Lalitha Jewellers Gold Scheme 2023 – Online Payment | Features | T&C

Lalitha Jewellers Gold Scheme

Lalitha Jewellers Gold Scheme


One of South India’s largest jewelry chains, Lalithaa Jewellery Mart Pvt. Ltd. was founded in 1983.
Mr Kiran Kumar is the founder of Lalitha Jewellers, which is headquartered in Chennai, Tamil Nadu.
However, the showrooms of jeweller are spread across different places in the state of Tamil Nadu, Andhra Pradesh, Telangan, Karnataka and Pondicherry.
This company draws inspiration from the fact that customer (s) is empowered to make educated decisions when it comes to purchasing something that has sentimental value.
Therefore, this jeweller stands out among the various jewellers in India, not just in terms of the exhaustive range it offers across all the sections be it in gold, silver, platinum, ruby, or diamond. However, also for its low wastage charges and no making charges.
The Company has introduced Eleven Month Plan and Golden Blossom scheme under the Lalitha Jewellers Gold Scheme 2023.

Also Read Malabar Gold EMI Scheme | Features | Payment | Terms and Conditions

Gold Scheme to enable you to buy some gold without having to pay a lump sum at one go.
This plan is Gold Savings Schemes and not Gold Investment Scheme. However, there are certain pros and cons of such schemes, and you should keep them in mind before deciding to put your amount in them.

Before we go deeper into both gold schemes, Let’s look at the common information about the Lalitha Jewellery Gold Scheme.


  • The Jewellery Buy Plan is unique and will not be linked to any other existing schemes or offers.
  • The applicable GST i.e. Goods and Services Tax has to be fully borne by the subscriber. In case of increases/changes in GST, the same shall also be fully borne by the member.
  • The Lalitha Jewellery Private Limited reserves the right to alter, amend, add or delete part or whole of the privileges of the Jewellery Purchase Plan without prior notice or suspend the same at any time.
  • The subscriber(s) can redeem only at the showroom where they have enrolled.
  • Payment of instalment(s) beyond the stipulated period, or payment of more than one instalment, will not be entertained.
  • All disputes are subject to the jurisdiction of the competent courts in Chennai Tamil Nadu.
  • In case of any change in address mobile number, or loss of membership card, the company should be kept informed without any loss of time. After that, the subscriber has to apply in writing for the issue of a duplicate card enclosing KYC requirements.
  • The subscriber(s) have the option to buy gold coins also under the Jewellery Purchase Plan.
  • any cash refunds are not allowed.

Also Read Review- Bhima Jewellery Gold Scheme | T&C | Payment | Documents

Eleven-Month Plan Features

SchemeEleven-Month Plan
BenefitsOne Free Instalment + 50% discount on Value Addition (V.A).

Lalitha Jewellers have started representing the Wastage Charges and Making charges together as VA or ‘Value Addition’.
EligibilityAll of the Indian residents (Individuals, Trust, HUFs, Financial Institutes, Universities, etc.).
However, a minor can not become an applicant or member.
Registration FeesINR 0/-.
InvestmentRs. 1000/- or Rs. 1500/- or Rs. 2000/- or Rs. 2500/-
Tenure11 months
Nominee FacilityYes


  1. In case the subscriber wishes to buy over and above the accumulated amount, full V.A. i.e. Value Addition is chargeable on the excess amount.
  2. Applicable Stone Charges will be collected from the subscriber(s) for all stone ornaments.
    However, special items such as Oddiyanam, Nagaz, Kumkumchimizh, Thirumangalyam, etc., shall attract extra charges as applicable.
  3. A discount of 25% on applicable V.A. Charges is offered on Diamond jewellery.
  4. The subscriber(s) has to bring the membership card every month while making payments.
    However, the original membership card has to be surrendered at the time of taking delivery of jewellery.
    The subscriber, who has signed the application form, should sign on the invoice and Purchase Plan card at the time of purchase / taking delivery of jewellery.

NOTE: The gold plan is not applicable for Gold Nose Pins in TN & Pondy. In AP & Telangana the same is not applicable on Diamond nose pins. In Karnataka, it is not applicable on Navratna rings.

For AP & Telangana: Applicable Stone Charges will be collected from the members for all stone ornaments. Special items such as Oddiyanam, Nagaz, Kumkumchimizh, Thirumangalyam, etc shall attract additional charges as applicable.

Golden Blossom Features


Lalithaa’s innovative Golden Blossom allows you to exchange your old jewels for new and at no extra cost.
In addition, the customer also has the option of enrolling in this plan by making a one-time payment to take home the jewellery of their choice.

See the below table for your convenient month-wise options.

Lalitha Jewellers Gold Scheme Benefits

150 Days
All types of Gold jewellery with V.A. Charges up to 5% can be purchased with No V.A. Charges. (V.A. Charges in excess of 5% have to be borne by the customer.)
180 Days
All types of Gold jewellery with V.A. Charges up to 6% can be purchased with No V.A. Charges. (V.A. Charges in excess of 6% have to be borne by the customer.)
210 Days
All types of Gold jewellery with V.A. Charges up to 7% can be purchased with No V.A. Charges. (V.A. Charges in excess of 7% have to be borne by the customer.)
240 Days
All types of Gold jewellery with V.A. Charges up to 8% can be purchased with No V.A. Charges. (V.A. Charges in excess of 8% have to be borne by the customer.)
270 Days
All types of Gold jewellery with V.A. Charges up to 9% can be purchased with No V.A. Charges. (V.A. Charges in excess of 9% have to be borne by the customer.)
300 Days
All types of Gold jewellery with V.A. Charges up to 10% can be purchased with No V.A. Charges. (V.A. Charges in excess of 10% have to be borne by the customer.)
330 Days
All types of Gold jewellery, whatever be the category, can be purchased with No V.A. Charges.
330 Days
All types of Diamond Jewellery can be purchased with 50% less on V.A. Charges and Rs.1000/- less per carat.


  1. The minimum booking amount is Rs.10,000/-. There is no CEILING for the maximum amount and a copy of PAN is to be furnished for amounts exceeding Rs.2,00,000/- and TDS will be applicable.
  2. Members will get credit in rupees or gold units in grams credited according to the payment made as per the gold rate prevailing on the date of payment in the respective showroom where enrolled.
  3. The time period for redemption/purchase shall not exceed 365 days from the commencement date of the scheme.

Also Read Joy Alukkas Gold Scheme 2021 – Review

Required Documents

  • PAN card
  • Passport
  • Driving License
  • Aadhar card
  • Voter ID card
    However, original identity proof is required at the time of closure of the same person who had purchased the scheme.

Also Read State Bank of India – Gold Coins Scheme | Features | Benefits | FAQs | 2021

How to Enroll in the Lalitha Jewellers Gold Scheme?

  • To enrol in this scheme, customers can walk into any Lalitha Jewellers store. However, the online option is not available for enrolling on the scheme.
  • At the time of enrollment, customers will have to select a product and choose the size, length and weight.

Lalitha Jewellers Gold Scheme Online Payment


Time needed: 5 minutes

Follow the steps given below for payment through the Lalitha Jewellers website.

  1. Offline Payment

    To make the payment, the subscriber must carry the plan membership card.
    To make the payment towards the scheme, the subscriber(s) can pay through cash, credit card, electronic clearance service or through cheque or demand draft favouring “Lalithaa Jewellery Mart Pvt. Ltd.

  2. Online Payment through SBI

    To pay, the monthly instalment, visit  site and click on “Pay Online“.

  3. State Bank of India (SBI)

    In the next step, you can click on the State Bank of India (SBI) icon.

  4. SBI T&C

    Please read SBI terms and conditions carefully before proceeding any further. 

  5. Online Monthly Installment

    You can select the “online payment” option from the payment category dropdown and enter the “membership number”. After that, click on the “submit” button and pay to move to the payment page.
    You can make the payment through SBI Net Banking, SBI ATM cum Debit cards, Other Bank Debit Card, Credit Cards or Other Banks’ Net Banking.

  6. Receipt

    You will be issued a receipt which you must keep for future reference.

NoteThere may be changes in the schemes, hence confirm with the retailers before you save through them.

Lalitha Jewellers Helpline Numbers

Customer Service No +91 7338816727 / 044 – 28141177 / 044 – 28349860

The Bottom Line


In conclusion, these plans may not be perfect for you if your sole purpose of buying gold is from an investment perspective.
In such a case, you can opt for Sovereign Gold Bond (SGBs) or Gold Exchange-Traded Fund (ETFs).
Click here to look more at different types of buying gold.

Also Read What is Gold Saving Scheme in GRT? | Benefits | Online Payment | 2021

Source – Lalitha Jewellers