About SMJ Smart Scheme
SMJ Smart Scheme – Ponmagal Gold Saving Plan:
Ponmagal is a structured, gold weight-based savings scheme offered by SMJ SENTHIL MURUGAN JEWELLERS. Save systematically and convert each payment to 22kt gold weight at the prevailing board rate. On redemption, enjoy zero making and wastage charges within your accumulated gold weight (T&C apply).
Key Features
1. Minimum Monthly Payment – Start at ₹1,000, and pay in multiples of ₹1,000.
2. Scheme Duration – Runs for 11 months.
3. Account Opening – Open the savings scheme in-store. After activation, the next 10 monthly instalments can be paid through this app.
4. Gold Conversion – Every monthly payment is converted to gold weight at the current 22kt board rate (at the time/date of payment).
5. Gold Accumulation – The corresponding gold weight is credited monthly to your scheme account.
6. Making & Wastage Charges – No making or wastage charges on items purchased within your accumulated weight. Stone cost, if applicable (gold/silver ornaments), is borne by the customer.
Redemption
• After successfully completing 11 monthly instalments, redemption can be done in the 12th month.
• Redemption is allowed only against gold ornaments or silver articles.
• Diamond jewellery, silver MRP products, and gift items are not eligible.
• If selected items exceed the accumulated weight, full making and wastage charges apply on the excess weight.
Payment Options
• Through the App: UPI, credit/debit cards, or net banking via a secure payment gateway.
• In-Store: Cash, card, UPI.
Example: Save ₹2,000 when the 22kt board rate is ₹11,450/g → credit ≈ 0.175 g for that month.
- T&C apply. Scheme benefits, rates, and eligibility as per SMJ SENTHIL MURUGAN JEWELLERS policy.
Ponmagal is a structured, gold weight-based savings scheme offered by SMJ SENTHIL MURUGAN JEWELLERS. Save systematically and convert each payment to 22kt gold weight at the prevailing board rate. On redemption, enjoy zero making and wastage charges within your accumulated gold weight (T&C apply).
Key Features
1. Minimum Monthly Payment – Start at ₹1,000, and pay in multiples of ₹1,000.
2. Scheme Duration – Runs for 11 months.
3. Account Opening – Open the savings scheme in-store. After activation, the next 10 monthly instalments can be paid through this app.
4. Gold Conversion – Every monthly payment is converted to gold weight at the current 22kt board rate (at the time/date of payment).
5. Gold Accumulation – The corresponding gold weight is credited monthly to your scheme account.
6. Making & Wastage Charges – No making or wastage charges on items purchased within your accumulated weight. Stone cost, if applicable (gold/silver ornaments), is borne by the customer.
Redemption
• After successfully completing 11 monthly instalments, redemption can be done in the 12th month.
• Redemption is allowed only against gold ornaments or silver articles.
• Diamond jewellery, silver MRP products, and gift items are not eligible.
• If selected items exceed the accumulated weight, full making and wastage charges apply on the excess weight.
Payment Options
• Through the App: UPI, credit/debit cards, or net banking via a secure payment gateway.
• In-Store: Cash, card, UPI.
Example: Save ₹2,000 when the 22kt board rate is ₹11,450/g → credit ≈ 0.175 g for that month.
- T&C apply. Scheme benefits, rates, and eligibility as per SMJ SENTHIL MURUGAN JEWELLERS policy.
