1. Redemption Policy: Benefits under this savings plan cannot be converted into cash. Redemption is permitted only against purchases of Gold Jewellery, Silver Jewellery, Silver Articles, or Diamond Jewellery. Bullion are strictly excluded.
2.Plan Commitment: Once enrolled, the selected plan cannot be modified, upgraded, or switched until the full tenure is completed.
3.Payment Methods: All instalments must be paid through secure modes such as the TVC App, Cash, UPI, or Bank Transfer, ensuring smooth and seamless processing.
4.Additional Weight Charges: If the final Jewellery selected exceeds the accumulated gold or silver weight, the additional grams will be billed at the prevailing market rate plus applicable value additions (V/A).
Example: If 100g is accumulated but the chosen product weighs 105g, only the extra 5g will be billed along with the applicable V/A.
5.Gold & Silver Accumulation Conversion: In the Gold Accumulation Plan, each instalment amount is converted into 22K gold (916) or Silver (925) weight based on the Gold rate OR Silver rate on the day of payment.
6.Non-Transferability: Membership and benefits under the scheme cannot be transferred to another individual or combined with any other promotional offer.
7.Value Addition (V/A): Value addition will apply at the time of redemption depending on the Jewellery design selected.
8.No Returns / Buy-Back Policy: Jewellery purchased cannot be returned. Under buy-back, only the gold value will be considered; V/A and GST will be deducted.
For customers seeking a refund, the amount paid can be utilised only for purchasing Gold or Silver Jewellery or Silver Articles not cash.
9.Eligibility & Benefit Conditions: To avail full benefits, payments must be made on time. Instalments delayed by more than 30 days will result in loss of benefits for that particular month. Refunds, if applicable, will be provided only in the form of gold or silver Jewellery value.
2. 10.Eligible Jewellery Categories: Scheme benefits apply exclusively to Jewellery purchases not coins, bars, or bullion.
mandatory at the time of membership registration.
11.Customer Identification: Valid ID proof (Aadhaar/PAN) is mandatory
12.Scheme Validity: This scheme is valid at TVC Jewellery outlets (Flagship Store: Gandhinagar & Branch Store: Jayanagar) and is applicable online only in TVC JEWEL App.
13.Monthly Advance Requirement: A fixed monthly advance must be paid for 11 consecutive months. Payments cannot extend beyond this period and are strictly non-transferable.
14.Benefits After 11 Months: After completion of 11 months, customers become eligible for No Wastage (VA) up to 15% on gold accumulation plan. Also get 25%off on V/A on Silver accumulation plan. Benefits for diamond, platinum, and silver products will be provided as per the approved benefits chart.
15.Payment Schedule & Interest: Monthly instalments must be made on or before the 10th of each month. Instalments made under this plan do not carry any interest.
16.Payment Mode Rules & Cash Limits: Cash payments beyond ₹16,000 per month are not permitted. Higher amounts should be paid through UPI, DD, TVC App, Debit/Credit Cards, NEFT, RTGS, Local Cheques, or PDC Cheques. Government regulations do not allow combining cash-based accounts if the total cash value exceeds ₹1,99,000.
17.Discontinuation Policy: If the customer discontinues the plan within the first 9 months, no benefits or VA discounts will be applicable. Redemption will be limited to accumulated gold weight, with 100% VA payable. If the customer discontinues the plan in the 10th month, only 70% of the V/A charges will be applicable based on the lower of the plan’s average gold rate or the prevailing rate.
18.KYC Compliance: KYC is compulsory. Any address change or loss of receipt book must be reported immediately, and a new book will be issued upon submission of updated KYC.
19.Payment Restrictions: Advance payments beyond one month or p
3. 20.Showroom Access: Payments and Jewellery delivery can be completed at any TVC Jewellers showroom in Bangalore.
21.Purchase Eligibility: Purchases under this scheme are permitted from the 11th month (330 days) onwards and apply only to Diamond Jewllery ,Gold Jewllery ,Silver Jewellery, and Silver Articles.
22. Taxes & Levies: All government taxes, including GST, applicable at the time of purchase or delivery must be borne by the customer.
23.Other Charges: Additional charges apply for stones and precious stones used in the Jewellery.
24.Terms Modification: The firm reserves the right to revise, update, add, or remove any terms and conditions at its discretion.
25.Legal Jurisdiction: Any disputes related to this scheme fall under the exclusive jurisdiction of the courts in Bangalore.
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