1. Marigold Plan: Marigold plan has two options- Fixed Plan and Flexi Plan. The Fixed plan requires a minimum payment of Rs.10,000/- as first installment and total payment of Rs 50,000 over plan period; and Flexi Plan requires a minimum upfront payment of Rs.1,00,000/-. In both the plans, the customer can choose either 6 months or 9 months, as per customer’s choice. In case of Fixed Plan, the gold rate as on the date of payment, shall be applicable on purchase date; and additional discount on making charge on purchase value of jewellery. In case of Flexi Plan, customer gets the benefit of lower rate, in case gold price is lower on the date of purchase as against payment date. The customer can top up any amount subject to minimum of 10% of plan amount. The plan payment can be made in multiple installments till 1 month before the date of purchase and the minimum top up amount will be 10% of the plan amount and in multiples thereof.
2. Plan Benefit: The making charge discount or rate benefit is applicable only on the jewellery value corresponding to the selected plan amount. If a customer opts to purchase jewellery exceeding the plan value, the benefit will remain limited to the value of the chosen plan. For example, if a customer selects a plan with a fixed upfront payment or cumulative instalments amounting to ₹1 lakh during the scheme validity period, the making charge discount will apply solely to jewellery worth up to ₹1 lakh. Any excess amount, including the cost of metal, making charges, GST, etc., must be paid separately by the customer as per the prevailing purchase norms. Additionally, the purchase must be completed in a single transaction on the same day and cannot be split across multiple visits.
3. Purchase Period : Upon completion of plan period, the relevant purchase of jewellery must be completed within 30 days. The customer must choose jewellery equivalent to the full value of advance paid. No benefit or discount voucher or interest or refund shall be payable.
4. Delay in Purchase: In case of delay in purchase within 30 days from plan period end, the plan amount shall be compulsorily transferred to the registered “myDigiGold” a/c without any communication to the customer. Subsequently, the applicable T&C of “myDigiGold” will be applicable instead of the plan. 6 months and 9 months shall be considered from the date of first payment. The customer cannot claim any other benefit by whatever name called.
5. My DigiGold Account: The customer must mandatorily open a myDigiGold account * to opt for Marigold Plan to enable Senco to transfer the equivalent amount in case of delayed purchase. THE RESPONIBILITY FOR TIMELY PURCHASE AS PER PLAN SHALL BE SOLELY WITH THE CUSTOMER. The responsibility of Senco under this offer shall be discharged upon transfer in “myDigiGold” Account. The balance in myDigiGold will be subject to market rates as per the fluctuation and Senco will not provide any rate protection once the plan amount is transferred to myDigiGold account. . “myDigiGold” T&C will be applicable subsequently. “myDigiGold” balances can be sold or redeemed as per “myDigiGold” plan. Refer to mydigigold.com or app from Play Store.
6. Other Terms & Conditions:
a. Submission of copies of valid address proof and bank account details of the customer is mandatory.
b. The plan is non-transferable, except to the legal heir in case of any contingency and on submission of adequate proof and applicable laws
c. The illustration given hereunder is for the ease of understanding and does not include GST impact.
d. Eligible Purchase: Purchase means “purchase of Jewellery” or “equivalent value of Digital Gold” sold to customer in case of delayed purchase by way of transfer of plan amount. Jewellery will mean all jewellery being sold from Senco Gold Showroom including (gold, silver, platinum, polki, kundan), etc. However, this offer excludes gold coin, silver coin, astral gems, fashion accessories and loose diamonds.
5% discount on making charge would be applicable on only platinum jewellery.
e. All applicable law relating PAN card, PMLA, Income Tax, and GST shall be applicable to all transactions as updated from time to time.
f. The decision of Senco shall be final and binding in all matters.
g. In case of any dispute, the same shall be subject to jurisdiction of appropriate courts in Kolkata.