Nathella-Thanga Magal Plan

Discussion in 'Money Matters' started by Ooviya, Jun 1, 2014.

  1. Ooviya

    Ooviya Platinum IL'ite

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    Hi,

    Many of them have watched a add reg.Nathella-Thanga Magal Plan...Any one join in this?? how it is works in future?? is it worth??


    Pls share if u know about it...
     
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  2. aparsree

    aparsree New IL'ite

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    hi, jewellery savings schemes are always good because it encourages compulsory savings and before you realize, you would have a big chunk of money for buying jewellery. this is more useful for those who have young/teenage daughters because you can continue to buy some jewellery every year until the time of marriage.

    If you do that, you will not be blocking big amount at the time of wedding. About Nathella, it is a reputed jeweller and has very good designs. Also you are not compelled to buy jewellery; you can even buy gold coins from them. I would think it is a good option.

    Personally I dont live in Chennai; otherwise I would have joined the scheme. In Bangalore, I am doing monthly savings through Bhima, Tanishq etc.
     
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  3. Ooviya

    Ooviya Platinum IL'ite

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    Thank u for your reply...
     
  4. mithra3412

    mithra3412 Platinum IL'ite

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    hi it seems all long periods are getting cancelled

    we went to store to pay my kids Bday plan

    they are saying all plans are getting converted to only 11 months plans as per RBI rules it seems

    so wait for some more time (as there will be hearing on this as per the request of jewlery shop owners ) then go for it :)

    or else wil give u update once we get the info from the store

    BTW i received the info from hyd shop i hope same will be case in chennai also
     
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  5. Ooviya

    Ooviya Platinum IL'ite

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    Is it??? please confirm by anyone from Chennai...
     
  6. mithra3412

    mithra3412 Platinum IL'ite

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    ha ha i dont have any friends from chennai who knows these details :)
     
  7. Shanvy

    Shanvy IL Hall of Fame

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  8. mithra3412

    mithra3412 Platinum IL'ite

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    yeap there will be no bonus but there will be no making and wastage charges in Nathella
     
  9. Ooviya

    Ooviya Platinum IL'ite

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    I have read that rules and regu. of nathella ... they told ITS A SINGLE PAYMENT OR EXCHANGE OF GOLD ....ITS FOR FIVE YEARS LOCK IN PERIOD...RS.1940 PER GRAM.. ITS APPLI.IN CHENNAI/ OOSUR AND VELLORE ONLY..
     
  10. gayathrikarthik

    gayathrikarthik New IL'ite

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    Hi, Recently we have joined in this plan, for our little kid. On every installment payment they updated the balance we hold, it's worth able for future return better spending at now, to avoid future burden. (paying monthly will not a burden at present instead spending lump sum at our requirement. Regards, Gayathrikarthik
     
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