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MDV Swarna Eleven · gold savings scheme

Save in grams, month by month.

Pay from Rs 500 a month for 11 months. Every payment becomes 22K gold grams at that day's approved rate, and making charges are waived up to 18% when you redeem.

Join at the shop Work out my grams

Already a member? Sign in and pay this month

How your gold adds up

Eleven payments. Each one adds gold.

Each payment buys grams at that day's approved 22K rate. The grams are yours and never go down. Skip a month and nothing is lost.

    At today's 22K rate, per gram. Sample, for illustration.

    Calculator

    What your monthly amount buys

    Rs 25,000
    Rs

    After 11 months, at today's rate

    Each monthat per gram, 22K
    You pay in total
    Making waived, worth up toup to % on the saved weight
    The rate is locked per payment. Each payment buys grams at the 22K rate approved that day, so your real grams depend on each day's rate. This uses today's rate for all eleven only to show the idea.

    How it works

    Simple enough to explain at the counter.

    Every payment is emailed to you as a receipt with the amount, the rate it locked and the grams it bought. The shop sees the same numbers you do.

    Pay each month

    By UPI from your member account, or in cash at the counter. The amount is fixed at signup, from Rs .

    Grams are added

    Each payment becomes 22K grams at that day's approved rate, rounded down to the milligram. A later fall in the rate never takes grams away.

    Skip a month freely

    Missed a month? It is simply skipped. No penalty, no fee, no catch-up payment. What counts is the gold you saved.

    Redeem for gold

    After 11 months, use your grams for any gold ornament or a 22K coin, with making waived up to % on the saved weight.

    A worked redemption

    4.8 g saved. A 6 g necklace chosen.

    Your saved grams pay for the first 4.8 g, and the making on that weight is waived up to the scheme limit. Only the extra 1.2 g is billed, with its making and GST.

    Sample figures at today's rate. The real bill is made at the counter at the rate approved that day. If an ornament's making is above %, the part above it is billed on the saved weight too.

    0 gOrnament, 6.000 g, 22K, making 14% (sample)

    The rules, in full

    Scheme terms.

    You get these terms in writing when you join, and they stay on this page. Nothing changes for a running scheme without telling you first.

      Questions members ask

      Before you join.

      Still unsure? Call or ask at the counter.

      Join

      Join at the shop.

      Joining is done in person, with you, so your details are right from the first day.

      1. Visit with your phone and an IDStaff look at the ID to check your name. It is not copied or stored.
      2. Staff sign you upYou choose the monthly amount and pay the first month, in cash or UPI.
      3. Your login is emailed to youSign in with your phone or email to see your grams and pay each month.
      Call before you come Find the shop

      Already a member? Pay this month

      The scheme is run by under its own name and terms. These terms are reviewed by a lawyer before launch. Jewellery savings schemes are governed by Indian law.