SAVING SCHEMES
Sparkling Saving Scheme
Davanam Sparkling Savings Scheme” is one of the most lucrative savings schemes, that enables to save each month with Davanam. Your monthly installments are safe with us, whereas savings at home could easily get spent. This scheme provides you with much better returns than other saving options like bank deposits or post office savings schemes.
Davanam Sparkling Savings plan lets you just invest Rs.1,000/- (or multiples of Rs.1,000/-) each month, at the end of 20 months, you would have accumulated a whopping Rs. 22,000/- or 22 times of your investment instead of 20, with which you can purchase the jewellery you have always wanted to own.
Example
| |
|
Installment Amount (Rs) |
Total Amount on 20th installment
|
Bonus for 20 Installment
|
Total Amount of Jewellery can be purchased
|
|
1000
|
20000
|
2000
|
22000
|
|
2000
|
40000
|
4000
|
44000
|
|
5000
|
100000
|
10000
|
110000
|
|
10000
|
200000
|
20000
|
220000
|
|
What happens if I miss paying an installment deposit?
You will continue to be a member of the scheme, the only change being that your eligibility for purchase will be postponed by the number of cumulative days/months that payment has been missed. In case of any payments being delayed or not made on the maturity date, the bonus amount will be appropriately reduced.
Chinna Saving Scheme
Davanam brings you the high returns, short term saving scheme leading to easy purchase of Davanam jewellery.
Installments starts at Rs.500 per month (or Multiples of Rs.500/-), the installment would be for 11 months. 12th month installment would be given as bonus. The accumulated amount can be used to purchase any kind of Jewelleries at our outlets
11 = 12
Last installment free
Example
| |
|
Installment Amount (Rs)
|
Total Amount paid on 11th installment
|
Bonus for 11 Installment
|
Total Amount of Jewellery can be purchased
|
|
500
|
5500
|
500
|
6000
|
|
1000
|
11000
|
1000
|
12000
|
|
5000
|
55000
|
5000
|
60000
|
|
10000
|
110000
|
10000
|
120000
|
|
How the Chinna Saving scheme works?
When you enroll in the Chinna saving scheme, you save on monthly basis and at the end of the installment period earn a bonus.
What are the benefits of Chinna saving Scheme?
Enroll for 12 months scheme and get one installment free,i.e. you pay only for 11 installment & 12 installment will be paid by Davanam.
for e.g: You save with the monthly installment of Rs.2000 that comes to Rs.22000 at the end of 11 months. Davanam gives a bonus of Rs.2000 (1 month installment)
Hence total value of jewellery that can be purchased after 12 months is Rs. 24000. (you save Rs.2000)
Payment options
1) Initial payment can be done via credit card/Cash
2) Subsequent payments can be done at Davanam outlets/online transver / post dated cheques in favour of Davanam Jewellerrs Pvt. Ltd.
Gift Vouchers
Gift Vouchers make the perfect gift for friends and family. These are available at all Davanam showroom and are also redeemable across any of our outlets, Gift vouchers are available in the following denomination Rs. 500/- (Multiples of Rs.500/-). So now you no longer need to worry about gifting your loved one, something of his/her choice.