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Terms And Conditions

  1. 1. Any Indian resident age above 18 years will only be eligible to join the scheme. (Either guardian or member should be above 18years in age)
  2. 2. Our Gold saving scheme is called as GOLD MINE SCHEME and one more is GOLD VALUE SCHEME This Scheme is for 22ct (916) and 18ct Gold ornaments
  3. 3. Member must choose the plan and fixed advance amount before joining the schemes. Later the plan and amount will not be changed.
  4. 4. In Gold Mine Scheme-70% off on wastage on 916 Jewellery only up to 10% Wastage (VA). 5% off on Rose gold jewellery.
  5. 5. The monthly advance payment is to be paid continuously for 11 months, Monthly instalment may be paid by any mode except card. (Any Online, Digital Payment Charges Cheque dishonour & other charges will be bound by the members only, if any).
  6. 6. The monthly Advance amount must be paid on or before 10th of every month at our showroom. Members should check the entries made in the passbook carefully every time the advance is paid. For any mistakes, it should be immediately brought into notice of us, until it is changed
  7. 7. After having paid all the advance amount for 11 months as per schedule, the members are entitled to get gold jewellery only after 30 days from he date of the last advance arnount paid.
  8. 8. Payment of monthly advance amount can be paid before scheduled date also.
  9. 9. Default in payment will be extending the matunty date of the scheme respectively in next month's slot and not in days. Plan will be cancelled after three defaults in payment, and member can buy jewellery as per pre closure chart
  10. 10. Member may appoint a nominee on submission of KYC details of both self and guardian, Guardian will have to sign on behalf of minor and stands a legal responsible member on behalf
  11. 11. Submission of receipt book is must for purchase of jewellery and it stands a strong proof for the entitlement/purchase of jewellery. If member misplace/lose/handover to unauthorized/ unknown person e not responsible for any misuse of saving scheme receipt book.
  12. 12. Member will have to bring the saving scheme receipt book every time while paying the advance amount and should be surrendered at the time of purchase of jewellery
  13. 13. In case of loss of Original Receipt Book, Duplicate shall be Produced with an affidavit and on payment of Rs. 200/-
  14. 14. The cash will not be refunded under any circumstances, instead of purchasing jewellery.
  15. 15. Jewellery Must be purchased within 30 days from the date of maturity.
  16. 16. Gold Coins will be given at flat 3% (after benefit discount) in ONLY PLAN to 1-Gold Mine Scheme No Coins will be given in PLAN 2-Gold Value Scheme for purchase.
  17. 17. Signature may be verified with receipt book for the purchase and entitlement of jewellery.
  18. 18. Few premium & imported jewelleries will not be given in any scheme.
  19. 19. Precious Stones and Stones settings Charges may be applicable.
  20. 20. Regular wastage will be applicable for the excess amount of purchase beyond the accumulated amount/weight.
  21. 21. The prevailing 22ct and 18ct Market Board Rate will be applicable, respectively, while purchasing jewels for both schemes plan
  22. 22. GST-TDS and other taxes and govt charges will be borne by the members only.
  23. 23. Any ongoing company's promotion & offers cannot be clubbed with this scheme's benefits.
  24. 24. Members who discontinue in between, their benefits will be changed as per Pre-Closure chart.
  25. 25. It is the sole discretion of the company to alter, amend, modify, add or delete any of the terms and conditions from time to time without any prior notice.
  26. 26. Rights of acceptance of membership are reserved with KOTHARI JEWELS,
  27. 27. Pre-closure Condition Chart For Plan 1: GOLD MINE SCHEME 1st to 5th EMI Closure No Benefits 6 to 10 EMI Closure 35% Discount on wastage upto 10% wastage on 916 jewellery for total saving weight total saving
  28. 28. Pre-closure Condition Chart For Plan 2: GOLD MINE SCHEME 1st to 5th EMI Closure No Benefits 6th to 10th EMI Closure 50% Bonus 5000x50%=2500 7000x50%-3500 1000050%=5000
  29. 29. The management's decision will be final in all matters of the scheme.
  30. 30. All disputes are subject to verification and jurisdiction of the competent court in Chennai
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