Chandra DigiGold is a mobile application-based gold savings scheme offered by Chandra Jewellers. This scheme allows users to save in gold using mobile application.
The minimum amount that can be saved in gold is Rs. 100. Users can save any amount above Rs. 100 at any time during the first 330 days from the date of the first payment.
The scheme period of 330 days will begin on the date of the first payment made. During this period, users can save in gold any number of times. On the 330th day from the date of enrollment, the scheme will mature.
Users will be eligible for benefits on the gold weight being saved in their account, as per the following slab system:
First 75 days(Day 1 to Day 75) - 5% benefit
Next 75 days(Day 76 to Day 150) - 3% benefit
Next 75 days(Day 151 to Day 225) - 2% benefit
Next 75 days(Day 226 to Day 300) - 1% benefit
Final 30days(Day 301 to Day 330) - 0% benefit
Please note that no benefits will be offered for payments made during the final 30 days of the scheme period (i.e. 301st day to 330th day).
Benefits will only be offered if the User redeems their account after maturity; Otherwise, the benefit gold weight will not be offered.
Saved gold weight can be redeemed and purchased as gold jewellry or coin at Chandra Jewellers. Users must pay for any value-added charges such as wastage charges, making charges, stone charges, and hallmark charges, if applicable.
The paid amount will not be refunded under any circumstances.
This means that if the customer changes their mind after enrolling in the scheme and decides not to redeem the gold, they will not be able to get a refund of the amount paid.
GST is applicable