Golden 11 Scheme

  • Dream of your favourite jewellery is now made easy by our No Wastage Scheme.
  • On enrollment, you can select an amount of your choice as monthly advance payment.
  • There are various slabs starting from Rs. 1000 onwards.
  • You can keep track of your payments in our app.
  • All you have to do is pay eleven equal monthly advance payments.
  • After making the advance payment for the last month, you can buy your favourite jewellery with no wastage (VA) upto 16%.
  • Your invested amount will be credited to your account as gold weight.
  • The monthly payments cannot be carried over, or paid in advance.
  • You can make the monthly advance payments in our Madurai showroom in India, or Sabarinathan Jewellers chit mobile app (Android / IOS).
  • You can purchase gold coins with a No Wastage (VA).
  • The monthly advance payment amount is fixed.

Payment mode

Advance payments should reach Sabarinathan Jewellers before the 10th of every month. Payments can be made by Cash,UPI.

Terms and conditions

  1.  The Golden 11 offered by Sabarinathan Jewellers allows customers to save gold digitally on a each month and redeem it to purchase jewellery with no wastage, subject to these terms and conditions.
  2.  Customers can pay any amount starting from ₹ 1000 to any fixed amount.
  3.  Customers can make single payments per month.
  4.  The paid amount gets converted into a GOLD weight on the current board rate.
  5.  After 11 month end, the customer can purchase the accumulated weight in our Madurai store.
  6.  This plan can only be redeemed against the purchase of Jewellery or ornaments mentioned in this plan document.
  7. Customers should produce one valid ID proof and PAN Card details at the time of enrollment and redemption.
  8.  Partial redemption of accumulated weight is not allowed under any circumstances.
  9.  Customers can get full gold weight bonus benefits only after completing 11 month tenure from the date of enrolment.
  10.  If a customer wants to preclose before the tenure, they are allowed to do so with wastage and other charges.
  11.  The tenure cannot be extended under any circumstances.
  12.  Gold coins can be purchased under this scheme.
  13.  No cash refund will be permitted under any circumstances
  14.  Transfer of ownership is prohibited.
  15.  Customers will bear GST and other Government levies at the time of redemption.
  16.  Stone Charges are applicable.
  17.  No interest is applicable for any advance-paid
  18.  Under this plan, jewellery customisation is not allowed; customers can choose from available merchandise at purchase.
  19.  The company reserves the right to change terms and conditions in Future.
  20.  Any dispute would be subject to Madurai High Court jurisdiction only.
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