Swarna Labh / Swarna Yojana / Swarna Vriddhi
1. It is only value deposit. No gold booking at the time of paying instalment.
2. Gold rate applicable on the day of sale invoice.
3. Minimum enrolment amount is ₹1000/- and multiple of ₹1000/- thereafter.
4. Instalment can be paid or redeemed at any company stores as of now.
5. There are three jewellery purchase schemes, Swarna Labh for 6 months, Swarna Yojana for 11 months & Swarna Vriddhi for 18 months.
6. Customer has to maintain the same instalment amount throughout the scheme.
7. 30% of one instalment will be pass on to customer as benefit of discount when making sale invoice for 6 months scheme (Swarna Labh) if customer complete the scheme successfully without any default/delay payment.
8. 75% of one instalment will be pass on to customer as benefit of discount when making sale invoice for 11 months scheme (Swarna Yojana) if customer complete the scheme successfully without any default/delay payment.
9. 150% of one instalment will be pass on to customer as benefit of discount when making sale invoice for 18 months scheme (Swarna Vriddhi) if customer complete the scheme successfully without any default/delay payment.
10. Customer have to mandatorily redeem the account within 60 days from the date of maturity.
11. Payment of instalments after due dates will be considered as a default, for that particular months and the eligible discount would be reduced proportionately.
12. No benefit in any form shall be provided for scheme where the scheme has been operated for less than 6 months or less than 6 instalments have been paid to the company.
13. If the redemption is requested before the maturity of the scheme, “18 months scheme” will be eligible for discount under “11 months scheme” provided T&C, “11 months scheme” will be eligible for discount under “6 months scheme” provided T&C.
14. Gold/silver coins cannot be purchased by redeeming these schemes.