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Mangalore Jewels
chit scheme
CHIT SCHEMES
Bhagyalakshmi Scheme: (Small Saving Scheme)

This is a monthly savings plan. Here, the member can start the scheme by paying Rs 500/- monthly for a period of 25 months.
Four types of draws are conducted monthly. The draw details are shown below:

After 25 months, the members will get one month bonus and they are supposed to buy Jewelleries from their Chit money. The gold rate will be applied during the time of settlement.

Adrushta Aparanji Scheme:
  • A batch consists of 100 Nos. of Rs.1000/- each for 15 months.
  • Gold rate will be blocked at the date of paying the installment.
  • Every month 5 lucky draws are conducted and the lucky winners will be credited with Rs 500/- in their account.
  • At the end of the scheme, the accumulated pure gold in the members account gets converted  into 22KT Gold .The members are supposed to buy jewelleries from their chit money.
  • The installments have to pay regularly and in case of default within 10th of every month penalty of Rs 200/- will be levied into the members Account for every delayed installment.
  • The members are not eligible to close the Account prior to maturity. In case of Premature closure, the gold accumulations will not be considered and their money accumulations will only be given back after deducting a penalty of Rs 500/-
Adrushta Abharana Scheme:
  1. A batch comprises of 50 members. Period of the scheme is 15months .Investment of Rs 50,000 payable fully during registration. For 15 months totally 50 lucky draws are conducted. The draws are as follows.

    General Draw: Every month there will be three lucky winners out of 50 members who gets 2,500/- prize.
    Megha Prize: Rs 9,000/- megha prize for 1 member on the 1st month, 5th month, 10 month and 15th month.
    Bumper Prize: Rs 50,000/- worth Gold Jewels for 1 member out of 50 members on the 15th month.

  2. A member will have chance to win 2,500/- General prize for 2 times throughout the scheme,9,000/- Megha prize once. Bumper Prize winning chance is given to all 50 members.

Commencing of the Draw after Registration:
The schemes draw will commence once the 50 members gets filled in a batch. Roughly it may take 2 months time for a batch to get filled.

Gold Rate Protection:
The member gets the rate protection i.e. , the Gold rate is blocked during the date of Registration itself.
If the Gold Rate has gone up during maturity, the Rate during registration will be applicable.
If the Gold Rate has come down during maturity, the Rate during maturity will be applicable.
Gold Rate protection is given only for invested amount and not for the prizes

The invested amount and the prizes will have to be redeemed by purchase of Gold , Silver and Diamond Articles only.

 

LATEST RESULT

This Month Result of:

BHAGYALAKSHMI SCHEME
APARANJI SCHEME
ADRUSHTA LAKSHMI SCHEME
ADRUSHTA ABHARANA SCHEME