Terms And Conditions
- 1. The monthly advance against purchase of jewellery must be equal and paid continuously for eleven months. The advance payments 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 Gold jewellery with no wastage including Gold coin limited to the accumulated Gold weight.
- 3. The monthly advance against purchase of jewellery must be paid within the 10th of every month. The advance amount paid will not be eligible for any interest.
- 4. Customers who choose to discontinue within 6 months of enrolment will not be eligible for any benefit/discount on wastage (VA), and can only redeem to the extent of accumulated gold weight under the plan, by paying 100% wastage (VA).
- 5. If the customer discontinues during 10th month, the member will be entitled to no wastage (VA) of accumulated gold weight under the plan.
- 6. The customer may appoint a nominee on submission of KYC details for both self and the nominee. Guardian will sign and will also be the nominee in case of minors.
- 7. Payments of monthly advance against purchase of jewellery beyond the stipulated period or payment for more than one month will not be allowed.
- 8. Advance against purchase of jewellery can be made by Cash/Debit/Credit cards, NEFT/RTGS/UPI.
- 9. Balance advance amount, if any, will not be refunded in cash and can only be adjusted on purchase of Gold Coin.
- 10. Customers who choose to pre-close the enrolment will not be eligible for any benefits.
- 11. The customers will be eligible for No wastage (VA) on purchase only after they have paid all the advance payments continuously. The customer will not be able to continue in the event of default in the monthly advance payments. Hence it is required that a customer pays the advance payments continuously without fail.
- 12. The customer can purchase jewellery from the 10th month of enrolment, however before 345 days from the date of enrolment, Customer's advance amount will be refunded if not purchased within 345 days from the date of enrolment.
- 13. When the customer purchases jewellery in excess of accumulated amount or in excess of accumulated Gold weight, the wastage (VA) as applicable will be borne by the customer for the excess amount/weight.
- 14. GST & any other Government levies at the time of delivery for all sales transactions will be borne by the customer.
- 15. Company at its sole discretion can alter amend modify add or delete any of the term and conditions from time to time.
- 16. All disputes are subject to the jurisdiction of the competent courts in Bangalore
- 17. Payments made through Debit Card or Credit Card will carry a charge of 1% at the store.
