Prince Jewellers is a renowned name in the jewelry industry, celebrated for its exquisite craftsmanship and trust built over decades. Established in Chennai, Prince Jewellers has expanded its reach with a commitment to offering the finest gold, diamond, and silver collections. Prince Jewellers also provides tailored gold investment schemes, like the Gold Saving Scheme, catering to customers who value both beauty and financial planning.
In this blog, we will explore the details of the Prince Jewellers Gold Saving Scheme, its features, benefits, and how you can make the most of it.
More About Prince Jewellers Gold Scheme
The Prince Jewellers Gold Scheme is a customer-friendly saving plan that allows individuals to systematically invest small amounts every month, making it easier to purchase gold jewelry. The Flexi 100 Plan offers flexible options and designs the scheme to suit a variety of budgets and preferences.
1. Prince Jewel Plus
Prince Jewellers offers the Prince Jewel Plus, a savings-oriented gold scheme designed for customers who want to gradually invest in gold jewelry without feeling a financial burden. This plan allows customers to make fixed monthly contributions over a specified period, providing a systematic way to save for future gold purchases. At the end of the plan, customers can redeem their accumulated savings along with added benefits such as discounts on making charges or additional bonuses.
Key Features of Prince Jewel Plus:
| Feature | Details |
| Flexible Savings | Choose a monthly installment amount based on your budget (e.g., ₹1,000 or multiples thereof). |
| Tenure | Typically runs for 11 months, with other flexible durations available. |
| Bonus Benefit | At the end of the scheme, Prince Jewellers contributes an additional installment amount as a bonus. |
| Easy Redemption | Redeem accumulated savings and bonuses to purchase gold jewelry of your choice. |
| Discounts | Avail discounts on making charges when buying gold jewelry. |
2. Flexi 100 Scheme
The Flexi 100 Scheme by Prince Jewellers is a unique and customer-friendly gold savings plan designed to offer maximum flexibility to investors. It allows participants to save for gold purchases by making regular contributions while enjoying the freedom to choose the amount and duration that best fits their financial goals.
Key Features of the Flexi 100 Scheme:
| Feature | Details |
| Flexible Contributions | Deposit any amount starting from ₹100 in multiples of ₹100 at your convenience. |
| No Fixed Installments | Allows varying monthly contributions without the need for fixed payment amounts. |
| Duration | Flexible saving period tailored to individual needs. |
| Bonus Benefits | Enjoy additional perks like discounts on making charges or added value on the accumulated amount upon scheme completion. |
| Wide Redemption Options | Redeem savings for a variety of gold jewelry collections at Prince Jewellers. |
Why Choose the Flexi 100 Scheme?
- Complete Flexibility: No rigid installment amounts or strict timelines.
- Ease of Saving: Small, manageable contributions starting as low as ₹100.
- Accessibility: Payments can be made online or in-store, ensuring convenience.
- Goal-Oriented: Perfect for individuals saving towards weddings, special occasions, or personal investments in gold.
This scheme is ideal for those looking for an easy and adaptable way to save for gold jewelry, catering to both small and large budgets while ensuring added value at the time of redemption.
Advance Gold Purchase Scheme
The Advance Gold Purchase Scheme offered by Prince Jewellers is a practical plan for customers who want to safeguard themselves against fluctuating gold prices. This scheme allows individuals to lock in gold rates by making advance payments, which protects them from future price hikes while helping them save systematically for gold purchases.
Key Features of the Advance Gold Purchase Scheme:
| Feature | Details |
| Gold Rate Lock-In | Payments are converted into gold weight based on the prevailing rate on the day of payment. |
| Flexible Payments | Save systematically or as per your budget with payments made at your convenience. |
| Wide Redemption Options | Redeem accumulated gold weight for jewelry, coins, or ornaments. |
| Security | Protects your investment by growing in value as gold prices rise, offering a hedge against inflation. |
Benefits of the Advance Gold Purchase Scheme:
- Price Protection: Shield yourself from rising gold prices by locking in rates with every payment.
- Convenience: No fixed installments—make payments whenever suitable.
- Customization: Perfect for individuals planning future gold purchases for weddings, festivals, or personal investments.
- Flexible Redemption: Accumulated gold weight can be redeemed at any Prince Jewellers store.
The Advance Gold Purchase Scheme is ideal for customers seeking to maximize their gold investments while benefiting from price stability and the flexibility to save at their own pace.
Benefits of the Prince Jewellers Gold Scheme
The Prince Jewellers Gold Scheme offers a unique opportunity for individuals to invest in gold while enjoying a range of benefits that enhance both financial security and personal luxury.
1. Flexible Payment Options: Choose your monthly installment based on your financial capacity.
2. No Hidden Charges: Transparent terms ensure there are no hidden costs or deductions.
3. Bonus Benefits: Receive additional bonuses from Prince Jewellers upon completion of the scheme.
4. Secure Investments: Enjoy peace of mind as your contributions are directed toward purchasing high-quality gold jewelry.
5. Wide Range of Redemption Options: Redeem your accumulated savings for a wide variety of gold ornaments and coins.
Understanding How the Prince Jewellers Gold Scheme Works
The Prince Jewellers Gold Scheme is designed to make gold investment easy and accessible. This scheme allows you to buy gold over time, helping you save and invest without any hassle.
- Enrollment: Visit your nearest Prince Jewellers store or register online to join the scheme.
- Monthly Contribution: Choose a fixed amount to save each month, starting from ₹1,000 or in multiples of ₹1,000.
- Duration: Save for a period of 11 months or choose from other flexible options.
- Bonus: Prince Jewellers adds a bonus equal to one month’s installment upon successful completion of the scheme.
- Redemption: Use your accumulated savings and bonus to purchase beautiful gold jewelry.
Reasons to Choose Prince Jewellers Gold Scheme
1. Reputation and Trust: With decades of experience, Prince Jewellers is a trusted brand known for its quality and craftsmanship.
2. Affordable Gold Ownership: Systematic savings make it easier for customers to own gold jewelry without feeling financial pressure.
3. Attractive Bonus Offers: The bonus upon maturity enhances the overall value of your savings.
4. Wide Jewelry Collection: Choose from an extensive range of necklaces, bangles, earrings, and more
Steps to Enroll in the Prince Jewellers Gold Scheme
1: Visit a Store or Website:- Visit Prince Jewellers’ showroom, which is their flagship outlet in T Nagar, Chennai. Alternatively, register online through their official portal.
2: Choose Your Plan:- Decide on your monthly installment amount and tenure.
3: Submit Documents:- Provide basic KYC documents during enrollment.
4: Start Contributing:- prince jewellery gold scheme online payment through cash, debit/credit cards, UPI, or net banking.
Prince Jewellers Gold Scheme Calculator
Use the Prince Jewellers Gold Scheme Calculator to estimate your returns. For instance:
| Monthly Contribution | Tenure (Months) | Bonus (Equivalent to 1 Month) | Total Value |
| ₹1,000 | 11 | ₹1,000 | ₹12,000 |
| ₹2,000 | 11 | ₹2,000 | ₹24,000 |
| ₹5,000 | 11 | ₹5,000 | ₹60,000 |
Note: The actual value will depend on gold rates at the time of redemption.
Conclusion
The Prince Jewellers Gold Scheme is a smart and secure way to invest in gold, offering flexibility, transparency, and attractive bonuses. Whether you’re planning for a special occasion or simply looking to secure your financial future with gold, this scheme provides an excellent opportunity. Visit your nearest Prince Jewellers store or their website to explore the options and start your journey toward gold ownership today!
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Frequently Asked Questions
Q. What is the Prince Jewellers Gold Scheme?
A. The Prince Jewellers Gold Scheme is a savings plan allowing customers to invest monthly in gold and redeem their savings for jewelry purchases at the end of the tenure.
Q. How does the Prince Jewellers Gold Scheme work?
A. Customers make fixed monthly installments for 11 months, and on maturity, the accumulated amount can be used to purchase jewelry at prevailing gold rates.
Q. What are the benefits of joining the Prince Jewellers Gold Scheme?
A. Benefits include disciplined gold savings, the ability to lock in rates, and flexibility in choosing jewelry upon scheme maturity.
Q. What are the different types of gold schemes offered by Prince Jewellers?
A. Prince Jewellers offers schemes like the Gold Plus Savings Plan and customized advance gold purchase plans to suit individual needs.
Q. How can I enroll in the Prince Jewellers Gold Scheme?
A. Enrollment can be done by visiting a Prince Jewellers outlet and signing up for the scheme after providing necessary details and initial payments.
Q. What is the minimum amount required to start the scheme?
A. The minimum monthly installment typically depends on the scheme chosen, often starting from an affordable amount.
Q. What is the duration of the gold scheme?
A. The standard duration for most gold schemes is 11 months, after which customers can redeem their savings.
Q. Are there any penalties for premature withdrawal from the scheme?
A. Depending on the terms, premature withdrawal may result in a loss of benefits or discounts offered under the scheme.
Q. How is the gold value calculated in the scheme?
A. The value is calculated based on the prevailing market rate of gold on the day of purchase during redemption.
