Golden Promise SIP

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Golden Promise Monthly Gold Deposit Scheme

Build your dream jewellery purchase with House of Guinea's Golden Promise, a smart monthly gold savings plan that protects your investment from fluctuating gold prices.

How the Scheme Works

  • Customers deposit a fixed amount every month for 12 months.
  • Each monthly installment is converted into 22K gold (in grams) at the prevailing gold rate on the date of payment.
  • The purchased gold is accumulated month by month throughout the scheme tenure.
  • On successful completion of all 12 monthly installments, the customer receives a bonus equivalent to one monthly installment in the 13th month, as per the scheme terms.
  • The accumulated gold can be redeemed against the purchase of gold jewellery.

Benefits

  • Buy gold gradually without worrying about future price increases.
  • Every installment is converted into gold immediately at the day's rate.
  • Earn an additional bonus installment on successful completion.
  • A disciplined and convenient way to save for jewellery purchases.

Important Terms

  • Scheme Tenure: 12 Months
  • Gold Purity: 22K
  • Gold Conversion: At the prevailing rate on the installment payment date.
  • Bonus: One installment amount after completion of all 12 installments.
  • Early Discontinuation: Customers who discontinue the scheme before maturity will not be eligible for the bonus or other scheme benefits.

Gold Prices

In the Past 26 years

Per 10 Gram

Gold

Golden Promise - Illustrative Monthly Savings Chart

Example: Monthly Installment = ₹10,000
Gold is converted every month at the prevailing 22K gold rate on the payment date. Rates below are for illustration purposes only.

Month Suppose 22K Gold Price (₹/g) Monthly Installment (₹) Gold Purchased (grams) Cumulative Gold (grams)
13 (Bonus) Redeemed at prevailing gold rate as per scheme terms Bonus Benefit Additional Value
Total Gold Saved (12 Months Tenure) 0.000 gram

Scheme Summary

Note: This chart is for illustration purposes only. Actual gold grams will vary depending on the prevailing 22K gold rate on each installment date.

Golden Promise Monthly Gold Deposit Scheme - Terms & Conditions

  • 1. Monthly deposit minimum: Rs. 1,000/-
  • 2. Passport-size photograph is required.
  • 3. Proof of address with photograph is required.
  • 4. The same amount must be deposited every month.
  • 5. The scheme duration is 12 months.
  • 6. After completion of 12 monthly installments, a bonus equal to one month's installment will be added.
  • 7. Ornaments can be purchased after 13 months (Making Charges & GST extra).
  • 8. Deposited money is not refundable.
  • 9. Only 22 CT gold ornaments can be purchased against the deposited amount.
  • 10. If a customer fails to deposit the monthly installment, a 10% penalty on the monthly installment will be charged.
  • 11. In case of holidays, the monthly installment can be deposited before the due date.
  • 12. If anyone discontinues the scheme before completing 12 months, they can purchase ornaments only up to the deposited amount after the scheme period.
  • 13. This offer is not applicable with any other offers.
  • 14. In case of loss of the Monthly Deposit Book, a new book can be issued on payment of Rs. 50/-.
  • 15. The aforesaid conditions may be changed by the concerned authority.

House of Guinea

(A Unit of Minigini Pvt. Ltd.)

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K. J. Sanyal Road, English Bazar, Malda, West Bengal, India, 732101

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+91 81001 10062 / +91 3512 350615