Reliance Retail plans to raise finds through gold jewellery purchase scheme

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 Reliance Retail plans to raise finds through gold jewellery purchase schemeThe gold deposit scheme sector in India could see a boost with inputs from leading retail jewellery company Reliance Jewels, reports say. The company’s core group Reliance retail is intending to raise Rs.200 crore through the jewellery purchase schemes, from the public, reports add. The scheme allows two options for the deposit and payments, one for 11 months and the second for six months. If a consumer opts for the 11-month period, the consumer pays 11 monthly installments and Reliance Jewels adds the last installment. In the six-month scheme, the consumer pays a monthly installment for six months and the company pays one month’s installment, reports add.



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