- This Scheme is valid for 11 months only.
- You can pay a minimum of Rs.500, 1000, 2500, 5000, 10000 & 15000 per month.
- Customer can get attractive gifts in this scheme.
- Customer is eligible to purchase Gold jewellery/Diamond jewellery /Silver articles without Wastage (UNLIMITED) However Making Charges may be applicable.
- In this scheme there is no wastage and no making charges for gold coins and even the GST will be borne by company itself.
- Special discount or offers prevailing at the time of purchase cannot be clubbed with scheme benefits.
- Under this scheme your monthly savings can be credited to your account as a)cash values or b) 22kt gold weight as per prevailing rates each month. On maturity you can choose whichever is beneficial for you.
- Payment can be made by Cash/ Credit card / Debit card / PAYTM.
- Online payment facility available at our website www.avrjewellers.com. All online payment service charges Free!. This will be borne by the company.
Terms & Conditions
- The sale price will be determined based on the prevailing market rate (i.e., the date of sale of gold ornaments).
- Monthly installment should be paid before every month end.
- Irregular paid installments are not eligible for the complete benefits of the scheme. (e.g.) if you have regularly paid your monthly installment Rs.1,000 amounting to Rs.7,000 on time & irregularly paid balance Rs.4,000 under this scheme then the benefit of the scheme is eligible for the amount Rs.7,000 only, the wastage is applicable for the balance Rs.4,000.
- While joining the scheme,
- (a) Account holder photo and finger print biometric will be taken in person.
- (b) While purchasing jewels the account holder details will be verified with his finger print biometric.
- It is mandated that all advance payments will be adjusted against order of gold/Diamond & silver ornaments or coins within a maximum period of 365 days from date of first advance paid.
- This advance for purchase is placed for Design Number …… shown in our catalogue.
- The account holder has a right to change the design while purchasing the jewels.
- Customer can appoint a nominee in this scheme.
- Passbook should be produced for every transaction.
- Installment payments & Jewellery purchase should be made within the respective state only.
- There is no cash refund in this scheme, you can buy only jewels or coins.
- When discontinued, the customer is not eligible for the benefits of the plan & gift value will be deducted.
- As per Government Norms, no scheme can exceed 12 months in duration. Kindly make your purchase after the completion of 11 months and before 12 months, failing to do so will entitle losing of entire scheme benefits.
- The management reserves the right to change, alter the terms and conditions of this scheme at its discretion as per the prevailing Government rules & regulations.
- GST is applicable.
Frequently Asked Questions
WHAT ARE THE BENEFITS FOR THE CUSTOMERS IN SCHEME?
Golden Dream is a unique scheme, where customers can buy gold/diamond & silver jewellery without wastage.
HOW MANY INSTALLMENTS DO WE REMIT UNDER GOLDEN DREAM SCHEME?
11 installments have to be remitted, the customers should buy jewels in the 12th month without fail.
HOW MUCH CAN WE PAY (INSTALLMENT) EVERY MONTH?
You can pay a minimum of Rs.500, 1000, 2500, 5000, 10,000 & 15,000.
SHOULD WE PAY THE INSTALLMENT REGULARLY AND ON THE DATE EVERY MONTH?
Yes, monthly installment should be paid before every month end.
WHAT HAPPENS IF THE PAYMENTS ARE IRREGULAR?
Irregular paid installments is not eligible for the complete benefits of the scheme. (E.g.) if you have regular paid your monthly installment (Rs.1000) amounting to Rs.7000 on time & irregularly paid balance of Rs. 4000 under this scheme, then the benefit of the "no wastage" is eligible for the amount of Rs.7000 only. The wastage is applicable for the balance of Rs. 4000.
WHAT HAPPENS IF I DISCONTINUE?
EXAMPLE 1: CUSTOMER HAS PAID 4 INSTALLMENTS REGULARLY AND CLOSED BEFORE 11 MONTH?
In this case - principle amount only eligible to the customer
EXAMPLE 2: CUSTOMER HAS PAID 4 INSTALLMENTS REGULARLY AND CLOSED ON 12TH MONTH?
In this case - Scheme benefit will applicable for 4 installments as customer PAID
CAN WE BUY PLATINUM JEWELS IN THIS SCHEME?
Yes, you can buy platinum jewels in this scheme with wastage.
DO WE HAVE TO PAY VAT UNDER THIS SCHEME?
Yes, VAT is applicable.
CAN WE GET MONEY IN THIS SCHEME?
No, you can purchase gold/diamond & silver jewellery only in this scheme.
IF WE PURCHASE JEWELLERY WORTH MORE THAN THE SAVED AMOUNT, DO WE PAY WASTAGE CHARGES?
Yes (Eg) if you have saved Rs. 11,000 under this scheme and purchasing jewellery. In the 12th month for the worth of Rs. 15,000,after deducting the saved amount Rs.11, 000, the wastage is applicable for the balance Rs.4, 000.
CAN WE AVAIL SPECIAL DISCOUNTS OR FESTIVAL OFFERS IN THIS SCHEME?
No, special discounts or festival offers are not available in this scheme.
HOW DO WE PAY INSTALLMENTS?
You can pay your installments by CASH/CREDIT/DEBIT CARD/PAYTM or by MO/DD/AT PAR cheque in the name of "AVR SWARNAMAHAL JEWELRY PRIVATE LIMITED".