TERMS AND CONDITIONS
The customers can purchase jewellery from the 11th month of enrolment with full benefits;
- The monthly advance against purchase of jewellery must be equal and paid continuously for eleven months, the advance payments cannot be extended beyond the 11th month and is not transferrable under any circumstance.
- On completion of eleven months from the date of enrolment, the customer will be eligible to purchase Gold jewellery of their choice without VA (Value Addition) up to 18% with No Making Charges (except Special items like Kundan jewellery, Ethnic and Vintage jewellery & Pooja Items)restricted to the accumulated Value or the accumulated Gold weight.
- Whenever there is a rate reduction offer on Gold jewellery (example: Rs.100/- less per gram), the discount will be applied only on the prevailing gold rate. This reduced rate will then be compared with Average gold rate and the lower among the two will be applied. Illustration: Offer Rs. 100/- less per Gram, the prevailing gold rate: Rs.5000/- per gram and the average gold rate: Rs. 4000/- per gram. Prevailing gold rate after applying the offer: Rs. 4900/- per gram. In this case, the average gold rate (Rs.4000)is lower than the offer applied prevailing gold rate (4900) and so the lower rate of Rs. 4000/- per gram will be applicable for VA calculation.
- The monthly advance against purchase of jewellery must be paid within the 25th of every month. The advance amounts paid will not be eligible for any interest.
- Customers will have to bring the customer receipt book every month while paying the advance amount, and should be surrendered at the time of Gold purchase.
- This Accumulation plan is a unique plan and will not be linked to any other existing schemes/offers.
- In case of change in address or change in mobile number or loss of Pass book, the customer should inform the company in writing with proper KYC details.
- The customer may appoint a nominee on submission of KYC details for both self and the nominee. The Guardian will sign and will also be the nominee in case of minor.
- Payments of monthly advance against purchase of jewellery beyond the stipulated period will not be allowed.
- The customer can take delivery of selected jewellery while redemption at any of our Sri Bhavani Jewels showrooms in Hyderabad.
- Advance against purchase of jewellery can be made through Cash, Credit/Debit cards, NEFT/RTGS, UPI transfers, and Local cheque.
PDC or DD in favour of "Sri Bhavani Jewels & Gems (I) Pvt, Ltd". Online payments can be made through our website (www. sribhavanijewels.com)
- Any bank charges to be borne by the customer only.
- Customers who choose to pre-close the enrolment will be eligible for benefit as per closure benefit clause.
- This is the agreement for Sale of Gold Jewellery on advance amount accumulated in terms of weight or value of the Gold contracted to be purchased in future with each advance paid.
- The customer can purchase jewellery from the 11th month of enrolment, however, before 330 days from the date of enrolment. Customer's advance amount will be refunded if not purchased within 330 days from the date of enrolment.
- When the customer purchases jewellery in excess of accumulated amount/gold weight, the wastage (VA) as applicable will be borne by the customer for the excess amount/weight.
- GST & any other government levies at the time of billing / delivery will be borne by the customer.
- The Customer Signature, ID and address proof will be verified at the time of billing/delivery.
- Company at its sole discretion can alter, amend, modify, add or delete any of the terms and conditions from time to time.
- All disputes are subject to the jurisdiction of the competent courts in Hyderabad.