GRT Jewellers, also known as G.R. Thanga Maligai, is one of the premier jewellery houses in Chennai, South India. This jewellery firm came into existence in 1964. GRT Jewellers are widely known for making exquisite jewellery designs and excellent craftsmanship. Apart from gold and silver jewellery, GRT jewellers also provides 2 exquisite gold saving schemes (GRT Golden Eleven Flexi Plan and Golden One Flexi Scheme) for customers who want to purchase gold.
The GRT Golden Eleven Flexi Plan is a convenient 11-month jewellery-saving scheme designed to help you plan ahead for weddings and other special occasions. You select a fixed monthly advance payment (from ₹500 onwards) and receive a passbook to track your contributions. At the end of the 11th month, you can purchase your preferred jewellery—gold, diamond, platinum, silver, or silver articles—with no wastage (VA) up to 18% plus rate protection. The purchase can be made through 2 options –
Fix a monthly savings amount for 11 months.
Redeem jewellery equal to the total value accumulated.
Avail No Wastage Allowance (VA) up to 18% on your purchase.
Best suited for those who want to maximise value savings and safeguard against rising gold prices.
Lock in gold grams every month at the prevailing rate.
At maturity, redeem jewellery matching the accumulated weight.
Avail a 50% discount on VA, provided it is within the 18% limit.
Ideal for customers wanting to secure a fixed gold quantity regardless of price fluctuations
Customers make 11 equal monthly advance payments against a jewellery purchase.
Jewellery purchase is allowed from the 10th month onwards, with full plan benefits.
Available in both Value-Based and Weight-Based options to suit customer needs.
Payments can be made via Cash, UPI, Cards, NEFT/RTGS, Local Cheques, or PDCs.
Enrolment requires KYC compliance with an option to nominate a beneficiary.
Jewellery can be purchased at any GRT showroom in India or online.
Enjoy No Wastage (VA) up to 18% on gold jewellery and coins.
Option to purchase diamond, platinum, or silver jewellery with benefits as per GRT’s scheme rules.
Get special discounts on VA if purchasing additional weight beyond the accumulated value.
Protects customers from gold price fluctuations by allowing value or weight-based savings.
Flexible redemption window: Jewellery must be purchased within 360 days of enrolment.
Early discontinuation still offers scaled VA discounts (from 50% to a full waiver, depending on the month).
Customers must pay 11 continuous monthly instalments without default.
Payments should be made on or before the 10th of each month.
Instalments above ₹17,000 per month cannot be paid in cash; alternate payment modes are mandatory.
KYC is compulsory at enrolment; nominee details may be provided.
If discontinued early, benefits on wastage (VA) will apply as follows:
Jewellery purchase must be completed within 360 days from the enrolment date, or the advance payments will be refunded (No cash refunds as per the government rules).
GST and government levies are applicable at the time of billing.
Benefits under the plan cannot be combined with other offers.
Balance advance, if any, will be adjusted against gold/silver coins; no cash refunds.
All disputes are subject to the jurisdiction of the Chennai courts.
The member can select weight based option or value based option.
| Month | Rate of Gold | Option 1 – Grams | Option 2 – Amount |
|---|---|---|---|
| 1 | 2350 | 2.13 | 5000 |
| 2 | 2830 | 2.10 | 5000 |
| 3 | 2450 | 2.04 | 5000 |
| 4 | 2520 | 1.98 | 5000 |
| 5 | 2540 | 1.97 | 5000 |
| 6 | 2600 | 1.92 | 5000 |
| 7 | 2650 | 1.89 | 5000 |
| 8 | 2750 | 1.82 | 5000 |
| 9 | 2900 | 1.72 | 5000 |
| 10 | 3050 | 1.64 | 5000 |
| 11 | 2950 | 1.69 | 5000 |
| - | - | 20.91 Total Accumulated Weight | 55000 Total Accumulated Amount |
Gold Jewellery: Avail No Wastage Allowance (VA) benefit up to 18% on purchases of gold jewellery or coins if enrolled and payments are completed as per plan.
Diamond Jewellery: No Wastage VA (Up to 18%) (Except Solitaires)
Silver Articles & Jewellery: No Wastage (VA) Up to 18%, Silver articles (Antique) 50% off on VA and MC
| GRT Gold Scheme | Value-based Benefits | Weight-based Benefits | Less on Making Charges | Discount per Carat | Discount on MRP |
|---|---|---|---|---|---|
| Gold | No VA (up to 18%) | 50% Discount on VA on jewellery with VA up to 18% | – | – | – |
| Non-MRP Diamonds (except solitaires) | No VA (up to 18%) | 50% Discount on VA on jewellery with VA up to 18% | 25% | 10% | - |
| MRP Diamonds | – | – | – | – | 15% |
| Uncut Diamonds | No VA (up to 18%) | 50% Discount on VA on jewellery with VA up to 18% | 25% | 10% | – |
| Platinum | No VA (up to 18%) | 50% Discount on VA on jewellery with VA up to 18% | 25% | 10% | – |
| Regular Silver Articles | No VA (up to 18%) | No VA (up to 18%) | – | – | – |
| Antique Silver Articles | 50% Discount on VA on jewellery with VA up to 18% | 50% Discount on VA on jewellery with VA up to 18% | 50% | – | – |
| Silver Jewellery | – | – | – | – | 20% |
| Ruby & Emerald | No VA (up to 18%) | 50% Discount on VA on jewellery with VA up to 18% | 50% | 10% | – |
*NOTE - These discounts are available only at Karnataka, Pondicherry and Tamil Nadu Branches.
The Golden One Flexi Plan from GRT Jewellers is a unique gold saving scheme that works on a one-time advance payment model, starting from ₹25,000. Unlike the Golden Eleven Flexi Plan, which requires monthly instalments over 11 months, this scheme simplifies the process by allowing customers to pay just once and redeem jewellery in the 10th or 11th month from enrolment. It offers the same value-added (VA) discounts on jewellery as the Golden Eleven plan, but is more convenient for those who prefer a lump sum approach instead of committing to regular instalments. Customers can also choose between value-based or weight-based redemption, giving flexibility based on their preferences and the prevailing gold rate at the time of purchase.
You can make the advance instalment payment before the 10th of every month via cash/credit/debit/ECS/DD/Cheque/net banking.
No, cash refunds are not allowed under Government regulations.
Yes, payments can be made at any GRT Jewellers showroom across India, as well as online through the GRT website or app.
Yes, gold coins are eligible for redemption under the plan, subject to the accumulated value or gold weight.
No, the plan is strictly for jewellery, gold coins, silver, diamond, platinum, and related categories. Watches and other items are not included.
The benefits of VA (wastage) will reduce depending on how many months you have completed. Full benefits are available only on completion of the full term.
Yes, GST and other statutory charges applicable at the time of billing will have to be borne by the customer.
It offers flexibility to pay a one-time amount instead of monthly instalments, while still enjoying the same jewellery purchase benefits as the Golden Eleven Flexi Plan.
Yes, you can, but the additional purchase amount will be billed with regular VA (wastage) and charges beyond your eligible discount.
