| Installment No. | Amount in Instalment | Gold Rate | Weight Accumulated |
|---|---|---|---|
| 1 | 5000 | 7500 | 0.67 |
| 2 | 5000 | 7600 | 0.66 |
| 3 | 5000 | 7600 | 0.66 |
| 4 | 5000 | 7700 | 0.66 |
| 5 | 5000 | 7700 | 0.65 |
| 6 | 5000 | 7600 | 0.65 |
| 7 | 5000 | 7700 | 0.66 |
| 8 | 5000 | 7800 | 0.65 |
| 9 | 5000 | 7800 | 0.64 |
| 10 | 5000 | 7800 | 0.64 |
| 11 | 5000 | 7800 | 0.64 |
| Total Weight Accumulated | 7.15 | ||
Benefits
Joining Gift: All customers enrolling in the scheme will receive a joining gift.
After Completing Minimum 11 Months
Customers can redeem their accumulated amount towards Gold, Diamond, or Silver purchases with respective scheme benefits applied:
1. Gold Jewellery (916)
- Jewellery: 75% off on making charges.
- 916 Gold Coins/Bars: 100% off on dye charges.
2. Diamond Jewellery
- 50% off on wastage (up to 18%).
- 10% off per carat.
- 10% off on making charges.
3. Silver Articles & Jewellery
- Purchase silver for the exact value you have paid. For Silver Articles (Regular / Antique / Special): Your savings will be converted to silver weight as per the rate on the day of redemption.
- Non-MRP Silver Articles: 100% off on wastage & making charges.
- Non-MRP Silver Special Items / Antique Articles: 50% off on wastage & making charges.
- Sterling Silver 925 (MRP Jewellery): Flat 20% off on MRP.
- MRP Gift Frames & Articles: No discount applicable.
Note: For MRP / Fixed Rate Silver Products, the scheme amount will be considered as value (₹) and not converted to silver weight.
| Accumulated Weight (g) | Product Wastage (%) | Discount on Wastage (%) |
|---|---|---|
| 5.0 | 18% | 75% |
| 5.0 | 25% | 75% |
| Customer Wastage Payment Calculation | |
|---|---|
| Discount applicable only up to | 18% wastage |
| Actual Product Wastage | 25% |
| Additional Wastage (charged fully) | 25% - 18% = 7% |
| Discount on first 18% | 75% of 18% = 4.5% |
| Total Wastage Customer Pays | 11.5% |
Terms and Conditions
1. To enrol, customers must submit a filled application form, valid ID proof (Aadhaar or PAN), and the first installment.
2. Customers can invest a fixed amount monthly for a minimum of 11 months and up to 15 months.
3. Monthly payments must be made regularly. If delayed beyond 60 days, the plan will be cancelled. The amount can still be used for purchases, but benefits will not apply.
4. Scheme benefits do not apply to orders. Customised jewellery will attract additional wastage charges.
5. Additional charges such as stone cost, hallmarking, certification, and customisation will be borne by the customer.
6. Full scheme benefits can be redeemed only after 30 days from the date of the final installment.
7. Advance payments are allowed but recorded only from the 1st day of the following month(s).
8. No interest will be paid on advance amounts.
9. Customers must submit their receipt book at the time of redemption.
10. For loss of receipt book or address change, customers must inform the company and request a duplicate with KYC documents.
11. A nominee may be assigned by submitting KYC. If the nominee is under 18, guardian details must be mentioned.
12. Any loss of passbook must be reported to the showroom immediately.
13. KYC verification and mobile number confirmation are mandatory at maturity.
14. Customer signature will be verified during redemption.
15. Management reserves the right to amend/suspend/cancel these terms at any time. Jurisdiction: Chennai.
16. Making charges will be based on prevailing rates at the time of redemption.
17. Scheme amounts are treated as monetary value. Weight fluctuation in gold due to price changes will not be adjusted.
18. SR Jewellery is not responsible for gold price fluctuations.
19. If the customer discontinues after 90 days, redemption is allowed without scheme benefits, and applicable charges will apply. Lock-in period: 90 days minimum.
20. If the plan is discontinued before completing all installments, the value of the joining gift (if any) will be deducted at redemption.
21. Redemption is allowed only for in-stock items. Orders/custom designs are not eligible for benefits.
22. No refunds permitted. Redemption must be done only as jewellery (gold, diamond, silver).
23. GST applicable must be paid by the customer during redemption.
24. Stone setting, hallmarking, and any other product-specific charges are excluded from the scheme.
25. Redemption is allowed only at SR Jewellery branches by submitting a redemption form and valid ID proof (Aadhaar/PAN).
26. The scheme is non-transferable. Only the registered customer can redeem. In case of demise, the nominee can redeem upon submission of a valid death certificate issued by the Tamil Nadu Government.
27. Installments can be paid at any SR Jewellery/SR Jewelfactory branch or via the official app or website (www.srjewellery.in). Always collect a receipt and confirm SMS acknowledgment.
28. If the selected jewellery exceeds eligible 22KT gold weight, the customer must pay making charges, wastage, and GST for the excess. Scheme benefits are not applicable to this excess weight.
29. Ongoing store offers cannot be clubbed with the scheme during redemption.
30. Changes to name, mobile number, or address are not permitted. An OTP sent to the registered number is mandatory for redemption.
31. For cash payments, pay in person and collect an official receipt. Avoid giving cash to any third party or staff member not authorised; management is not responsible for such transactions.
32. You can start saving with a minimum of ₹1000 and in multiples (e.g., ₹1000, ₹2000, ₹5000, ₹10,000, etc.).
33. Note: Benefits are not applicable for 24KT Gold Coins/Bars.
