Reliance Money eyes Rs 2L cr gold mkt

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In Reliance My Gold Plan, the customer can invest a minimum of Rs 1,000 per month. (Reuters) In Reliance My Gold Plan, the customer can invest a minimum of Rs 1,000 per month. (Reuters)
SummaryReliance Money is targetting investors with its Rs 1K monthly My Gold Plan.

said, adding Reliance Money has already tied up with 100 approved jewellers for the plan and soon it would expand its network to more than 10,000 locations in next few months.

The customers can opt for tenures ranging from one year to 15 years and the plan's daily average pricing methodology splits the monthly subscription into equal parts

and allots gold grams over 20 successive business days.

At the end of the selected term of the plan, customers have the option to exchange their accumulated gold grams into 24 Karat gold coins or jewellery at designated outlets.

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