option 2 - Amount|
Total Accumulated Weight
Total Accumulated Amount
This is another smart way to purchase gold. This scheme can be availed by everyone.
You are required to make monthly installments and the gold will be credited to your account at the prevailing gold rate .
You are required to make the monthly installment before 10th of every month for a 15 month time period.
The installment must be made only on the showroom where you have purchased the scheme. Redemption can be done across all showrooms.
How can I make an advance payment?
You can make the advance installment payment before the 10th of every month via cash/credit/debit/ECS/DD/Cheque/net banking.
What if I want to discontinue the GRT gold saving scheme?
If you select to discontinue within 7 months, you will not be entitled for No Wastage discount on purchase. If you discontinue between 8-10 month, you will get a discount equal to 60% of wastage value on the accumulated deposit.
What if I purchase jewellery which costs more than my advance payment?
There will be wastage charges added on any difference between the price of the jewellery purchased and the advance payment. The wastage charges will be applicable on the balance amount.
Can I pay as a lump sum?
No, you cannot make the monthly installments all at once.
Can I purchase gold coins?
Yes, you can purchase gold coins without any wastage or making charges.