1. Swarn Sanchay is a jewellery purchase scheme introduced by Raj Jewellers (Lko) Pvt. Ltd. (hereinafter called the company. The scheme is introduced to facilitate monthly installments and also get benefit in time of discount at the time of purchase of jewellery after completion of the scheme duration. The scheme is for one duration of 11 months.Since it’s a jewellery purchase scheme, hence no return is offered as direct interest to customer. However, the customer will be entitled in form of discount at the time of purchase of jewellery on the maturity of the scheme.

2. The scheme is for 11 months only, wherein the customer has to pay 11 monthly installments with a minimum of Rs. 2000/- The additional amount can be in multiple of thousands. And maximum installment can be Rs 6000/- per month. After depositing 11 installments on or before the due date, the customer will be entitled to purchase jewellery with benefit in form of discount equivalent to one month installment after completion of 11″ month from the date of subscribing the scheme.

3. The aggregate maximum amount receivable by the company from all the customers under the scheme shall be subject to the overall limit prescribed under Companies Act, 2013 and the rules made there under and as may be amended from time to time

4. The customer is required to submit the duly filled in application form along with two passport size photographs, self-attested copy of one photo ID like Driving License/ Aadhar Card/ Voter ID/ Pan Card/ Passport etc., at the time of subscribing to the scheme.

5. The Scheme is open to all Indian citizens having the age of 18 years or more. For minors, parents/ guardians can enroll on their behalf.

6. The installments can be paid by Cash, Cheque, Debit and Credit cards. Cheque payments are subject to realisation. Charges for bounced cheque will be paid by the customer. Proper receipts will be issued by the company against installment received under the scheme.

7. Payment of monthly installment should be paid on or before the due dates. Any failure in this regard is consider as a default for that particular month and the eligible discount would be reduced proportionately.

8. Customer should ensure that all the payments made by him are correctly updated on his passbook against money receipts and any discrepancy should be immediately brought to the notice of respective showroom manager and got rectified.

9. The customer shall be required to deposit all receipts of installments paid along with the Passbook at the timeof purchase of jewellery on redeeming the scheme. In case the Passbook is lost duplicate will be issued on submission of indemnity bond as per satisfaction of the Company along with photo ID and address proof.

10. The rate of gold shall be charged on the basis of the rate prevailing at the Company’s showrooms at the timeof purchase of jewellery.

11. The making charges and taxes shall be applicable as on the date of purchase of jewellery under the scheme.

12. The scheme is only applicable for the purchase of gold or diamond jewellery and not for purchase of Gold or silver coins.

13. The purchase of jewellery can be made from any one of the Company’s showroom on the completion of 11* month.

14. Customer can also purchase jewellery for a higher amour the aggregate of all the installments paid and the added bu For example, if the amount on the maturity is Rs. 20,000% customer can purchase jewellery worth Rs. 40,000/- or for an his value after paying the differential amount.

15. The Company’s 7 day’ return policy (if the jewellery is returned within 7 days from the day of purchase) will not be applicable to the jewellery purchased under the scheme.

16. Under no circumstances, the customer can ask for premature closure of his scheme before expiry of 6 months from the date of subscribing to the scheme. However, in case premature closure of the scheme is sought by the customer after the expiry of 6 months from the date of subscribing the scheme and will be through cheque or NEFT only and the benefit if any, will be provided by discount voucher.

17. The scheme is non-transferable. Only the customer, who enrolled under the scheme, would be able to redeem and purchase jewellery However, the customer can nominate any person, in whom the scheme shall vest in case of his death.

18. The Company reserves the right of admission of the scheme.

19. The Company reserves its right to add, modify or amend from time to time, the terms and condition of the scheme without any prior notice and assigning any reason, so long such additions, modifications or amendments are not to the prejudice or disadvantage of the customer or not inconsistent with the Companies Act, 2013.

20. The liability of the Company shall be limited to the extent of installments received under the scheme and the applicable added benefit in the form of discount as per scheme.

21. All the disputes in respect of the present scheme are subject to exclusive jurisdiction of Lucknow court only.