PNG Gold Scheme in 2023 | PNG Online Payment | Features | T&C | Payment & Enrollment Process

PNG Gold Scheme | PNG Bhishi Online Payment

PNG Gold Scheme


PNG Jewellers Pvt. Ltd. is a Luxury Goods and Jewelry firm and has a head office in Pune, Maharashtra, India. It was founded in 1832. PNG Jewellers specializes in luxury goods and jewelry.
You can explore the pretty collection that the company has to offer you and ensure that you shine the brightest on your wedding festivities. They offer a variety of real jewellery that can be found in silver, gold, diamond and platinum collection.
The company has rolled out a special Future Purchase Plan(FPP) Scheme also known as PNG Gold Scheme 2023, to help you save up for wedding jewellery, baby shower presents as well as birthday gifts and, guess what, there is a number of advantages too. Here are the key features of the scheme.


SchemeFuture Purchase Plan
EligibilityAnybody above 18 years of age.
Account By visiting the nearest PNG jewellers showroom (offline).
Minimum Investment INR 1000/-
Maximum InvestmentMultiples of INR 500/-
Tenure 365-day plan
Benefits1. On enroling for a 365-day plan, pay only for 10 months
2. Get an additional benefit of PNG Jewellers discount at the time of maturity.
3. You can buy either bullion or jewellery or even both, under this scheme. Also, you can redeem this plan for any precious metals (Gold, Silver & Platinum) or precious stones (Diamond & Colour Stones).
PaymentOffline – through credit card or debit card or cash or DD or cheque at showrooms.
Online – through PNG website using your cards or net-banking, etc.
Nominee facilityYes

Scheme Type with Example

SchemeInstalmentPaymentTotal InstalmentDiscount
Gold jewellery3,00010 months30,0001,800
Bullion3,00010 months30,0002,250
Diamond jewellery3,00010 months30,0003,000

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Terms and Conditions of PNG Gold Scheme


Also Read Gold Scheme in Kalyan Jewellers – Review 2021 | Monthly Online Pay | T&C

PNG Gold Scheme Payment & Enrollment Process


Time needed: 5 minutes

Follow the steps given below for applying the scheme offline and payment online.

  1. Offline Enrollment Process

    Enrollment in the scheme can be easily done by walking into a PNG jewellers store.
    Fill in a simple Application Form and submit it along with any of the documents for identity proof.

  2. Nominee Detail

    You may also nominate any person as a nominee to your account. You need to provide the name & contact details & and identification proof of the nominee.

  3. Online Payment

    Sign up for the FPP and get a unique FPP scheme ID, starting with ‘FPP’

    Log in to your internet banking site and create a new beneficiary (Adding PNGJPL as a prefix to your unique FPP scheme ID – PNGJPLFPP****** to get the account number of 16 characters)
    For instance: Name of the beneficiary: P N Gadgil Jewellers Pvt Ltd Name of the bank: HDFC Bank IFSC code: HDFC0CMSNOC

    Start paying your monthly instalments online and at the time of maturity, submit all the physical copies of the payment bills to redeem

  4. Offline payment

    Payment mode for the plan can be in the following manners- Credit Card / Debit Card / Cash / DD / Cheque. Subscribers can submit all the cheques at once through this scheme. However, the terms of the Plan shall not be violated under any circumstances.

  5. Redeem

    Freedom to choose how you wish to redeem the plan on the date of maturity. You can buy either bullion or jewellery or even both, under this scheme. Also, you can redeem this scheme for any precious metals (Gold, Silver & Platinum) or precious stones (Diamond & Colour Stones)

Required Documents

  • Passport
  • Pan Card
  • PAN Card copy is mandatory, in case the maturity amount is equal to or more than INR 2,00,000/- per member/application.
  • 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.

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

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

Helpline Numbers

Registered OfficeP. N. Gadgil Jewellers Pvt.Ltd. (PNG JEWELLERS)
PNG House, 694, Narayan Peth,
Kunte Chowk, Laxmi Road,
Pune 411030
Maharashtra, India or
Helpline Number+91 8806907567 & +91 9322924872 (9:30am to 6pm,Monday to Saturday)

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

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