Terms & Conditions for Monthly Scheme

  • The Smart Savings Plan is for a period of 11 months only
  • Members can take Gold, Diamond, Platinum or Silver Jewellery in the 12th month after completion of the plan period without any default/ delay in the monthly payment.
  • Two Bonus installments will be paid only after successful completion of 11 months.
  • No bonus will be paid on pre-closure of the plan by the members and they will be allowed to take Gold/ Silver Jewellery only for the amount they have paid.
  • No cash refund is allowed.
  • Payment can be made in cash/ local cheque/ DD drawn in favour of ARNAV & Company. At Par out station cheques are accepted. Bank charges will be extra for bounced cheques. Members can pay by post dated cheques also.
  • Value addition/ Wastage/ Making Charges and GST will be charged extra.
  • Monthly installments should be paid before the 10th of every month.
  • Installments paid after the 10th of that month will be credited in the subsequent month and the plan will be extended by a month for every default.
  • Savings Plan amount cannot be adjusted against any cash/ credit bill in part or in full. It has to be a fresh purchase only.
  • Credit/ Debit Cards are accepted as payments for the plan.
  • Previous months installments will not be accepted.
  • Bullion, Gold/ Silver coin purchases are not valid in this plan.
  • Payments will not be accepted without the Pass Book/ Membership Card.
  • M/S ARNAV & Company will reserve the right to alter, amend, add, delete or suspend the scheme at any point of time. In such circumstances, purchases can be made on the value of amount paid without bonus installments.
  • There will be no further interest/ incentive paid if the members delay the purchase after the end of 17 months.
  • Gold/ Silver rates ruling the date of purchase/ order will be charged.
  • All disputes if any, shall be subject to Bengaluru Jurisdiction.
  • For more details please write us on [email protected]
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