JCS Savings Scheme


  1. Installment starts from Rs.5,000,Rs.10,000 & Installment up to Rs.10,00,000.
  2. Up to 10% - 15% discount on wastage on Gold jewellery in 11 months scheme.
  3. Scheme amount between 5,000 - 20,000 up to 10% discount on VA & Making Charges & 5,000 off per carat on Diamond jewellery in 11 months scheme.
  4. Scheme amount between 25,000 - 50,000 up to 15% discount on VA & Making Charges & 7,000 off per carat on Diamond jewellery in 11 months scheme.
  5. Scheme amount between 55,000 - Above up to 15% discount on VA & Making Charges & 9,000 off per carat on Diamond jewellery in 11 months scheme.
  6. For silver Articles wastage is not applicable i.e Zero 0% Wastage.                                                    



  1. Customers who enroll in the online saving scheme will not receive a physical Smart-Card.
  2. Redemption of this saving scheme can be done after 30 days of payment of last installment.
  3. Monthly installment will be accepted at JCS showroom as well as through ECS or through our website (www.jcsjewellers.com).
  4. Members are entitled to redeem their gold at JCS showrooms as gold (jewellery ), diamond or platinum jewellery.
  5. Prepayment of installments and advancement of the maturity date are not permitted.
  6. Payment made after 10th of a month will be considered as delay in payment and will be adjusted as following month’s payment and hence the maturity date will be delayed by a month.
  7. Only one entry per month.
  8. Membership Smart Card must be produced at the time of payment to enable the entry of the payment in the card.
  9. The chit amount can be paid by cash, at par cheques, demand drafts, online payments or ECS mode. Member’s name and membership number should be clearly written in all modes of payment.
  10. The date of receipt of payment will be the date on which the gold rate will be applied.
  11. Cheques /demand drafts should be drawn in favor of “Jewel Creations”.
  12. For ECS details, please contact the counter.
  13. In case the cheque is dishonored, the date of the realization will be considered for fixing the gold rate.
  14. Delay in payments will automatically extend the maturity date by the number of months delayed.
  15. Members are entitled to redeem the total weight of the gold credited to their account on maturity.
  16. Members can use their registered login ID and password to make online payment.
  17. The gold rate as announced by Madras Jewellers & Diamond Merchants Association for selling of 22Kt (916) will be the rate applied for calculating redemption value, for diamond jewellery and platinum jewellery.
  18. Members are entitled to apply the rate of gold prevailing on the date of their purchase/ redemption.
  19. Cash will not be refunded under any circumstances.
  20. The stone charges, making charges and GST will be borne by members as applicable at the time of purchase / redemption.
  21. JCS reserves rights to alter, amend, modify, add or delete any of the terms and conditions from time to time.
  22. The right to enrollment will be at the discretion of the management.
  23. The conduct of the scheme is subject to the terms and policies laid down by the Central and/or State Government from time to time.
  24. All disputes are subject to the jurisdiction of the competent court in Chennai.