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Terms and conditions
1.All schemes are purely a gold jewellery purchase plan.
2.Every month amount paid by customers will be deposited to individual month of that particular scheme.
3.Customers cannot purchase any jewellery in between the scheme through their wallets.
4.Every month amount paid will be converted into 916 gold in grams.
5.After the completion of 10th month PRASHANTI jewellery will add bonus of one month amount to every corresponding scheme.
6.Customerโs can purchase jewellery immediately after 10th month payment through their wallet.
7.Every scheme memberโs AADHAR number & PAN number is mandatory as ID proof.
8.No refund of money is allowed under any circumstances.
9.Minors are not eligible for these schemes.
10.Kindly read the above terms and conditions carefully before starting / joining our benefit schemes.
Redemption
This plan shields your money from gold price fluctuations. Each month, your instalment accumulates 22 Karat Gold based on the amount paid. After 10 months, you can buy any 22 Karat BIS Hallmarked gold jewellery with one month bonus amount to the corresponding scheme.
Saving Scheme FAQ
1.What is Saving Scheme ?
It is a Jewellery purchase plan where the customer has the option to choose inbetween 3 uniquely designed instalment option (Samruddi, Suvarna Samruddi & Sarala Samruddi) to buy jewellery of their choice from the PRASHANTI JEWELLERY Stores or website
.
2.What is the term duration of Saving Scheme?
Saving Scheme offers 3 different Plans (
Samruddi, Suvarna Samruddi &
Sarala Samruddi
) and the term duration is 10(ten)months for these plans
.
3.How much do I pay monthly?
Samruddi Scheme-5000rs per month
Suvarna Samruddi Scheme-10000rs per month
Sarala Samruddi Scheme-20000rs per month.
4.How do I pay the monthly instalment & what is the mode of payment options available?
It is advisable to make the monthly instalment payments on or before 15th of every month. Payments can be made by Debit Cards/Credit Cards/Net Banking/UPI.
5.Will GST be applicable?
Yes, GST will be applicable at the time when customer redeems the advance amount aggregate and purchase from PRASHANTI JEWELLERY.
6.What if I missed out paying the monthly instalment payment?
Monthly instalment payment beyond the stipulated period and payment for more than one month will not be allowed. The plan will be discontinued if in case the advance payment for consecutive 3 (three) months is not paid.
7.What if I buy for the amount exceeding to the advance payment upon maturity?
Customer will enjoy the full benefit for the aggregate value/Gold weight accumulated according to the chosen plan. For an extra purchase made, regular charges will be applicable however, our customer can avail the seasonal offer benefits if any for the extra purchase made or get the best deal applicable on the day of purchase.
8.What if I do not redeem the whole amount accumulated?
Partial redemption is not allowed and refund in any case will not be applicable.
9.What time after maturity should I purchase?
Customer has to redeem the advance payment within the end of 10th month in all schemes.
10.Can my family member or a friend redeem the advance payment of my behalf
?
The applicant is the authorised person to redeem, however the customer may authorise any family member or a friend by submitting an hand written authorization letter with the details of person who would redeem the advance payment
.
11.What happens if I do not redeem within the given time?
In case if the member does not redeem the scheme within the stipulated time, we shall refund the aggregate amount to the memberโs bank account
.
12.Is pan card mandatory to enroll for the plan?
Yes
.
13.Will I get a receipt if I make online payment?
Customer can get the payment details through email.
14.Can I buy Gold coins?
Member can only buy 22KT gold jewellery which are available on our website or can come directly to our store.
โSAVE TODAY FOR BETTER TOMORROWโ
Embark on your pathway to preciousness!
Enroll now in our exclusive Jewellery Purchase Plans and avail โexciting & assuredโ benefits
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