One-Time Gold Investment Scheme
Important information about investment, gold-weight reservation and VA benefits.
This advanced jewellery purchase plan is for 15 months.
The advance amount can be paid at the time of enrollment only.
Customers can make an advance payment in the form of old jewellery or gold coins, which will be converted to 91.6 gold weight.
The advance amount paid will be credited in the form of gold based on the prevailing market rate (Board Rate) on the date of payment.
The available VA benefit increases according to the holding period.
| Period | Days | VA Discount |
|---|---|---|
| After 10 Months | 300 Days | 6% |
| After 11 Months | 330 Days | 7% |
| After 12 Months | 360 Days | 8% |
| After 13 Months | 390 Days | 9% |
| After 14 Months | 420 Days | 10% |
| After 15 Months | 450 Days | 12% |
The advance amount can be paid in cash or through the KRT Jewellers Mobile App.
Only the reserved weight will be deducted. Full wastage, making charges and GST will be applicable.
Full wastage, making charges and GST will be applicable to any additional weight purchased beyond the reserved weight.
Customers who complete 15 months are eligible for full benefits of up to 12% VA on the reserved weight.
If wastage exceeds this limit on jewellery such as traditional, ethnic or antique designs, the additional cost will be collected.
Charges for precious, semi-precious, zircon and Signity stones will also be collected where applicable.
For jewellery with wastage above 12% VA, the difference in making charges and GST must be paid for the full weight. Wastage and GST are waived up to 12% VA as specified in the plan.
At any point in time, cash will not be refunded.
This plan cannot be merged with any other existing plan for jewellery purchases under any circumstances.
A PAN card Xerox must be submitted at the time of purchase if the purchase value exceeds ₹1,99,000, as per government norms.
Any ongoing discounts and offers cannot be claimed in this advance purchase plan.
Any legal issues relating to this payment scheme will be handled under the jurisdiction of Ramanathapuram District.