Infovion JMS
Gold scheme software for jewellers
Run your 11-month gold savings schemes without the passbook register: every instalment with a receipt, late payers flagged, and the matured amount and bonus used straight on the bill.
What is a jewellery gold savings scheme?
A gold savings scheme, also called a monthly jewellery purchase plan, lets a customer pay a fixed amount every month, usually for 11 months. The jeweller adds a bonus, often the 12th instalment or a share of it, and at maturity the customer buys jewellery for the total. In a weight plan, each instalment buys gold at the day's rate and the customer collects the grams saved. Infovion JMS keeps every plan, member, instalment and receipt, flags late payments, and uses the matured amount and bonus on the customer's bill.
Plans you set up
- Amount plans, for example ₹5,000 a month for 11 months
- Weight plans, where each instalment buys 22K gold at the day's rate
- Bonus as a number of instalments, as a percentage, or none
- Grace days before an instalment counts as late
- As many plans as you run, each with its own name
Every member
- Joined with a scheme number, start date and nominee
- Instalments taken by cash, UPI, card or bank, each with a receipt
- Passbook of every instalment, printed or shared on WhatsApp
- Late members listed, with a WhatsApp reminder in one tap
- Matured schemes waiting to be redeemed
At maturity
- Amount and bonus applied on the customer's bill as payment
- Weight plans: the grams saved, valued at the day's rate
- Closed early, with your deduction and the refund recorded
- Total of customers' money you hold, on the schemes list
Check with your adviser
- Rules on jewellery schemes and deposits differ, and a scheme that only buys jewellery is treated differently from a deposit. JMS keeps the records; please check what applies to your shop
| Paid by the customer | 11 × ₹5,000 | ₹55,000 |
|---|---|---|
| Jeweller's bonus | 1 instalment | ₹5,000 |
| Available on the bill at maturity | ₹60,000 |
Figures for illustration. Bonus and rules are set by each jeweller.
FAQ
Frequently asked questions
Can JMS run an 11-month gold scheme?
Yes. Make a plan with the monthly amount, the number of instalments and the bonus. Each customer who joins gets a scheme number and a passbook, and JMS knows when the scheme matures.
Does JMS support gold weight schemes?
Yes. In a weight plan each instalment buys gold at that day's rate, and the passbook shows the grams saved. At maturity the grams are valued at the day's rate and used on the bill.
How are late instalments followed up?
Members whose instalment is overdue are listed on the schemes page and on the dashboard, and a WhatsApp reminder can be sent in one tap.
How is the scheme used when the customer buys?
On the bill, choose the customer's matured scheme as a payment. The amount and the bonus are taken off the bill, and the scheme is closed.
Can a customer close a scheme early?
Yes. JMS works out the amount paid less the deduction you set for early closure, and records the refund or the purchase.
See Infovion JMS on a free demo call
We show it on a 15-minute call, in your language. ₹11,999 ₹9,999 per shop plus GST, then an AMC of ₹3,999 a year.