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SPARKLING SAVING SCHEME (12+1)

by Savitri Ornaments Pvt Ltd

Scheme Benefits

• SPARKLING SAVING SCHEME (12+1) is a smart, secure, and easy way to purchase your desired jewellery.
• Start your Gold SIP with a minimum amount of ₹5,000/-
• Pay 12 fixed monthly instalments
• Get a special incentive equal to 100% of one monthly instalment on successful completion of the scheme
• Jewellery purchase can be made after completion of the scheme period and payment of all instalments

General Terms & Conditions

Eligibility

• Only individuals can enrol in the scheme.
• Minors can enrol only through their natural guardian.
• Customer must provide valid ID proof and PAN Card at the time of enrolment/redemption.

Payment Terms

• Customers must pay instalments before the due date.
• One instalment must be paid every month for 12 months.
• More than one instalment in a single month will not be accepted.
• Instalment amount remains fixed at the time of enrolment.
• A grace period of 7 days may be allowed for delayed payment.
• Delay beyond the grace period may reduce the scheme bonus or attract additional charges.

Accepted Payment Modes

Payments can be made through:

• UPI
• NEFT
• RTGS
• Online Banking
• Debit/Credit Cards

Cash payments are not accepted.

Redemption Policy

• Scheme will mature after completion of 12 months from the enrolment date.
• Customer must redeem the scheme within the validity period decided by the company.
• Jewellery purchase must be equal to or greater than the deposited amount.
• Partial redemption or partial purchase is not allowed.

Incentive Benefit

• Customer becomes eligible for the scheme bonus only after successful payment of all 12 instalments.
• Bonus benefit is equal to 100% of one monthly instalment.
• In case of delayed or missed instalments, bonus/incentive may be reduced proportionately.

Pre-Closure Policy

• Customer may request pre-closure of the scheme after minimum required instalments as decided by the company.
• In case of pre-closure:
  • Jewellery can be purchased against deposited amount, OR
  • Company may issue a credit/discount voucher at its discretion.
• No cash refund will be provided.

Jewellery Purchase Conditions

• Gold rate applicable will be the prevailing company gold rate on the date of purchase.
• Gold rates may vary city-wise depending upon the corporate gold rate.
• Customer must personally visit the store with valid ID proof and PAN Card for redemption.
• Making charges, wastage charges, GST, stone charges, and other applicable charges will be charged extra.

Gold Coin & Silver Bar Policy

• Gold coins and silver bars are not included under the scheme bonus benefit.
• Customers can purchase:
  • Gold Jewellery
  • Silver Jewellery
  • Diamond Jewellery
• In case of purchase of gold coins or silver bars, the scheme bonus/incentive will not be applicable.

Discount Policy

• No other offers, discounts, or making charge discounts can be clubbed with the scheme bonus.
• Scheme bonus is a standalone benefit applicable only on jewellery purchased under the scheme.

Customer Responsibility

• Customer is responsible for providing correct personal and banking details.
• The company will not be responsible for payment failures caused by banks or online payment systems.
• The company is not liable to send payment reminders.

Company Rights

• The company reserves the right to:
  • Modify
  • Amend
  • Suspend
  • Discontinue the scheme at any time without prior notice.
• Any decision taken by the company regarding the scheme shall be final and binding.

Liability

• Company liability is limited only to:
  • Instalments paid
  • Applicable scheme benefits
• The scheme does not guarantee any fixed returns, gold rates, or future value.

Legal Compliance & Jurisdiction

• In case of changes in laws, rules, or regulations, the scheme may be modified accordingly.
• All disputes shall be subject to local jurisdiction only.