G.R. Thanga Maligai (GRT Jewellers), established in 1964 in Chennai, is one of India’s most renowned jewelry brands. Over the years, GRT Jewellers has grown into one of the fastest-expanding companies in the jewelry industry, earning a reputation for delivering exceptional quality and exquisite designs at affordable prices. With a strong presence in cities like Chennai, Hyderabad, and Bengaluru, GRT Jewellers caters to diverse tastes and preferences, offering a wide range of meticulously crafted jewelry pieces. Their commitment to quality and affordability has made them a trusted name among customers across India. Whether you’re planning for a big occasion or looking to invest in gold systematically, GRT gold plan offer the perfect solution. Let’s dive into the details of these GRT gold scheme and how they can help you achieve your gold-saving goals.
Types of Gold Schemes by GRT Jewellers
Check GRT gold saving scheme, designed to help you invest in and celebrate the beauty of gold. GRT Jewellers offers various gold-saving schemes designed to help customers systematically invest in GRT scheme. Below is a detailed overview of grt gold chit scheme, including its benefits, features, and terms and conditions.
| Scheme Name | Duration | Minimum Monthly Payment |
| GRT Golden Eleven Flexi Plan | 11 Months | ₹500 |
| GRT Golden Seed Savings Scheme | Flexible | Based on the selected plan |
| GRT New Golden Eleven Scheme | 11 Months | Based on the selected plan |
| GRT Golden One Flexi | Flexible | ₹500 |
Note: The details provided above are subject to change. For the most accurate and up-to-date information, including specific terms, conditions, and benefits, please refer to the official GRT Jewellers website or contact their customer support.
1. GRT Golden Eleven Flexi Plan
This 11-month scheme allows customers to make fixed monthly advance payments, facilitating the purchase of desired jewelry upon completion.
| Month | Monthly Advance | Gold Rate | Option 1 Weight gm | Option 2 Amount |
| 1 | 10,000 | 5,500 | 1.82 | 10,000 |
| 2 | 10,000 | 5,450 | 1.83 | 10,000 |
| 3 | 10,000 | 5,800 | 1.72 | 10,000 |
| 4 | 10,000 | 5,750 | 1.74 | 10,000 |
| 5 | 10,000 | 5,300 | 1.89 | 10,000 |
| 6 | 10,000 | 5,850 | 1.71 | 10,000 |
| 7 | 10,000 | 5,800 | 1.72 | 10,000 |
| 8 | 10,000 | 5,700 | 1.75 | 10,000 |
| 9 | 10,000 | 5,650 | 1.77 | 10,000 |
| 10 | 10,000 | 5,550 | 1.80 | 10,000 |
| 11 | 10,000 | 5,500 | 1.82 | 10,000 |
| 19.58 | 1,10,000 | |||
| Total Accumulated Weight | Total Accumulated Amount |
Features & Benefits of GRT Golden Eleven Flexi Plan:
- Flexible Payments: Customers can choose a monthly installment amount starting from ₹500.
- No Wastage or Making Charges: Upon completion, customers can purchase gold jewelry without wastage or value addition (VA) charges, except for certain items like diamonds, platinum, uncut diamonds, ruby, emerald, ethnic and vintage jewelry, pooja items, silver articles, and silver jewelry.
- Passbook Provided: The bank issues a passbook to track all payments and transactions.
Terms and Conditions
| Condition | Details |
| Installment Duration | Must be paid monthly for 11 months without fail. |
| Purchase Eligibility | Jewelry can be purchased one month after completing all installments. |
| Refunds | No cash refunds are allowed. |
| Defaulters | Full installments must be paid to avail of discounts. The system extends purchase eligibility based on missed months. |
| Discontinuation | – Within 7 months: No discounts. – 8th-10th month: 60% discount on one month’s installment amount. |
| Additional Charges | Wastage and making charges apply based on jewelry type. |
| Verification | Member’s signature is verified at maturity. |
| Taxes | Government taxes and VAT must be borne by the member. |
| Terms Changes | Subject to change at GRT Jewellers’ discretion. |
| Legal Disputes | Handled by courts in Chennai. |
2. GRT Golden Seed Savings Scheme
This scheme allows customers to invest in gold by making monthly installments, with the equivalent gold weight credited to their account at the prevailing rate.
Features & Benefits of GRT Golden Seed Savings Scheme:
- Protection Against Price Fluctuations: Gold price volatility safeguards investments.
- Online Payments: You can pay installments online via debit, credit, or net banking.
- Flexible Redemption: Customers can redeem the accumulated gold weight for jewelry after completing the installments.
Terms and Conditions
| Condition | Details |
| Installment Duration | Pay monthly by the 10th for 15 months. |
| Payment Location | Pay at the enrolled showroom; redeem gold from any showroom. |
| Installment Terms | Fixed installments; maturity date cannot be changed. |
| Dishonored Cheques | Gold rate on realization date applies; missed payments extend maturity. |
| Redemption | Redeem the full accumulated gold one month after the final installment. |
| Refunds | No cash refunds are allowed. |
| Gold Rate | Based on the redemption date’s gold rate. |
| Combining Offers | It cannot be combined with other offers. |
| Excess Gold Purchase | Pay wastage and cost difference for purchases exceeding accumulated gold. |
| Wastage Over 18% | Customers pay extra wastage charges for plain gold over 18% wastage. |
3. GRT New Golden Eleven Scheme
Similar to the Golden Eleven Flexi Plan, this scheme requires 11 monthly installments, allowing customers to purchase their desired jewelry upon completion.
Features & Benefits of GRT New Golden Eleven Scheme:
- No Making Charges: Customers can purchase jewelry without making charges.
- No Wastage Charges: They do not apply any wastage charges, making it a cost-effective option.
- Simple Enrollment: Customers can join by filling out a simple form.
Terms and Conditions:
| Category | Details |
| Installment Payment | Pay equal installments for 11 months before the 10th of each month. You must make payments above ₹17,000 via non-cash methods. |
| Benefits and Discounts | 50% discount on Wastage (VA) for jewelry with up to 18% Wastage upon completion. People can make purchases from the 10th month or within 345 days. |
| Discontinuation Rules | No benefits for discontinuation within 6 months. Discounts on Wastage (VA) from 30% to 50% for discontinuation in the 7th–10th months. |
| Payment Methods | Pay at any GRT showroom or online via the website or app. |
| Redemption Rules | Use accumulated value/gold weight within 345 days. No cash refunds. |
| Taxes and Charges | GST and other government levies to be paid by the customer. |
| KYC and Notifications | KYC is required for enrollment and nominees. Inform GRT of address changes or receipt book loss. |
| General Terms | Full installment payments are required to remain eligible. No combining with other offers. GRT reserves the right to modify terms. |
| Legal Jurisdiction | Disputes will be handled in Chennai courts. |
4. GRT Golden One Flexi
This flexible scheme allows customers to make monthly payments, accumulating savings over a specified period to purchase jewelry upon maturity.
Features & Benefits GRT Golden One Flexi:
- Flexible Payments: Customers can choose the installment amount and duration.
- Potential Discounts: Benefits on making charges and wastage may be available, depending on the terms of the scheme.
- Online Management: Customers can manage their accounts and payments online.
Terms and Conditions :
| Category | Details |
| Plan Duration | 11 months, minimum enrollment ₹50,000, non-transferable payments. |
| Payment Methods | Cash (up to ₹1,99,000), DD, cards, NEFT/RTGS, UPI, cheques. Cheque dishonor charges apply. GRT showrooms, the website, or the app accept payments. |
| Purchases & Benefits | Start purchases in the 10th month, and complete within 360 days. No VA charges up to 18%. 20% VA discount on excess weight. |
| Discontinuation Rules | No benefits if discontinued within 5 months. VA discounts: 50%-80% for 6th to 9th months, no VA up to 18% for the 10th month. |
| Old Gold Exchange | Old gold value can be used as a one-time advance. |
| KYC & Nomination | KYC mandatory. Nominees allowed with documentation. |
| Taxes | GST and applicable taxes borne by the customer. |
| General Rules | No interest on payments. Receipt book required. Terms may be modified. |
| Legal Jurisdiction | Disputes resolved in Chennai courts. |
Conclusion
GRT Jewellers offers diverse and convenient gold schemes for occasions like weddings, festivals, or simply building reserves. From the Monthly Scheme to the 11-month Plan, there’s a plan for everyone. Online payments make saving for gold easy. Begin your gold investment journey today with GRT and enjoy the lasting value of gold.
Understanding the latest gold loan trends in India, exploring types of gold, and knowing the reasons to invest in gold can help you decide whether gold rates will decrease, while also identifying the best banks for gold loans.
Check the top gold investment schemes in India for smarter savings and secure financial growth
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Frequently Asked Questions
Q. How do GRT Gold Schemes work?
A. GRT Gold Schemes allow you to invest monthly in installments towards buying gold at maturity, often with bonus or discount benefits.
Q. What are the benefits of investing in GRT Gold Schemes?
A. Benefits include disciplined savings, protection against gold price fluctuations, flexible tenure, and bonuses on maturity.
Q. Does GRT Gold Schemes pose any risks?
A. Risks include market volatility, penalties for missed payments, and potential loss of benefits for premature withdrawal.
Q. How can I invest in GRT Gold Schemes?
A. Visit a GRT store or their official website, select a scheme, and start by making the first installment.
Q. What are the minimum and maximum investment limits for GRT Gold Schemes?
A. Minimum investments usually start as low as ₹500 per month, while maximum limits vary by scheme.
Q. Can I withdraw my investment from GRT Gold Schemes before maturity?
A. You can withdraw prematurely, but doing so may reduce your benefits or result in penalties, depending on the scheme’s terms.
Q. Are GRT Gold Schemes safe and secure?
A. Yes, as GRT is a trusted jeweler, the schemes are secure and backed by their reputation, but verify terms before investing.
Q. How do GRT Gold Schemes calculate returns?
A. GRT typically calculates returns based on gold price trends, bonuses offered, and the scheme duration.
Q. Where can I find more information about GRT Gold Schemes?
A. Visit the official GRT Jewellers website, contact customer support, or inquire at the nearest GRT outlet.
