Monthly Instalments No of Instalments Total Amount Collected Maturity Amount
500  24 12,000.00 14,000.00
1,000  24 24,000.00 28,000.00
2,000  24 48,000.00 56,000.00
5,000  24 1,20,000.00 1,40,000.00
 
The member completing 24 months will get one instalment amount as bonus.
 
One who discontinues before 12 months will not be eligible for any of the benefits and they will get back only that much amount they have deposited.
 
The maturity period will be calculated on the basis of defaults made by the member in 12 months and 24 months scheme.
 
The member can purchase gold ornaments from the very next day of the completion of the scheme.As per this scheme the member can purchase only Gold ornaments.
 
Instalments can be paid by cash, cheques or drafts.Collection charges will be charged for outstation cheques.