Reliance Money Precious Metals Pvt. Ltd. (RMPM), a Reliance Capital company, and World Gold Council present My Gold Plan. It’s a first of its kind gold accumulation plan that offers the customers the unique opportunity to start accumulating physical gold using a daily price averaging methodology. A minimum subscription of Rs. 1000 per month translates to accumulation of gold for as low as Rs. 50 per day.
Benefits of Reliance My Gold Plan
It instantly transforms your DAILY savings into gold
Reliance My Gold Plan enables you to save in 24 karat, 995 Fineness pure gold daily and convert this gold into coins or Jewellery at the end of period.
It is 100% secure and backed by physical gold.
It makes gold accessible
You don’t have to wait till you have “enough” money.
My Gold Plan lets you start saving from Rs.1000 per month.
It provides you with daily price averaging
Reliance My Gold Plan splits your purchases into equal parts, spread across 20 working days of a month, thereby insulating you from price volatility.
It lets you convert accumulated gold easily
Reliance My Gold Plan allows you to convert your accumulated gold grams into coins or jewelry at multiple outlets across India.
It gives you the flexibility to choose a tenure of your choice.
You can choose from tenure 1 year to 15 years based on your objectives.
More about Reliance My Gold Plan
Who can apply ?
Resident and Non-Resident Indians, Minors and HUFs.
Minimum purchase amount
The minimum purchase (subscription) amount for the first month is Rs.1000 and in multiples of Rs. 100/- thereafter.
20-day average price
Reliance My Gold Plan splits your purchases into equal parts, spread over 20 working days of a month, thereby insulating you from price volatility.
Gold prices (up to 2 decimal points) will be calculated and declared by RMPM for all business days. This price will be updated on our website http://www.reliancemgp.com on a daily basis.
6 months (Fulfillment not allowed during lock-in period).
Mode of payment
First time purchase mode must be via Cheque / DD/Pay Order.
Recurring monthly purchase mode: Cheque / DD / Pay Order / Direct Debit / ECS /
Gold micro grams credited
Gold grams of 24 Carat gold of 995 fineness and up to 4 decimal points rounded down shall be allotted to the customers under Reliance My Gold Plan.
Statement of holdings
A monthly SOH reflecting your purchases, daily price and your accumulated gold grams will be issued.
Monthly Statement will be sent via e–mail and Physical statement to be sent annually as of 31st March.
Physical Statement dispatched within 20 business days.