Senthil Murugan Jewellers

The Ponmagal Scheme builds your gold assets at regular intervals for healthy financial stability. Get to gold investment, thereby availing benefits in the form of zero making and wastage charges to buy highly artistic and designer ornaments. Salient Features & Benefits 1. You can start an account with a minimum saving of Rs. 1000/-, in multiples of Rs. 500/-, as regular monthly installments. 2. The duration of Ponmagal scheme is 11 months. 3. We are further flexible in that you can opt for either the value based or the gold weight based saving option. 4. If you choose value based option, you will save your money as money and by the end of the maturity period you can buy gold ornaments or silver articles equivalent to the prevailing market rate. 5. If you prefer to save as gold, the conversion to gold weight shall be done based on the prevailing board rate of gold on the date, time & city of payment and the weight shall be accruing during each installment. 6. Upon maturity you get freedom from making charges & wastage associated with the gold ornaments or silver articles you purchase. 7. You can purchase gold ornaments & silver articles corresponding to the credit in your account or weight of gold. 8. Pay installments as cash, demand draft, using credit/debit cards or even through online fund transfer at your convenience (service charges applicable) within the due date Terms & Conditions 1. Pay your monthly installments on or before the due date to avail the benefit of zero wastage and zero making charges. 2. The amount you choose for the first installment will be set as the amount to be paid for every other installments that are to follow. Hence think well before you arrive at a decision on the first installment amount. 3. This scheme shall cover only jewels available for sale in the showroom and not for customized jewels. 4. Premature closing of the scheme shall not be entertained. 5. Ponmagal Scheme is a unique scheme and cannot be merged, converted or transferred with either new or existing schemes. 6. SMJ reserves every right over the terms and conditions of this scheme and reserves the right to change the conditions at any time. 7. In case of any change in existing laws, rules, acts, etc., by a Regulatory authority, the necessary requirements have to be complied with, by the customer. SMJ reserves the right to enforce such a compliance. 8. The deposited amount will not be refunded as cash, in any case. Making and wastage charges will be applicable for gold and silver that exceeds the saved/accumulated amount or weight, in the scheme. Contact Number: 0452 - 4220333 (10 AM - 7 PM IST) Email ID: [email protected]