Modern Jewellers

Modern Saving Scheme

About Modern Jewellers

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Monthly Amount: This is the monthly installment that you need to pay for this scheme.
Monthly Amount: Rs.2000.00

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Scheme Details

Swarna Mulya Scheme

Min. Amount You pay for Scheme Duration (Months)
2,000 15 Months 15

Scheme Details:

You, as members subscribe to this scheme by paying Rs 2,000/- per month(or in multiples of Rs 1,000/-) for 15 months. On maturity, you can buy gold jewellery of your choice, See the Illustration tab for more details.

The gold jewellery has to be bought from Modern Jewellers Showroom.


Min. Monthly Instalment =Rs. 2,000/- per month
Advance Amount = Rs 0/-
Scheme Duration =15 months
Service Tax: As per prevailing rate

Monthly Installment options for Modern Saving Scheme  
No of Months Monthly Instalment Amount(Rs.) Total Accumulated Amount(Rs.)
15 2,000 30,000
15 3,000 45,000
15 4,000 60,000
15 5,000 75,000
15 6,000 90,000
15 7,000 1,05,000


  1. Monthly Instalment should be paid by 7th of every month. Monthly instalment is fixed and cannot be carried over or paid in advance.
  2. The installment amount will be converted to gold/silver in grams at the prevailing rate for 22 carat purity and credited to the member’s account on the date of remittance. This is applicable only to Gold Weight Accumulation based Schemes.
  3. For the Value accumulation Scheme, the Member shall be able to redeem the accumulated value of the Total Scheme Amount for an equivalent gold ornament based on the prevailing gold rate on the day of redemption. The gold rate shall be calculated as per 22 carat purity.
  4. At the time of purchase, the members are entitled to purchase equivalent quantity of gold jewellery/silver articles accumulated in the account only. Wastage, making charges, stone charges and other charges, applicable taxes to be borne by the Member unless stated otherwise in the Scheme details.
  5. If the Gold Jewellery bought exceeds the amount/gold weight accumulated in the plan, the difference amount and the wastage (VA) on the excess gold weight will be paid by the member.
  6. Members paying by Credit/Debit Cards or Gift Vouchers will not have to bear the handling charges. Members can also pay their installments by ECS, PDCs and Online Transfer via
  7. Any member who pre-closes or discontinues the scheme before completion of the period will not be eligible for any of the benefits/bonus of the scheme. No cash refund will be made under any circumstances and only jewellery has to be purchased at the gold/silver rate prevailing on the date of redemption.
  8. There should be atleast one payment in a month before the due date of instalment payment. Defaulting members will not be eligible for the benefits of the scheme.
  9. Maturity date will be 30 days from the date of the last payment. Even if a Member pays his/her installments in advance, they will be able to redeem their scheme amount only at the maturity period of the respective scheme
  10. The Member has to redeem the accumulated amount within 15 days of the Scheme completion
  11. The Jeweller reserves the right to alter, amend, add or delete part of the complete privileges of the scheme without any prior notice.
  12. The management is not responsible for volatility in gold/silver/diamond prices.
  13. Transferring within our various schemes will not be permitted. Also, transferring among subscribers is not allowed.
  14. The decision of the management shall be final and binding in all matters.
  15. All disputes will be subject to the competent courts under Bangalore Jurisdiction.
  16. It is agreed that all schemes are subject to the prevailing laws and government policies.
  17. The Schemes are unique and shall not be linked to any other offers or promotions, existing or future schemes.


  • Modern Jewellers,
    97/4-5, Magadi Road, Bangalore - 560023,

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