Savings Scheme

Monthly installments can be Rs.1000,2000,3000,4000,5000,10000,15000
Customers can purchase gold jewels or gold coins in this scheme.
No wastage charges will be levied on jewels purchased in this scheme up to 18%.Customers should bear the balance percentage of wastage charges, if they buy jewels that have wastages above 18%.
This scheme is for 11 months. In this scheme, amount paid by the customers will be converted as gold weight and will be credited in their account. At the end of scheme period, customers can purchase gold jewels without wastages equivalent to the gold weight available in their account.
Only one installment to be paid every month and jewels can be purchased after 15 days of the completion of all installments.
Incomplete chit will not get any benefits. The customer will get to purchase gold equal to the amount credited in their account only(with wastage charges)
GST and other government taxes will be applicable.
No refund of money will be made in this scheme. Only gold can be purchased.
Monthly installments can be made through Cash/Debit Card/Cheque/DD/RTGS/NEFT/IMPS/BANK.
Duplicate membership card will not be provided if it is lost.
In case of changing your address or lost of pass book, the same should be intimated to us along with necessary proof.
Fathima jeweller has every right to amend/alter/change the scheme rules at any time.
Customers can buy the jewels/coins only from the same branch where they have enrolled in the scheme.
All disputes are subject to Chennai jurisdiction only.
Online payment has to make before 25^th of every month.
On maturity of the chit, the card should be brought to the shop and submitted. Customers should bring their Aadhar card at the time of closing for identity verification.
After paying 11 month installments, customer should buy the jewels within 1 year from the date of starting the chit scheme. If they don’t buy within this period, customers cannot avail the chit scheme benefits. In such case, the rate will be calculated on the day of purchase.