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Terms And Conditions

  1. 1. Vasavi gold scheme-A 1. Scheme Duration & Payments • This scheme runs for 16 months from the date of enrollment. • Customers must make one fixed payment per month based on the prevailing gold rate on the date of payment. • The total amount paid will be accumulated towards the purchase of gold jewelry at the end of the scheme. 2. Gold Rate Consideration • The gold rate on the date of each installment payment will be applicable for that specific installment. • The gold rate is not fixed at the start of the scheme but varies according to market fluctuations each month. 3. Benefit – Discount on Value Addition Charges • Customers will receive a discount of up to 12% on value addition (making & design charges). • If the value addition charges on selected jewelry are 12% or lower, no extra charges will apply. • If the value addition exceeds 12%, the customer will only pay the difference. • Example: • If value addition is 10%, no extra charges apply. • If value addition is 15%, the customer will pay only 3% extra. 4. Jewelry Redemption • The accumulated gold (as per each month’s gold rate) can be redeemed only for gold jewelry (not for gold coins, bars, or cash withdrawal). • Redemption must be completed within 30 days after scheme maturity. 5. Missed Installments & Delayed Completion • Only one payment can be made per month. If a customer misses a payment, they must pay it in the next month. • This will cause a delay in the scheme’s completion equal to the number of missed payments. • Example: • If a customer misses 2 payments, they can pay them in the next 2 months, and the scheme will extend to 18 months instead of 16 months. • No penalty will be charged for missed payments, but the scheme will only be completed after all 16 payments are made. 6. Eligibility • This scheme is open to individuals aged 18 and above with valid ID proof. 7. Non-Transferable & Non-Refundable • The scheme is non-transferable and cannot be converted to cash. 8. GST &
  2. 2. Vasavi swarnavruddi Terms & Conditions 1. Scheme Duration & Payments • The scheme runs for 11 months, where the customer makes a fixed monthly installment in INR. • In the 12th month, Sri Vasavi Jewellers will contribute an amount equal to one month’s installment as a bonus. • The accumulated amount can be redeemed in the 13th month (or later if delayed due to missed installments). 2. Eligible Purchases • Customers can use the accumulated amount to purchase: • Gold Jewelry • Silver Articles • Diamond Jewelry • The scheme cannot be used for gold or silver coins/bars or exchanged for cash. 3. Gold Rate Consideration • The gold, silver, or diamond jewelry rate on the redemption date will be applicable. • Customers cannot lock in the gold or silver rate at the time of each installment payment. 4. Bonus Benefit • Customers who complete all 11 monthly payments will receive the 12th-month installment as a bonus from Sri Vasavi Jewellers. • Example: • If the customer pays ₹5,000 per month for 11 months, they will receive an additional ₹5,000 as a bonus in the 12th month. • Total amount available for redemption = ₹55,000 (customer payment) + ₹5,000 (bonus) = ₹60,000. 5. Jewelry & Silver Article Redemption • Customers can redeem the accumulated amount after completing all 11 payments + bonus. • The accumulated amount must be used for jewelry or silver articles only. • Redemption must be completed within 30 days after the final installment is made. 6. Missed Installments & Delayed Completion • Only one payment can be made per month. If a customer misses a payment, they must pay it in the next month. • This will delay the scheme’s completion by the number of missed months. • Example: • If a customer misses 2 payments, they can pay for them in the next 2 months, and the scheme will extend to 15 months instead of 13 months. • The bonus will still apply, but only after all 11 payments are completed. • The 12th-month bonus will be given only when all 1
  3. 3. Vasavi gold scheme-G Terms & Conditions 1. Scheme Duration & Payments • This scheme runs for 16 months from the date of enrollment. • Customers must fix a specific gold quantity (e.g., 1g, 2g, 3g, etc.) at the time of enrollment. • The same fixed quantity must be purchased every month throughout the scheme. • Customers cannot change the gold quantity once the scheme has started. 2. Gold Rate Consideration • The gold rate on the date of each installment payment will be applicable. • The amount payable each month will vary depending on the market rate of gold on the day of payment. 3. Benefit – Discount on Value Addition Charges • Customers will receive a discount of up to 12% on value addition charges (making & design charges). • If the value addition charges on selected jewelry are 12% or lower, there will be no additional charges. • If the value addition exceeds 12%, the customer will only pay the difference. • Example: • If value addition is 10%, no extra charges apply. • If value addition is 15%, the customer pays only 3% extra. 4. Jewelry Redemption • At the end of 16 months, the customer can redeem the accumulated gold weight for jewelry. • This gold can be used only for gold jewelry (not for gold coins, bars, or cash withdrawal). • Redemption must be completed within 30 days after scheme maturity. 5. Missed Installments & Delayed Completion • Only one payment can be made per month. If a customer misses a payment, they must pay for that month’s gold in the following month. • This will delay the scheme completion equal to the number of missed months. • Example: • If a customer chooses 1g per month but misses 2 payments, they can pay for those in the next 2 months, and the scheme will extend to 18 months instead of 16 months. • No penalty will be charged for missed payments, but the scheme will only be completed after all 16 payments are made. 6. Fixed Gold Quantity Rule • Customers must pay for the exact fixed quantity chosen every mo
  4. 4. Vasavi gold plus Terms & Conditions 1. Scheme Duration & Payments • This scheme runs for 12 months from the date of enrollment. • Customers must make equal monthly installments in INR, corresponding to the prevailing gold rate on the date of payment. • The total amount paid will be accumulated towards the purchase of gold jewelry at the end of the scheme. 2. Gold Rate Consideration • The gold rate on the final billing date (redemption date) will be applicable for jewelry purchase. • Customers cannot lock in the gold rate at the time of installment payments. 3. Benefits • No making charges or value addition charges will be applicable on jewelry purchased under this scheme. • This benefit is valid only for selected jewelry designs. Custom designs, antique, temple, or specialty jewelry may have additional charges. 4. Jewelry Redemption • The accumulated value can only be redeemed against gold jewelry (not coins, bars, or cash). • Redemption must be completed within 30 days after the scheme matures. 5. Missed Installments & Early Withdrawals • If a customer misses an installment, they must clear the due amount before making further payments. • If the customer withdraws before completing 12 months: • The accumulated amount can be used to purchase jewelry, but benefits (no making charges) will not apply. • Partial withdrawals are not allowed. 6. Eligibility • This scheme is open to individuals aged 18 and above with valid ID proof. 7. Non-Transferable & Non-Refundable • The scheme is non-transferable and cannot be converted to cash. 8. GST & Other Taxes • Applicable GST and government taxes will be charged separately on the final billing amount. 9. Modification or Cancellation • Sri Vasavi Jewellers reserves the right to modify or cancel the scheme at any time without prior notice. However, all enrolled customers will be notified of any changes. 10. Legal Jurisdiction • Any disputes related to this scheme will be subject to the jurisdiction