Muthoot Kanaka Vrishty Insta Gold Scheme:
 

 This plan is unique in nature and first of its kind to be launched by Muthoot in January. Under this plan an individual singly or jointly with any other person can join the plan. The customer can ensure to get the coin/bars after 6 months at today’s price by making the first advance payment being the amount equal to 1/6th of the total amount of the coin/bar. A processing fee of 3% will be charged along with the first advance. Minimum 2gm gold coin/bar has to be purchased to become a member of the plan. Premature withdrawal of the plan is not allowed but under unavoidable circumstances if a customer wishes to do so the first advance amount will lapse and gold coin/bar equivalent to the remaining advances paid will be issued.

For example if a customer wishes to purchase 10gm gold .
 

Benefits to the customer:

	Customer is saved from price fluctuations.
	Minimal amount of today helps to make big earning of tomorrow.

Terms And Conditions Of Mkv Insta Gold
  

1. The name of the plan is Kanaka Vrishty Insta Gold Scheme. It is only for intending to purchase gold coins/bars from the first party by paying its price by way of monthly advances by the second party.

2. The purchase price of the gold coins/bars will be paid by the purchaser by way of monthly advance payments.

3. The total numbers of advance payments are limited to six .It will be counted from the date of payment of the first advance.

4. A processing fee of 3% will be charged along with the first advance.

5. Premature withdrawal of the advance remitted is not permitted. However, due to unavoidable circumstances if the remitter wishes to discontinue from the scheme, first advance amount paid by him will become lapsed and Gold Coin/Bars equivalent to the remaining amount paid till opting out can be realized only at the end of the full scheme period on the invoicing day’s price. In the case of default, participants will not be eligible for other benefits under the scheme. The participants who have remitted below six monthly advance payments eligible for purchase under this plan only after the completion of scheme period.

6. The customer has to pay the first advance amount at the time of joining the scheme and the future advance amounts shall be paid on the same day next month, failing which the customer shall be deemed to have defaulted the payment. Five days grace period will be allowed to the investor for remitting defaulted payment. Overdue interest @ Re1 per Rs.1000/- per day will be levied for the number of days delayed in payment.

7. Final settlement of scheme will not be made in the form of cash, but will be only in the form of Gold coin/bars.

8. For determining the value of the gold coin/bar under this plan price of gold on day of the first advance payment will be taken into account.

9. Additional discounts/ offers are not applicable for the purchase under this scheme.

10. Any increase/additions in taxes/duties and making charges after joining the scheme, such amount will have to be borne by the customer.

11. Booking price of gold is inclusive of 6% customs duty and 1% VAT which may vary according to the fluctuations in gold price/customs duty or change/addition of any other tax. Subsequent changes in the taxes/duties after booking will be added in the remaining advance payment of the customer / at the time of maturity.

12. The decisions of the management of M/s Muthoot Precious Metals Corporation shall be final with respect to the scheme. lf any dispute arises, the Legal jurisdiction will only be at Ernakulam.

13. The period of this plan, due date of advance payment, final date for payment, maturity date of this plan and the minimum advance amount for each customer is separately attached as payment schedule based on the date of joining and will be treated as a part of this agreement.

14. The payment schedule attached shall be treated as a part of this agreement.

15. M/s Muthoot Precious Metals Corporation, reserve all their rights to alter the terms and conditions of this agreement without prior notice to the customer will be bound by the alterations thus made.

16. The customer is deemed to have read, understood and agreed to these terms and conditions at the time of joining.

17. Agreeing to the terms and conditions enumerated above the parties hereunder have affixed their respective signatures in the presence of the following witnesses on the aforesaid date. The original of this agreement is kept by the first party.

18. M/s. MUTHOOT PRECIOUS METALS CORPORATION represented by its ------------Mr.---------------------------------

19. For customers opting for Virtual Account System (VAS) the monthly remittance should be as equal as the amount mentioned in the payment schedule. In case of delay in making monthly remittance, penalty amount (as per clause no.5) will be collected at the time of making final invoice, as applicable.