12+1 Monthly Savings Scheme
Save for 12 months and get the 13th month absolutely free! Build your savings systematically.
Why Choose Our 12+1 Savings Scheme?
8.33% Extra Returns
Get an entire month free, which equals an additional 8.33% return on your investment.
Flexible Tenure
Choose a monthly amount that fits your budget and pay conveniently for 12 months.
Guaranteed Returns
Enjoy fixed returns with our secure savings plan, protecting your money from market fluctuations.
Trusted by Thousands
Join thousands of satisfied customers who have successfully saved with our scheme.
Exclusive Jewelry Redemption
At maturity, customers can redeem their savings for jewelry from our collection or opt for cash redemption. in this term remove the cash section
No Hidden Charges
Transparent scheme with clearly disclosed terms and conditions.
Savings Calculator
See how much you can save with our 12+1 scheme
How The Scheme Works
Choose Your Plan
Select a monthly savings amount that fits your budget, starting from just ₹1,000.
Complete Documentation
Fill out a simple form with your details and complete the KYC process.
Pay Monthly Installments
Pay your chosen amount each month for 12 consecutive months through various payment options.
Receive 13th Month Free
After completing 12 payments, receive the 13th month absolutely free as a bonus!
Redeem Your Savings
At maturity, customers can redeem their savings for jewelry from our collection or opt for cash redemption. in this term remove the cash section
Terms and Conditions
1. Scheme Eligibility
By enrolling in the 12+1 Monthly Savings Scheme, you agree to the following terms and conditions:
1.1. Eligibility Criteria
You must be at least 18 years of age and have a valid identity proof (Aadhaar, PAN, Voter ID, or Passport) to enroll in this scheme. Foreign nationals may be subject to additional regulations.
1.2. Minimum Investment
The minimum monthly investment amount is ₹1,000. There is no upper limit on the monthly investment amount.
2. Payment Terms
2.1. Installment Schedule
Monthly installments must be paid on or before the due date each month for 12 consecutive months. A grace period of 7 days is allowed for late payments.
2.2. Payment Methods
Payments can be made through cash, cheque, demand draft, online transfer, UPI, or other digital payment methods accepted by Shree Kameshwari Jewellers.
2.3. Late Payment Charges
A late payment fee of ₹50 per month will be applicable for payments made after the grace period. Consistent late payments may affect eligibility for the 13th month bonus.
3. Maturity and Redemption
3.1. Scheme Completion
Upon successful completion of 12 monthly installments, the customer becomes eligible for the 13th month bonus, which equals one monthly installment amount.
3.2. Redemption Options
At maturity, customers can redeem their savings for jewelry from our collection or opt for cash redemption. in this term remove the cash section
3.3. Redemption Timeline
Customers must redeem their savings within 3 months of scheme completion. Unredeemed amounts after this period will not be eligible for the 13th month bonus.
4. Default and Penalty
4.1. Default Definition
A customer is considered in default if they fail to pay 3 consecutive monthly installments.
4.2. Penalty for Default
In case of default, the customer forfeits the 13th month bonus and may be subject to additional penalties as per company policy.
5. Scheme Modification
Shree Kameshwari Jewellers reserves the right to modify the terms and conditions of the scheme with prior notice of 30 days. Such modifications will not affect existing customers unless mutually agreed upon.
6. Dispute Resolution
Any disputes arising from this scheme will be subject to the jurisdiction of the courts in Dahanu. Customers are encouraged to first approach the customer service team for resolution of any issues.
For complete terms and conditions, please visit our store or contact our customer service. (+91 8010783962)
Frequently Asked Questions
What is the 12+1 Monthly Savings Scheme?
Our 12+1 Monthly Savings Scheme allows you to save a fixed amount monthly for 12 months, and we add the 13th month absolutely free. This means you pay for 12 months but receive the value of 13 months.
What is the minimum monthly savings amount?
You can start with as little as ₹1,000 per month. There's no upper limit, so you can save as much as you're comfortable with.
Can I change my monthly savings amount during the scheme?
Yes, you can increase your monthly savings amount at any time. However, once decreased, it cannot be increased again within the same scheme period.
What happens if I miss a monthly payment?
If you miss a payment, you can pay it along with the next month's installment. However, consistent timely payments are required to be eligible for the 13th month bonus.
Can I redeem my savings before the completion of 12 months?
Early redemption is possible but may not be eligible for the 13th month bonus. Terms and conditions for early redemption apply.
How can I redeem my savings after completion?
After completion of 12 months, you can redeem your savings for exquisite jewelry from our collection.
Start Your Savings Journey Today
Join thousands of smart savers who are building their wealth with our 12+1 Monthly Savings Scheme
Join the Scheme Now