GRT Gold Schemes

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 the year 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 for customers who want to purchase gold.

GRT Golden Eleven Flexi Plan

This is a special savings scheme which facilitates the purchase of gold jewellery at an affordable cost. Under this plan you are required to make 11 monthly installments advance payments. Post the 11th month, you can utilize the accumulated deposit to purchase the jewellery of your choice without any wastage or value addition charges. Note: You cannot purchase special items like diamond, platinum, ruby, emerald, uncut diamonds, pooja items, ethnic or vintage jewellery, silver or silver articles.

Features and Benefits of GRT Golden Eleven Flexi Plan

  • The minimum amount of monthly installment is ₹500 and above. You can select a higher amount for deposit. A passbook will be provided to keep you updated regarding all the transactions made.
  • You are required to make 11 advance payments, over a period of 11 months.
  • You have the option to select gold weight or value based option.
  • In case there is no purchase made on the 12th month, the entire amount will be refunded to the customer.

Term and Conditions

  • There is no cash refund available.
  • You can purchase the jewellery post the 11th month.
  • The installments are compulsory.
  • GST, wastage/making charges will be applicable.
  • You can avail for a discount on purchase only post the installment phase.
  • In case you discontinue between 8th to 10th month, you can avail a discount up to 60% of the installment amount for one month.
  • In case you wish to discontinue within the seventh month from the time of enrolment, you won’t be eligible for ‘discount on purchase’ option.
  • The terms and conditions can be altered/modified as per the discretion of GRT Jewellers.


The member can select weight based option or value based option.

Month Rate of Gold Optio 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
Total Accumulated Weight
Total Accumulated Amount

GRT Golden Seed Savings Scheme

This is another smart way to purchase gold. This scheme can be availed by everyone.

Features and Benefits of GRT Golden Seed Savings Scheme

You are required to make monthly installments and the gold will be credited to your account at the prevailing gold rate.

  • You are required to purchase gold every month instead of maturity.
  • Your investment is protected from the fluctuating prices of gold.
  • Payment can be done online via debit, credit or net banking.

Terms and Conditions

  • You are required to make the monthly installment before 10th of every month for a 15 month time period.

  • The installment must be made only on the showroom where you have purchased the scheme. Redemption can be done across all showrooms.

  • The installments are fixed and cannot be revised.
  • Refund of cash is not applicable.
  • If the wastage exceeds 18% in case of pure gold, the addition/difference will be borne by the customer.
  • You can apply for a rate of gold prevalent on the date of redemption.
  • You can redeem equivalent weight of gold credited to your account a month post the final installment.
  • The terms and conditions can be altered/modified as per the discretion of GRT Jewellers.

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How can I make an advance payment?

You can make the advance installment payment before the 10th of every month via cash/credit/debit/ECS/DD/Cheque/net banking.

What if I want to discontinue the GRT gold saving scheme?

If you select to discontinue within 7 months, you will not be entitled for No Wastage discount on purchase. If you discontinue between 8-10 month, you will get a discount equal to 60% of wastage value on the accumulated deposit.

What if I purchase jewellery which costs more than my advance payment?

There will be wastage charges added on any difference between the price of the jewellery purchased and the advance payment. The wastage charges will be applicable on the balance amount.

Can I pay as a lump sum?

No, you cannot make the monthly installments all at once.

Can I purchase gold coins?

Yes, you can purchase gold coins without any wastage or making charges.