Scheme View
DIGI GOLD
Introduction:
Thangamayil DigiGold is a mobile application-based gold savings scheme offered by Thangamayil Jewellery Limited. The scheme allows users to save in gold using the Thangamayil DigiGold mobile application.
Minimum Amount:
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.
Thangamayil DigiGold Scheme
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.
Benefits:
Users will be eligible for benefits on the gold weight being saved in their account, as per the following slab system:
- First 75 days - 5% benefit
- Next 75 days - 3.75% benefit
- Next 75 days - 2% benefit
- Final 75 days - 0.75% 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.
Redemption:
Saved gold weight can be redeemed and purchased as gold jewelry at any of Thangamayil's 58 stores located across Tamil Nadu. Users must pay for any value-added charges such as wastage charges, marking charges, stone charges, and hallmark charges, if applicable. There is a minimum lock-in period of 30 days, during which users cannot redeem their savings. Only the person whose name was used at the time of registration can redeem the scheme, and they must submit original identification proof such as Aadhaar, PAN, driving license, or voter ID at the time of redemption. Users must redeem their scheme within 35 days from the date of maturity.
Refunds:
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.
Compliance:
For saving over Rs. 1.75 Lakhs, users will be required to submit their PAN as per the prevailing income tax regulations, and a PAN copy will be required at the time of redemption for investments over Rs. 2 Lakhs.
FAQ
Below, we answer some the most frequently asked Questions on our platform
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Is the Thangamayil Digigold app safe?The Thangamayil Digigold app is reliable and trustworthy, much like Thangamayil Jewellery Limited. This app turns your savings into digital gold while guaranteeing 100% safety and security.
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Is there a period for saving?The scheme period is 330 days or 11 months.
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After how many days can my savings be purchased after maturity?Your savings can be purchased within 30 days of maturity.
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Where can I redeem my savings?Your savings can be redeemed physically across 59 Thangamayil Jewellery and redeemed online as well.
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My city does not have a Thangamayil Jewellery showroom. How can I redeem it?You can redeem your savings online as well. Contact our toll-free number [ 1800 889 7080 ] to initiate the online redemption process. For further details, mail at ([email protected]).
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What are the benefits of saving on the Thangamayil Digigold App?The savings period is divided into four phases of 75 days. The benefit for each saving is classified as follows:-First 75 Days – 5%-76-150 Days – 3.75%-151 – 225 Days – 2%-226 – 300 Days – 0.75%No benefits will be offered for savings during the final 30 days of the scheme period.
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Do I have to pay VA charges and GST for the jewellery that I purchase?Yes. There are VA charges and GST for the jewellery that you purchase through the scheme.
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Can I open two scheme accounts on a single phone number?Yes. You can open another scheme account on the app after 75 days of the first scheme account being created.