If a customer purchases 100 gm of gold (24kt fine/ standard) from TBZ and places the same under their "Gold Plan", he/she will get 105 grams of gold after 12 months, the company said in a release here today.
Consumer can place minimum of 10 grams of gold coins and bars and thereafter in multiples of 5 grams up to an overall maximum of 500 grams, it said.
"We have unveiled TBZ Gold Plan in line with initiative to launch customer-friendly schemes. Generally people buy gold and keep it in the locker. Over the period, value of gold may appreciate but it does not grow in units or grammage. Through our Gold Plan, people can expect their gold growing in grammage or units," TBZ Group Head (Marketing & Advertising) Kiran Dixit said.
This is ideal for those who want to invest in gold now in a simple and convenient manner and make it multiply till they need it in the future while getting several advantages such as no storage fee, free insurance, no account opening charges and no brokerage, Dixit said.
TBZ has 26 stores in 20 cities across seven states - Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Kerala, Andhra Pradesh and West Bengal.