1. You can enroll in the scheme by making a payment of Rs. 1000, Rs. 2000, Rs. 3000, Rs. 5000 or Rs. 10000, and the scheme will continue for a period of 15 months.
2. The total duration of the scheme is 15 months. The scheme will end 30 days after the final payment is made.
3. If you choose to terminate the scheme before the completion of the tenure: a. An administration fee of Rs. 200 will be charged.
b. The accumulated amount will not be refunded in cash. Instead, it can be redeemed for jewelry.
c. Scheme benefits will no longer be applicable.
4. A reduction of 50% to 75% in wastage charges will be applied on the purchase of gold, once all payments for the 15-month scheme have been completed. The exact reduction is based on the jewelry design.
5. For the Golden Returns scheme, the gold weight accumulation will be calculated based on the prevailing market rate on the payment due date.
6. A physical receipt or SMS confirmation for your payments must be presented, along with a valid identity card, when redeeming gold.
7. GST will be applicable on the gold accumulated under the scheme.
8. Any legal disputes related to these schemes will fall under the jurisdiction of the Ramanathapuram District Court