How It Works

Choose an installment amount starting from ₹1,000.

Submit KYC (ID & Address Proof) to enroll.

Pay 10 regular monthly installments.

75% of the 1st month's value credited end of 11 month.

Visit showroom & buy your favorite jewellery.

Benefits calculated as % of One Month Installment

Detailed Terms & Conditions

The Gold SIP Scheme facilitates customers to purchase jewellery on installments from SARVADA JEWELLERS.
Benefit: Earn up to 100% of one month’s installment at the end of the scheme (11 months).
Installment Range: Minimum ₹1,000 and Maximum ₹50,000 (in multiples of ₹500).
Enrollment Date: The date of payment of the first installment shall be deemed as the Enrollment Date.

Due Date: Same date as the Enrollment Date for subsequent months.
Grace Period: 15 days in a month. If payment is missed within the grace period, the benefit offered shall be reduced.
Payment Modes: Cash, Credit/Debit Cards, NEFT/RTGS, Local Cheques favoring "SARVADA JEWELLERS Jewellers Pvt. Ltd.", or ECS.
Restrictions: International cards are not accepted. Cheque dishonor charges are borne by the customer.
Large Deposits: Amounts of ₹2 Lakhs and above are accepted via Cheque/Bank Transfer only.
Reminders: The Company is not liable to send payment reminders.

Maturity Date: 30 days after the payment of the last (11th) installment.
Redemption Window: Customers must redeem within 1 month from the maturity start date.
Non-Redemption: If not redeemed within 1 month, a refund or voucher (aggregating paid installments + discount) will be provided.
Purchase Value: The final invoice value must be equal to or greater than the full value of installments paid. Partial purchase is not allowed.
Gold Rate: Based on the Company’s prevailing rate on the date of purchase/redemption (rates may vary city-wise).
Refund Policy: Cash refunds are generally not available. Refunds, if any, are made via Cheque or Online Transfer to the enrolled bank account.

Who can Enroll: Only Individuals.
Not Permitted: Companies, Partnership firms, Proprietorships, Trusts, HUFs, or NRI Customers.
Minors: May enroll only through natural guardians.
Borrowed Funds: Customers cannot enroll using money borrowed from other persons.
Mode: Offline (Showroom) or Online (Mobile App).

Mandatory: Photo Identity & Address Proof (Driving License, Voter ID, Passport, Ration Card, PAN Card, etc.) and Bank Account details.
Name Accuracy: Name must match the ID proof exactly (no nicknames).
Updates: Any change in contact/address must be immediately updated with the Company.
Verification: The Company reserves the right to verify identity via SMS/OTP or document checks at any time.
At Redemption: Account holder must personally visit with valid Photo ID and PAN Card.

Nominee can be appointed at the time of enrollment.
In the event of death, the amount is transferable to the nominee upon producing ID/Address proof.
If No Nominee: Legal heirs must produce: Death Certificate, Succession Certificate, NOC from other heirs, Indemnity Undertaking, and Will (if any). Company decision on document sufficiency is final.

Operator: The Company is the operator and reserves the right to suspend/alter the scheme at any time.
Liability: Limited to the extent of installments paid + applicable discounts. No other assurance/warranty is implied.
Disputes: Subject to the jurisdiction of RANCHI Courts only.
Regulatory Changes: Company reserves the right to modify the scheme to comply with changes in laws/rules/Acts.