Introduction

The Golden Tree Saving Scheme is a simple, flexible, and rewarding way to grow your gold
savings digitally with complete freedom. Starting from just ₹100, customers can save any
amount, any number of times, while every payment is instantly converted into pure gold
weight at the day’s market rate.

Key Features

1) Customers can save from a minimum of ₹100 in gold under this scheme.
2) Customers can pay any amount starting from ₹100 and as many mes as they wish in cash
under this scheme.
3) The scheme will mature 330 days from the day the customer starts the scheme.
4) Customers can pay through App or can visit the store in person to make the payment.
5) Discounts will be provided based on the number of days the customer has made
payments.
6) Users are eligible for benefits based on the weight of the gold saved in their account, as
per the following schedule:
First 75 days – 5% benefit
Days 76 to 150 – 3.75% benefit
Days 151 to 225 – 2% benefit
Days 226 to 300 – 0.75% benefit

Points to remember:

1) No benefits will be provided for the amount paid during the last 30 days (from day 301 to
330).
2) The user will be eligible for benefits if their account is active for a full 330 days.
3) On the maturity date, when purchasing gold jewelry under this scheme, the customer
must pay for the gold and taxes on the bonus weight received.
4) The monthly instalment amount paid by the customers will be converted and credited in
gold weight based on the prevailing marketing rate.
5) Switching to other schemes/ plans or name transfer cannot be accepted.
6) Monthly instalments can be paid in cash in store or through a poongulazhi application via
credit/debit cards.
7) The duration of any scheme is 11 months and gets matured on the 12th month.
8) After the maturity period, customers can purchase either gold coins or gold ornaments at
a 75% discount on wastage. They cannot redeem in cash for any reason.
9) Customers must pay goods and service tax (GST) and any other new taxes levied by our
Govt.
10) Poongulazhi jewelers reserves all rights to change these terms and conditions at any
time.