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PNG Jewellers Gold Schemes

PNG Jewellers is a trusted name in the gold market in India and overseas. Being one of the most trusted and valuable brands in India, P N Gadgil Jewellers is currently led by the 6th generation of the Gadgil clan.

The PNG jewellers are well-known for their gold schemes. They have currently 3 schemes that customers can utilise to invest in gold.. PNG jeweller schemes are designed keeping in mind the consumer requirements especially for gold items that are often too expensive today. PNG Jewellers believe in offering small investments to their customers over a duration to make the product in reach of the consumer. These gold schemes are offered at a discounted rate along with other advantages too!

Schemes

1. Suvarna Poornima Scheme

The Suvarna Poornima Gold Plan is a gold scheme offered by PNG Jewellers where the consumers can invest in gold and also get various discounts besides eventually owning the product of their choice. The range of jewellery on offer is vibrant and loaded with many discounts. Read on to understand the benefits and features of the Suvarna Poornima Offer.

2. Kuber Scheme

The Kuber Gold Scheme is especially designed for individuals who are looking forward to reap maximum benefits of savings in their gold purchase plan. With a 12-months validity, the plan has no limit on the frequency of investments in order to gain benefits as per their requirements. Read on to understand the benefits and features of the Suvarna Poornima Offer.

3. PNG Gold Rush

This gold scheme is popular as Sanchayat Dhanavardhanam that makes it a savings scheme which promotes well planned investments in gold. The scheme has features that allows advance payments and investments for gold purchase. A. As per this policy, consumer may select between three tenures of 1-year, 2-year, 3-year. B. Minimum investment needed is INR500.

Features of Various PNG Gold Schemes

Features and benefits Suvarna Poornima Plan

  • Minimum instalment stands at INR3,000 and multiples of INR500 are allowed.
  • Consumer can decide the amount in instalment that he/she wishes to invest every month. This amount remains fixed.
  • The designs offered under this plan includes a plethora of varieties latest designs.
  • Upon redemption of the product, there is a 10% discount offered on the making cost of the ornament.

Eligibility

  • Individuals over the age of 18 may apply.
  • During redemption, the individual needs to show a valid photo ID like a passport, PAN card, Voter ID or Driving Licence, besides a print-out of the account details should be displayed too.
  • When you exceed INR5,00,000, then the PAN card becomes compulsory.

Payment Modes

For monthly payments, consumers may select from these modes of payment:

  • Net Banking
  • Debit Card
  • Credit Card

At present there is no Electronic Clearing Service. Bank cost and convenience charges if any will be borne by consumer.

Information

  • Vedhanis, gold bars, gold coins, gold biscuits are not available with this plan.
  • Payment due date depends upon your enrolment date. In case you enrol on 1st May, the upcoming instalment is due for 1st June.
  • When you miss the payment, the maturity amount gets affected.
  • When you withdraw the plan within one year, then you may buy gold jewellery for the gathered amount. No discounts or free instalment will be active.
  • One may redeem the total value within 3 months of maturity.

Features and Benefits of Kuber Scheme

  • Minimum required amount for this scheme stands at INR1,000 and multiples of INR100 are allowed thereafter.
  • The plan has 12 months duration.
  • Gold of equivalent value comes to your account the moment you make the payment. The rates are the prevailing rates of the day.
  • Consumers gets bonus on the full amount gathered @ 8% annually.
  • Consumers get a 10% discount on making charges.

Eligibility

  • Individuals over the age of 18 may apply.
  • During redemption, the individual needs to show a valid photo ID like a passport, PAN card, Voter ID or Driving Licence, besides a print-out of the account details should be displayed too.

Payment Modes

  • Consumer may make payments at any PNG Jeweller store.
  • Payment maybe in form of cash, cheques or post-dated cheques. Cheques need to be signed in favour of “P.N. Gadgil & Sons”.
  • Credit card /debit card is not accepted under this scheme.

Features and Benefits of the Gold Rush Plan

The PNG Gold Rush Scheme is a dynamic savings plan designed for you to buy gold in advance. This scheme ensures you to get an amount more than your actual investment at the end of the scheme. Initiating this scheme by investing as low as $100 is the best feature of this scheme!

Eligibility

  • Individuals over the age of 18 may apply.
  • During redemption, the individual needs to show a valid photo ID like a passport, PAN card, Voter ID or Driving Licence, besides a print-out of the account details should be displayed too.

Payment Modes

In the Gold Rush scheme, the customer makes the payment for 11 months and the instalment of the 12th month is paid by PNG Jewellers.

  • This scheme has a tenure of 12 months. Here, your contribution will be $100 per month for 11 months. PNG Jewellers pays $100 on your behalf in the 12th month

Bhishi (24K Gold rush) scheme remains active for 12 months in case of 24K gold coin. This means that the the customer pays the instalments for 11 months and the 12th month instalment would be paid by PNG Jewellers

This scheme has a tenure of 12 months. Here, your contribution will be $100 per month for total 11 months. PNG Jewellers pays half month amount in the 12th month on your behalf. You can make a purchase in the 12th month.

FAQs on PNG Jewellers Gold Schemes

What tax benefits come from schemes under PNG Jewellers Gold Schemes?

The taxation depends on the investment, hence consult a tax advisor for the same.

Can I invest INR10,000 in PNG Jewellers Gold scheme?

Yes. You may invest INR10,000 in this scheme and get the best of market returns.

Can I invest to accumulate 50GMS of gold under PNG Jeweller Scheme?

Yes. PNG Jewellers offer highly effective returns and accumulation investments.

What is PNG Gold Rush Scheme?

The PNG Gold Rush Scheme is a dynamic savings plan designed for you to buy gold in advance. This scheme ensures you to get an amount more than your actual investment at the end of the scheme. Initiating this scheme by investing as low as $100 is the best feature of this scheme!

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