A. Any Indian citizen above the age of 18 years is eligible to enroll in this scheme.
B. The Member may enroll by selecting a fixed monthly amount, with a minimum of ₹ 3,000 and thereafter in multiples of ₹ 1,000.
C. The Scheme duration shall be 10 months from the date of enrolment.
D. The due date for each installment shall be the same date of each subsequent month as the date of enrollment (e.g., if enrollment is done on 3rd January 2025, then all subsequent installment due dates shall be the 3rd day of each subsequent month).
E. The maximum installment amount is ₹ 1,50,000.

A. The scheme can be enrolled for gold with either 22KT or 18KT gold purities. For each enrollment, the selected purity shall be referred to as the “enrolled purity” or “enrolled gold purity”.
B. For each installment, the gold rate will be booked for the weight calculated based on the prevailing rate of the enrolled gold purity on the day the installment is received.
C. Gold Weight Booked = Installment Received ÷ prevailing enrolled gold purity rate.
D. The gold weight shall be calculated and rounded to the nearest number up to 3 decimal places only.
E. All gold bookings under this Scheme will be done exclusively at the prevailing gold rates for the enrolled gold purity on the day each installment is received.
F. The rate applicable to each installment will be the official gold selling rate for the enrolled gold purity published by the Company for that day.

a. A scheme is considered to be matured when all the installments are paid by the customer within the grace periods and delays allowed under the scheme terms and conditions.
b. A scheme is redeemed when the customer makes a purchase of an ornament belonging to the purity of gold for which the scheme is enrolled and the net gold weight of the ornament is higher than the total booked gold weight under the scheme.
c. At the time of redemption, a member may choose any plain gold or coloured stone studded ornament having net gold weight greater than or equal to the booked gold weight.
d. The scheme cannot be redeemed against gold coins, wali or bullion in any form or purity. To redeem against gold coins, wali or bullion or any ornament of purity other than the enrolled gold purity, the scheme will be foreclosed and the full amount can be used as a regular advance and the transaction can be done at current prevalent gold rates. The rates booked during the scheme period will be considered null and void.
e. For easy calculations, the net gold weight of the ornament will be split in two parts.
  i. The booked gold weight which will be valued at the effective average rate mentioned below (this will be a weighted average)
  ii. The additional gold weight which will be valued at the prevalent gold rate on the day of redemption as published by the Company
f. At the time of redemption, the effective average gold rate at which the customer booked their total installments will be considered for the corresponding booked gold weight.
g. The effective average gold rate will be calculated as follows:
Effective Average Rate = Total Amount Paid / Total Gold Weight Booked (in grams)
h. For any additional quantity of gold the customer wishes to purchase over and above the booked weight, the prevailing rate for the enrolled gold purity on the day of redemption will apply.
i. In case of stone -studded ornaments, the prevalent stone rate on the day of redemption will apply.There will not be any rate booking for any gemstones or diamonds.
j. Making charges will also be calculated on the total gold weight of the ornament but in 2 parts.
  i. Making charges on the booked gold weight will be calculated as per the effective average booked rate and with the discount of 40% on this amount.
  ii. Making charges on the additional gold weight will be calculated at full charges and on the prevalent gold rate as on the day of redemption.
k. GST of 3% will apply on the total ornament amount i.e. 3% X (Total Metal Value + Total Stone Value + Total Making Charges)
l. Example:
  1. If a customer has paid ₹1,00,000 over 10 months for 22KT, and has booked 11g of 22KT gold, the average rate = ₹1,00,000 ÷ 11g = ₹9,090.65/g.
  2. If the customer wants an ornament of 16g, and the current rate is 10000/g then the gold value will be:
    a. 11g at ₹9,090.65/g, and
    b. 5g at the current 22KT gold rate on the day of redemption.
  3. Suppose the making charges for the ornament are to be calculated as 22% of gold value then
    a. Making charges on the booked 11g will be calculated as 22% X 11g X 9090.65/g = Rs.22000
    b. A discount of 40% will apply on this amount. i.e. a discount of Rs.8,800/-
    c. Net making Charges on the booked gold weight = Rs.13200/-
    d. Making charges on the additional 5g gold weight will be calculated as 22% X 5g X current 22KT rate.
      E.g. if current rate is 10400/g then making charges = 22% X 5 X 10400 = Rs. 11440/-
    e. Total Making Charges = 13200+11440 = 24640
    f. Without rate booking, the making charges at current rate would have been 16g X 10400 X 22% = 36608
    g. Total Savings on making Charges = 36608-24640 = 11968
  4. Stone value will be calculated as per current stone rates
  5. GST = 3% X (Total Gold Value + Total Stone Value + Total Making Charges)
  6. Customer saves (10400-9090.65) X 11 = Rs.14,403/- on gold value plus Rs.11968/- on Making Charges..i.e. Total savings of Rs.26,372/-

A. Monthly installments are to be paid on or before the due date agreed at the time of enrolment.
B. A 7-day grace period will be allowed for payment after the due date without penalty.
C. If payment is delayed beyond the grace period, the maturity date will be delayed by the number of delay days from the due date to the payment date for that installment.

A. If the Member fails to make the payment even within the 7-day notice period, a delay will be calculated for that installment as the difference between the day of payment and the due date of that installment.
B. Such delays for all installments will be calculated and stored. The actual delay for scheme maturity will be the delay corresponding to the installment having the maximum delay among all installment delays, and the maturity will be delayed by the number of days equal to this maximum delay.
C. A maximum delay up to 35 days only is allowed for any installment. The Company reserves the right to foreclose the Scheme if the delay is beyond 35 days.
D. If the Member fails to redeem the scheme within 335 days from the date of enrollment, the Company reserves the right to foreclose the Scheme.
E. Upon foreclosure, the customer may choose to use the total amount paid as a regular advance payment against purchase of any ornament, gold coins, wali or bullion at the prevalent current gold rate on the day of foreclosure; otherwise, the Company shall refund the full amount received from the customer under that scheme since enrollment. The refund shall be done between 335 days and 364 days from the date of enrollment.
F. The customer shall get no additional benefit in case of foreclosure.
G. The booked rates and booked weights shall become null and void. Only the total amount received shall be refunded.
H. No further participation or continuation in the Scheme will be allowed after foreclosure.

A. All payments must be made via approved banking channels (cash, cheque, bank transfer, UPI, etc.). The cash component of all installments in total or in the final invoice including all installments cannot be greater than ₹ 1,99,999.
B. The Company shall not be responsible for any delays in payment clearance caused by the Member’s bank.
C. The Scheme is non-transferable and cannot be redeemed for cash. For redemption against physical gold, rate booking benefit shall be voided. Refer to the foreclosure clauses for further details.
D. Applicable GST and making charges will be charged at the time of final delivery as per prevailing rates.
E. The Company reserves the right to amend these Terms & Conditions at any time, and changes will be communicated to Members.
F. The Company’s records related to the payment(s) received, rate(s) booked and gold weight(s) booked, scheme benefit(s) and redemption value shall be considered final and binding.

A. Any dispute arising from this Scheme shall be subject to exclusive jurisdiction of the courts in the city of Mumbai.
B. Members are deemed to have read, understood, and agreed to these Terms & Conditions upon enrolment.