Terms and Conditions

1. Subscription and Payment

1.1 Monthly Contribution:
Participants can choose a monthly installment amount starting from a minimum of ₹1,000 up to ₹1,00,000 or above, as preferred.

1.2 Payment Deadline:
The monthly installment must be paid on or before the 15th of every month.

1.3 Scheme Duration:
The total duration of the Value-Based Savings Scheme is 11 months.

2. Maturity and Redemption

2.1 Benefit Eligibility:
Upon successful completion of all 11 monthly installments, the participant becomes eligible to redeem the accumulated amount for the purchase of gold jewellery.

2.2 Gold Rate Calculation:
The gold value will be calculated based on the prevailing market gold rate on the date of redemption/purchase.

2.3 Special Incentives:
Customers who complete the full 11-month term are eligible for:

• 0% Making Charges (Seikooli)
• 0% Wastage (Setharam)

2.4 Taxes:
A mandatory 3% GST will be applicable on the total value of gold at the time of purchase, as per Government regulations.

3. Diamond and Gemstone Policy

3.1 Diamond Jewellery:
This savings scheme is applicable for the purchase of diamond jewellery.

3.2 Exclusions:
The waiver of making charges and wastage does not apply to stones. Charges for diamond stones and Rasi (Astrological) gemstones will be calculated separately as per the applicable market rate at the time of purchase.

4. Pre-Closure and Withdrawal Policy

4.1 Early Redemption:
If a participant chooses to discontinue the scheme before completing the 11-month tenure, they may redeem the amount paid so far in the form of jewellery.

4.2 Loss of Scheme Benefits:
In case of early closure or withdrawal, the participant will not be eligible for the 0% making charge and 0% wastage benefits. Standard making charges and wastage charges will apply to the purchase.

5. General Conditions

5.1 Non-Transferable:
The scheme account is non-transferable.

5.2 Identity Verification:
Valid ID proof may be required at the time of enrolment and redemption.