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Saving Scheme

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Terms & Condition

  • Arundhati Jewellers Private Limited offers Swarn Samrudhi advance jewellery purchase plan to facilitate its customer to purchase jewellery from any store of Arundhati Jewellers Pvt. Ltd. out of their past 11 months purchase plan amount.
  • The advance jewellery purchase plan is available for any person who is a citizen of India and have 18 years of age or more on submission of signed copy of his/ her photo identity and address proof KYC documents i.e. Aadhar Card/ Driving Licence/ Passport along with bank accounts details. The copy of PAN Card is required where the total instalment amount exceed Rs.1,99,999/-. However, the enrolment is not permissible for other entities like companies, LLP, Partnership Firm, Proprietorship concern, Trust, Hindu Undivided Family (HUF) or NRI Customers. Minors may enrol only through their natural guardians.
  • The duration of the advance jewellery purchase plan is 11 (eleven) months. Under this plan, the account holder has to pay 11 (eleven) equal amount monthly instalments with a minimum of Rs.1000/- (Rupees one thousand only) or above (in multiple of Rs.1000/-) on every due dates. The date of the payment of first instalment shall be deemed as the enrolment date. The plan will mature after completion of 11 months from the enrolment date and the account holder are eligible for 80% discount of an instalment amount on redemption of the plan provided the advance jewellery purchase plan holder has to pay all the instalments on or before the due date including the grace period of 7 (seven days). The account holder is mandatorily required to redeem his /her account before the completion of 12 months from the enrolment date.
  • The payments of instalment amount can be made by cash in the cash counter of any Arundhati Jewellery stores or by Net banking to the designated account of the Arundhati Jewellers Private Limited or by scanning the QR code available in the stores of Arundhati Jewellers Private Limited. Arundhati Jewellers Private Limited is not responsible or accountable for any payments made other than the aforesaid ways.
  • Under the advance jewellery purchase plan, an account will be considered as default account where any two conjugative payment is not paid on or before the due date including the grace period of seven days. In case of default payment, the aforesaid discount/bonus rate will be reduced proportionately on the basis of number of default/ (s). Where the account holder has not paid the requisite minimum 6 (six) conjugative monthly payment, then the account holder will not be eligible for any discount/bonus under this advance jewellery purchase plan.
  • The account holder is allowed to pre-close the advance jewellery purchase plan after 6 (six) months with a benefit discount/bonus of 25% of the first enrolment amount only.
  • The advance jewellery purchase plan is introduced for purchase of 22KT gold jewellery, Diamond jewellery, Platinum jewellery and Silver Jewellery only against the total instalment amount paid. The refund of amount or partial purchase or purchase of pure gold / gold coin, pure silver/ silver coin is not allowed in any circumstances.
  • The gold rate booked or charged in the Invoice at the time of purchase may vary store/ city wise depending on the gold rate applied by the company. The rate of gold shall be based on the company‚Äôs prevailing gold rate on the date of purchase.
  • The Arundhati Jewellers Pvt. Ltd. or any of its stores will not be responsible or liable to send reminders for payments.
  • The accounts opened under this plan are transferable and redeemable within the different locations of Arundhati Jeweller Pvt. Ltd. stores. The photo identity proof of such account holder (given at the time of enrolment) along with the original pass book and PAN Card, if required under applicable law should be produced at the time of redemption. The company reserves the right to satisfy the identity of the account holder in any manner it deems fit.
  • Under the Swarn Samrudhi advance purchase plan, the jewellery purchased will be subject to making charges/ wastage charges, material charges, Goods & Service Tax or any other surcharges levies as may be applicable/prevailing at the time of purchase.
  • 12. At the time of enrolment of Swarna Samrudhi advance purchase plan, the account holder appoint a nominee upon submission of relevant documentations. In the event of death of the account holder, the amount is transferable by the company only to the person(s) whose nomination has been filled by the account holder in the Enrolment From, subject to such nominee producing photo identity and address prof. In case the account holder does not nominate any person, any claim(s) made by any other person(s) on behalf of the account holder will not be entertained unless such person being a legal heir/duly authorised person claiming the benefits under the advance purchase plan, shall produce below documents to the Company:
    • Death certificate of the deceased.
    • Succession/ legal heir Certificate.
    • NOC from other surviving legal heir for redemption.
    • Indemnity undertaking to indemnify Arundhati Jewellers Pvt. Ltd. from any claims.
    • Will (if any).
    • Along with all other supporting documents & clarification however, the decision of the Company shall be final on sufficiency of any document in all such cases above & the same shall be binding upon the claimants.
  • The Company reserves the right to alter, amend, add or delete part or whole of the privileges of the plan without prior notice to the advance jewellery purchase holder, as long as the same is not detrimental to the interests of the plan holder.
  • The company is the operator of this advance purchase plan and reserves the right to suspend the plan at any time. In any such event, the account holder may purchase any item at the any store of Arundhati Jewellers Pvt. Ltd. equal to the value of the instalments accumulated in his/ her Swarn Samrudhi advance purchase Plan along with discounts accumulated, as on that day.
  • The liability of the company or its franchisee(s) or agents under Swarn Samrudhi advance jewellery purchase plan is limited to the extent of instalments/ advances paid by the account holder (s) and the discount/bonus as per the plan and the terms and conditions contained herein and thus does not lead to any other assurance or warranty whatsoever by the Company.
  • Any conditions that are not explicitly covered above would be the discretion of the company at the time of transaction/ redemption. The decision of the Company in this regard would be deemed as irrevocable and final.
  • Disputes if any will be subject to the Courts in Bhubaneswar jurisdiction only, to the exclusion of any other court's jurisdiction.
  • In case of any change in existing laws, rules, Acts, etc.by any regulatory authority, the company reserves the right to make such modifications/ change/ suspend/ discontinue the advance purchase plan suitable to the change of law and necessary requirements as per the same have to be complied with by the account holder.