Suvarna Samruddhi is a 12 months benefit
scheme in which you will have to pay just for 10
The scheme can be joined in by investing
Minimum Rs. 2000 and maximum Rs. 10000
(only in denominations of 1000).
At the end of the term along with your invested
amount, a bonus of minimum Rs. 1300 to maximum Rs. 6500 will be deposited in your
account. You can buy any jevwellery with this
The amount decided is to be invested only for
10 months. The jewellery can be purchased
from the 20th of the 11th month till 20th of the
Documents to be required for opening Suvarna Samruddhi A/C:
- A/C Holder Photo & Nominee Photo
- A/C Holder ID Proof & Nominee ID Proof - Pan Card / Adhar Card / Driving Licence
- Copy of Bank Details
Benefits of the Scheme
Under this scheme every year, you get the
benefit of the bonus and are able to buy the
astounding jewellery of VG adding to your
Since 2002 all varieties of VG jewellery are
authenticated by BIS Hallmark.
VG is certified by CRISIL as BBB+ Gujarat's
leading retail jewellery company for
Certified as ISO 9001-2008 as South Gujarat's
First Retail Jeweller since 2010.
"Suvarna Samruddhi" is a well organised
scheme of buying jewellery with a regular
The amount to be invested in "Suvarna Samruddhi"
Scheme has to be deposited regularly between stand
10th day of every month for 10 months.
Investor has to be above 18 years. Standardised Indian
identity proof along with 2 passport size colour photo
has to be produced.
The first installment has to be in cash and the
remaining can be paid by AT PAR cheques.
Customers will have to give their bank details and will
have to inform in case of change in bank.
Under the scheme any gold, diamond studded or polki
jewellery can be purchased from any of the VG
showrooms in Valsad or Vapi. Bullions are not
included in the scheme.
The customer will be solely responsible for any
dishonoured cheque and the company will charge Rs.
200 for the same.
In case you want to leave the scheme then a 2% will be
deducted from the invested amount as a
administrative charge and the remaining will be
deposited in your bank account without bonus.
You can appoint a nominee/successor by filling up a
The investment amount once decided cannot be
The benefits or returns of this scheme shall not be joint
or clubbed with any other scheme of the company.
For any reason if you are not buying any jewellery
then your invested amount will be deposited in your
bank account without any bonus after 20th day of 12th
For any reason if the investor fails to pay the
installment within 10th day of any month then Rs. 200
will be deducted from bonus. If the investor fails to
pay the installments for three months then all the paid
amount will be deposited in the bank account without
If the investor needs to purchase Jewellery before the
period of 1 year, then he can purchase only with the
deposited amount. The amount of bonus will not be
Investor should collect the receipt of each
installments, it should be duly registered in the
In case the passbook is lost, the investor have to
inform in the VG office in writing. It is responsibility
of the investor only.
Investor bares the responsibility to pay the
installments Company will not intimate to pay the
Each installment has to be paid in their respective
months, advance payment is not allowed.
The customer will be solely liable for the Tax levied
by Gujarat State or Central Government.
VG holds the right and privilege to change the clauses
of the scheme without any prior notice. All rights
related with the scheme belong to VG only. In case of
any misunderstanding or dispute the final decision
will be given by VG.
Subject to Valsad Jurisdiction.