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The Swarna Mudra plan offers customers a plan to accumulate Swiss Gold Grams at periodic intervals and at the end of the term offer fulfillment in 24 Carat Swiss Gold Coins of
99.99% purity. The plan also comes with the added benefit of a free Life risk cover.
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Surat Diamond Jewellery Pvt. Ltd. Vasant Vilas, 5th Floor,
31 Dr. D.D. Sathye Marg,
Near Girgaum Portuguese Church, Mumbai 400 004.
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Reliance Infrastructure Finance Pvt.
Ltd. H. Block, 1st Floor,
Dhirubhai Ambani Knowledge City,
Opp. Khoparkhairane Railway Station, Navi Mumbai – 400 710.
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RMP Infotec Private Limited,
No 100,Mahalingapuram Main Road,
F1 Apollo Dubai Plaza
Chennai 600 034.
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Eligibility
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Any resident Indian Individual
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Minimum Initial Advance
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Rs.12000/-
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Minimum Monthly Advance
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Rs.2000/- and in multiples of Rs.1000/- thereafter
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Tenure
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3 / 5 / 7 / 10 years
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Lock-in Period
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12 months. Customer cannot fulfill within the lock-in period.
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Gold Coin Purity
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24 carat imported Swiss Gold Coins of 99.99% purity
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Gold Coin Denominations
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0.5 / 1 / 5 / 8 / 10 gm
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Gold Price
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Gold Price to be declared daily by 11.00 am on business/working days
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Gold Grams Allotment
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Allotment of Gold Grams will be up to 2 decimal points round down based on the prevailing Gold Price as on the date of realization of funds in the bank account of Surat Diamond Jewellery Pvt. Ltd.
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Payment Modes
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Initial Payment by DD in favor of Surat Diamond Jewellery Pvt Ltd payable at Chennai
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Minimum Purchase Value
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Rs.60,000/- promotional offer for 6 month
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Charges & Fees
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- Processing Fee of Rs. 150/- to be levied in case of ECS/Direct Debit bounce or failure to realize DD
- Pre-Mature Termination fee shall be payable in case of pre-mature fulfillment in case the cumulative advance amount paid by the customer is less than the Minimum Purchase Value
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Fulfillment
Pre-Mature Termination Fee
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Within12 Months
Not Allowed
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Post 12 Months but before 24 months
Rs8000
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Post 24 onths
Rs.5000/-
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Fulfillment Related Payments
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The customer will have to make the following payments at the time of fulfillment
- Rounding off to the nearest incremental 0.5 grams at the prevailing Daily Gold Price
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Coin making charges of 1% of the Gold Grams value shall apply at the time of redemption if minimum purchase value of 60,000 is not fulfilled.
- Taxes such as VAT and any other applicable State taxes
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Eligibility For Risk Cover
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Resident Indian Individuals between the Age of 18 and 44
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Sum Assured
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On pending Monthly Subscriptions
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Risk Cover Start Date
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3 month from the Start of the Plan
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Risk Claim Settlement
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Risk Claims will be settled only in the form of Gold Coins
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