RMP NEW PRODUCTS: SWARNA MUDRA PLAN

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.

Surat Diamond Jewellery Pvt. Ltd. Vasant Vilas, 5th Floor, 31 Dr. D.D. Sathye Marg, Near Girgaum Portuguese Church, Mumbai 400 004.

Reliance Infrastructure Finance Pvt. Ltd. H. Block, 1st Floor, Dhirubhai Ambani Knowledge City, Opp. Khoparkhairane Railway Station, Navi Mumbai – 400 710.

RMP Info Tec Pvt. Ltd., No 100,Mahalingapuram Main Road, F1 Apollo Dubai Plaza Chennai 600 034.

PRODUCT INFORMATION

Feature

Description

Eligibility

Any resident Indian Individual

Minimum Initial Advance

Rs.12000/-

Minimum Monthly Advance

Rs.2000/- and in multiples of Rs.1000/- thereafter

Tenure

3 / 5 / 7 / 10 years

Lock-in Period

12 months. Customer cannot fulfill within the lock-in period.

Gold Coin Purity

24 carat imported Swiss Gold Coins of 99.99% purity

Gold Coin Denominations

0.5 / 1 / 5 / 8 / 10 gm

Gold Price

Gold Price to be declared daily by 11.00 am on business/working days

Gold Grams Allotment

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.

Payment Modes

Initial Payment by DD in favor of Surat Diamond Jewellery Pvt Ltd payable at Chennai

Minimum Purchase Value

Rs.60,000/- promotional offer for 6 month

Charges &  Fees

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 Fulfillment Pre-Mature Termination Fee Within12 Months Not Allowed Post 12 Months but before 24 months Rs8000  Post 24 onths  Rs.5000/-

Fulfillment Related Payments

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 Coin Making Charges of 1% of the Gold Grams Value shall apply at the time of fulfillment Taxes such as VAT and any other applicable State taxes

Eligibility For Risk Cover

Resident Indian Individuals between the Age of 18 and 44

Sum Assured

On pending Monthly Subscriptions

Max. Risk Cover

10 lakhs

Risk Cover Start Date

3 month from the Start of the Plan

Risk Claim Settlement

Risk Claims will be settled only in the form of Gold Coins

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