PhonePe Gold: Buy Jewelry with New Savings Scheme, Get 10th Month Installment Free!

• PhonePe partners with CaratLane (Tata Group) to launch a Gold Saving Scheme for jewelry purchases.
• The 'Treasure Chest Jewellery Savings Plan' allows monthly fixed investments for 9 months.
• In the 10th month, CaratLane deposits an amount equivalent to one monthly installment into the customer's account, effectively making 9 payments equal to 10.
• Minimum monthly installment is ₹1,000; customers can buy gold worth ₹1 lakh by paying ₹10,000 for 9 months.
• Funds are not refundable in cash; customers must purchase gold jewelry from CaratLane with the accumulated amount.

Why It Matters: PhonePe and CaratLane offer a gold savings plan, rewarding customers with an extra installment for jewelry.