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Members Gold Contribution Scheme

Gold loan jewellery
Members Gold Contribution Scheme (MGS)

Earn Monthly Income from the Gold You Own

Turn the gold kept at home into a regular monthly income opportunity. Under the Members Gold Contribution Scheme, eligible members receive rent payout based on the total weight of gold contributed, along with valuable loyalty benefits and flexible redemption options.

Monthly
Rent Payout
Exclusive
Loyalty Benefits
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Loyalty Benefits

Monthly Rent Payout Rates

The monthly rent payout is determined by the total grams of gold contributed under the scheme. Higher contribution slabs receive higher payout rates.

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Up to 39 Grams

Rent payout rate: Rs. 40/- per gram, per month.

40 Grams to 99 Grams

Rent payout rate: Rs. 45/- per gram, per month.

100 Grams and Above

Rent payout rate: Rs. 50/- per gram, per month.

Redemption Conditions

Before 1 Year: Pre-closure charges and reversal of benefits previously availed by the member.

After 1–2 Years: Gold redemption at the retail manufacturing rate with a special discount.

After 2 Years: Redemption is available at 2% on making charges for ornaments with a making cost up to 15%. Any additional making charges must be paid by the member.

After 3 Years: Gold can be redeemed without making charges for ornaments having making charges up to 15%. The society will bear the cost irrespective of the ornament, while the member is responsible for any additional making charges.