Founded in 1925, Bhima Jewellers has a long and illustrious history in the gold and jewellery business. Today, the Bhima group has several jewellery stores across the southern parts of India. The main branches of the jewellery group are located in Trivandrum, Kochi, Kozhikode, Bangalore and Madurai.
Bhima Jewellers offers a wide range of products for people interested in buying gold. You can check the Bhima Jewellery gold rate today online, take a look at the various jewellery designs available, and make your purchase conveniently. There are also many Bhima Jewellery gold schemes that help interested buyers purchase the jewellery of their choice by saving up over a specific tenure.
The Bhima Gold Tree Purchase Plan is a prestigious savings plan that helps you purchase the jewellery of your choice. Under this Bhima gold scheme, you will be insured against the risk of fluctuating gold rates in the international market. This is because you can deposit your money at the Bhima Jewellery gold rate applicable today.
This gold scheme from Bhima Jewellers gives you many benefits and comes with many member-friendly features. Check out the top beneficial features here.
The amount you deposit today will be credited to your account in the form of 22 carat gold, based on the Bhima jewellery gold rate today.
Each deposit should be in multiples of Rs. 250.
The tenure of the plan is 2 calendar years.
After just 6 months of joining this scheme, you will be eligible for a bonus too.
This bonus may cover the making charges at the time of purchase, either partially or completely.
You can make the payments as per your convenience. There is no specific schedule.
You can open multiple accounts with different nominees.
Before you enroll in any of the Bhima jewellery gold schemes, you need to know the eligibility criteria and paperwork needed. Check out the eligibility details below.
Indian nationals can only apply.
The Gold Tree savings scheme is available at the Bhima Jewellers showrooms in Kannur, Kozhikode and Sulthan Bathery.
For customers in other cities, the respective Bhima Jewellers showrooms will have this scheme, with a few changes in the terms and conditions.
You can make your deposits via cheque, demand draft or money order.
If you are eligible, you need to submit the following documents.
The application form available at the showroom or on the website
Your recent passport size color photo
A self-attested copy of a valid ID proof like you PAN card, passport, or driving license
Here are some other important points to keep in mind about the Gold Tree scheme from Bhima Jewellers.
You can only use the amount in your account to purchase jewellery at the Bhima gold price prevailing in the market.
You cannot redeem the amount in cash.
The tax rates prevailing at the time of purchase will be applicable.
You cannot use the amount to buy gold coins or bars.
This is a variation of the Gold Tree Purchase Plan, applicable in certain select cities like Mysore, Coimbator, Kottayam, Kochi and Thodupuzha. If you reside in any of these cities, check out the main features and benefits of this Bhima gold scheme below.
If you want to enroll in the Bhima Jewels Gold Tree Purchase Plan, here are the main features and benefits that you will get to enjoy by becoming a member of this gold saving scheme.
You can start with an amount as low as Rs. 500 per month.
Additions to this amount can be made in multiples of Rs. 500.
This plan will continue to be in force for a period of 18 months from the date of joining.
The payments must be made continuously each month, during this period.
You should make the deposit before the 10th of every month.
You can also make an additional payment during the month if you wish to.
You can assign a nominee to the account created in your name.
This plan helps you stay protected from rising gold rates. This is because in case you wish to redeem your amount now, the Bhima Jewellery gold rate today will be applicable.
In case you want to enroll in the Bhima Jewels Gold Tree Purchase Plan, you need to meet the following eligibility criteria.
You should be an Indian citizen.
You should be at least 18 years of age.
You should apply from the selected cities, namely Mysore, Coimbatore, Kochi, Kottayam and Thodupuzha.
Eligible applicants will have to submit the following documents at the concerned store.
The duly filled application form
A recent color passport size photograph
A self-attested copy of an ID proof like your PAN card, Aadhaar card, passport or driving license
Keep in mind the following important points regarding payments and other aspects of this plan before you get started.
You can only carry out your transactions during business hours, namely 10.00 A.M. to 6.00 P.M. from Monday to Saturday.
You can make your payments via cash at the collection centres set up by Bhima Jewellers.
You can also choose to make your payments online, via NEFT or RTGS, provided the first instalment has been paid at a collection center.
Payments via credit or debit cards and cheques are not accepted.
No, it is only available in cities like Mysore, Coimbator, Kottayam, Kochi and Thodupuzha.
You can buy gold jewellery with this amount, at the Bhima gold rate applicable at the time of purchase.
Yes, taxes will be applicable according to the tax laws prevailing at the time of purchase.