Ponmagal Plus
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PONMAGAL PLUS
Planning to buy the jewellery of your dreams has never been easier! With Ponmagal Plus, your monthly installments transform into sparkling treasures, just as your loved ones grow and shine. Ponmagal Plus ensures that your prudent investment transforms effortlessly into timeless jewellery.
Why Choose Ponmagal Plus ?
Trusted Jewellers
customers across generations.
Flexible Savings
Pay as little as ₹1,000
monthly or multiples of it.
Value-for-Money
of up to 100% at maturity
Multiple Payment Options
UPI, NEFT, or card.
How Ponmagal Plus Works
Easy Monthly Instalments
Start with a minimum monthly payment of ₹1,000 for 11 months. Your payment is credited either in weight (gold rate on the payment date) or value (rupees).
Wide Redemption Options
1. Gold jewellery, including 22kt coins.
2. Silver articles, ruby, emerald, and uncut diamond jewellery (with applicable charges)
Maturity Benefits
At the end of 11 months, redeem your accumulated amount or weight in gold :
1. Up to 50% discount on wastage on gold jewellery if you opt for accumulated weight.
2. Up to 100% discount on Amount (VA) for gold jewellery or coins if you opt for accumulated amount
Convenient Payment Modes
Pay via cash (up to ₹17,000/month), demand draft, credit/debit cards, UPI, NEFT/RTGS, or local cheques.
BENEFIT TABLE
| Months Completed | Weight-Based Discount on VA (%) | Value-Based Discount on VA (%) |
|---|---|---|
|
7th month |
None |
None |
|
8th month |
25% |
50% |
|
9th month |
35% |
70% |
|
10th month |
45% |
90% |
|
11th month |
50% |
100% |
| S.No. | Month | Assuming gold rate 22kt. (Rs.) | Installment amount (Rs.) | Gold weight (Gms.) | GOLD Accumulated Gold weight | GOLD Accumulated Amount | DIAMOND Accumulated Amount | SILVER Accumulated Amount |
|---|---|---|---|---|---|---|---|---|
|
1. |
Jan |
7150 |
10000 |
1.399 |
1.399 |
10000 |
10000 |
10000 |
|
2. |
Feb |
7200 |
10000 |
1.389 |
2.788 |
20000 |
20000 |
20000 |
|
3. |
Mar |
7250 |
10000 |
1.379 |
4.167 |
30000 |
30000 |
30000 |
|
4. |
Apr |
7300 |
10000 |
1.370 |
5.537 |
40000 |
40000 |
40000 |
|
5. |
May |
7350 |
10000 |
1.361 |
6.898 |
50000 |
50000 |
50000 |
|
6. |
Jun |
7400 |
10000 |
1.351 |
8.249 |
60000 |
60000 |
60000 |
|
7. |
Jul |
7450 |
10000 |
1.342 |
9.591 |
70000 |
70000 |
70000 |
|
8. |
Aug |
7500 |
10000 |
1.333 |
10.924 |
80000 |
80000 |
80000 |
|
9. |
Sep |
7550 |
10000 |
1.325 |
12.249 |
90000 |
90000 |
90000 |
|
10. |
Oct |
7600 |
10000 |
1.316 |
13.565 |
100000 |
100000 |
100000 |
|
11. |
Nov |
7650 |
10000 |
1.307 |
14.872 |
110000 |
110000 |
110000 |
|
12. |
Dec |
Total accumulated weight |
14.872Gm |
110000 |
110000 |
110000 |
||
Frequently Asked Questions (FAQ)
Yes, but you’ll need to pay full wastage (VA) on the
additional weight.
Yes, 22kt coins can be purchased without wastage
(VA) at maturity.
If discontinued before 11 months, you can use the
accumulated amount to buy any jewellery without
wastage (VA) benefits.
Yes, GST and other government levies at the time of purchase will apply.
Yes, by providing KYC details for both yourself and your nominee.
