- This plan is valid 11 months only.
- Customer can pay minimum of Rs.100/- & above as many times in 11 months.( From the date of joining).
- The amount reminder will be converted into 22Kt gold at the prevailing board rate in the account immediately & 5% extra value will be eligible from the 31st day onwards. ( The extra value will be calculated on 365 days basis ).
- Customer can buy jewels or coins any number of times before the completion of 11 months.
Terms & Conditions
- The sale price will be determined based on the prevailing market rate (i.e., the date of sale of gold ornaments)..
- While joining the scheme,
- (a) Account holder photo and finger print biometric will be taken in person.
- (b) While purchasing jewels the account holder details will be verified with his finger print biometric..
- Before the end of 12th month from the date of joining the scheme customer must purchase jewels or coins for the amount in their account..
- This advance for purchase is placed for Design Number …… shown in our catalogue .
- The account holder has a right to change the design while purchasing the jewels. .
- Customer can appoint a nominee in this scheme..
- Passbook should be produced for every transaction..
- Installment payments & Jewellery purchase should be made within the respective state only..
- There is no cash refund in this scheme, you can buy only jewels or coins..
- It is mandated that all advance payments will be adjusted against order within a maximum period of 365 days from date of first advance paid..
- As per Government Norms, no scheme can exceed 12 months in duration. Kindly make your purchase after the completion of 11 months and before 12 months, failing to do so will entitle losing of entire scheme benefits..
- The management reserves the right to change, alter the terms and conditions of this scheme at its discretion as per the prevailing Government rules & regulations..
- GST is applicable..
Frequently Asked Questions
1.WHAT IS THE BENEFIT OF THIS PURCHASE PLAN?
5% Discount will be eligible on this plan, for every remittance over 31 days. (The extra value will be calculated on every day basis).
2.DO WE HAVE TO PAY WASTAGE, MAKING CHARGE & GST UNDER THIS PLAN?
YES, Wastage, making charge & GST is applicable in this plan.
3.CAN WE AVAIL SPECIAL DISCOUNTS OR FESTIVAL OFFER IN THIS PLAN?
YES, Special discounts and festival offers will be applicable in this Plan.
4.CAN WE GET MONEY IN THIS PLAN?
You can purchase only Gold / Diamond / Silver & Gold Coin in this Plan.
5.HOW DO WE PAY INSTALEMENTS?
You can pay your instalment by Cash / Credit Card / Debit Card / PAYTM / RTGS.