GLIMMER PREMIUM PLUS
Glimmer Premium Plus is a flexible 11-month gold purchase scheme that lets you start with ₹500 or more and make one or more monthly payments. Each payment is converted into gold weight at the prevailing gold rate and credited to your account. At maturity, the accumulated gold can be redeemed for jewellery with 0% making charges up to 15%, and a 50% discount on making charges above 15%.
A flexible gold purchase plan where every payment — whether monthly or multiple times a month — is converted to gold weight at that day's rate. At maturity, redeem your accumulated gold for jewellery with generous making charge benefits: 0% up to 15% VA, and 50% discount above 15%.
Plan Details
- Scheme duration: 11 months.
- Minimum monthly payment: ₹500 or above, in multiples of ₹500.
- Customers may make one or more payments per month. Each payment must be ₹500 or above.
- Every payment will be converted into the equivalent gold weight at the prevailing gold rate on the date of payment and credited to the scheme account.
- Multiple payments will be converted separately based on the gold rate applicable on each payment date.
- Delayed payments will be converted at the gold rate prevailing on the actual payment date.
- Delayed or missed payments may affect scheme benefits as per the jeweller's policy.
- Payments made during Months 7–11 must not exceed the total amount paid during Months 1–6. Any excess amount will not be eligible for scheme benefits.
- On maturity, the accumulated gold can be redeemed for eligible jewellery or gold coins.
- Making Charge Benefit: Up to 15% making charge — 0% making charge. Above 15% making charge — 50% discount on the making charge as per the tag price.
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TERMS & CONDITIONS
- The scheme duration is strictly fixed, and no extensions will be permitted under any circumstances.
- Current offers, promotions, or discounts cannot be combined with jewellery purchases made under this scheme.
- Cash or bank transfer refunds are not permitted under any circumstances under this scheme.
- Customer can make the payments through Cash NEFT/ RTGS/ UPI/ Cheques / ARABIAN OFFICAL APP.
- As per government rules, combining multiple accounts paid in cash is not allowed if the total cash payments exceed Rs.1,99,000.00
- Regular monthly payments must be maintained to retain eligibility for the plan benefits
- Valid identification proof is mandatory at the time of account opening and redemption.
- The agreement must also be submitted at the time of scheme closure for verification and settlement.
- In the event of an address change or loss of the customer agreement, the customer must inform promptly, and updated KYC documentation is required for the issuance of a new agreement.
- Customer signature will be verified upon jewellery purchase.
- Stone charges will be applicable as per the selected jewellery design.
- Early withdrawal before the maturity of the plan is not permitted. If a customer terminates the plan prematurely all scheme benefits will be forfeited.
- A nominee is eligible to purchase under this scheme only upon receipt of official communication from the customer.
- GST charges will be applicable as per prevailing government regulations.
- The company reserves the right to modify, add, or remove any terms and conditions as deemed necessary, without prior notice.
- All disputes shall be subject to the jurisdiction of the Hon'ble High Court of Ernakulam.
- Customers can nominate a family member who is authorized to purchase/redeem the scheme on their behalf. The nominee must carry valid ID proof and an authorization letter from the customer at the time of redemption.