Terms & Conditions
1.The monthly payment against purchase of jewellery must be equal and paid continuously for eleven months. The payment cannot be extended beyond 11th month and is not transferable under any circumstances.
2.On completion of eleven months from the date of enrolment, the customer will be eligible to purchase the selected jewellery.
3.The customer can purchase gold jewellery, diamond jewellery, platinum jewellery and silver jewellery.
4. Whenever there is a rate reduction offer on gold jewellery (example Rs.50 less per gram), the discount will be applied only on the prevailing gold rate.
5. The payment against purchase of jewellery must be paid within the 10th of every month.
6.The advance amounts paid will not be eligible for any interest.
7. Monthly payment can be paid by way of UPI/DD/Debit Cards /Credit Cards/NEFT/RTGS/Local Cheques/PDC Cheques.
8..As per government regulations, a customer cannot combine multiple accounts.
9. Customers who choose to discontinue within 5 months of enrollment will not be eligible for any benefit/discount on wastage and can only redeem to the extent of accumulated weight / value under the plan, by paying 100% wastage. .
10. If the customer redeems during 10th month, the member will be entitled to 100% discount on No Wastage .
11. KYC is compulsory to enrol in the plan.
12. The customer may appoint a nominee on submission of KYC details.
13. Payments of monthly against purchase of jewellery beyond the stipulated period or payment for more than one month will not be allowed.
14. Payments should be paid before the 10th of every month. Payments can be made by Cash/UPI/DD/Debit cards / Credit cards/NEFT/RTGS/Local Cheques/Post-dated Cheques (PDC) At-par cheques Outstation cheques will not be accepted.
15. customer can give PDCs for the entire period at your convenience. However, cash payment cannot be made for more than Rs.1,99,000 as per Government of India regulations. in case of cheque dishonor, the bank charges will be borne by the customers.
16. Balance amount, if any, will not be refunded in cash and can only be adjusted on purchase of Gold/Silver coins.
17.The customer will not be able to continue in the event of default in the monthly payments. Hence It is required that a customer pays the payments continuously without fail.
18. When the customer purchases jewellery in excess of accumulated weight/amount, the wastage as applicable will be borne by the customer for the excess weight /amount.
19. GST & any other Government levies at the time of purchase / delivery for all sales transactions will be borne by the customer.
20. The customer’s signature will be verified at the time of delivery.
21. Company at its sole discretion can alter, amend, modify, add or delete any of the terms and conditions from time to time.
22. All disputes are subject to the jurisdiction of the competent court in Chennai.