GLIMMER PREMIUM

GLIMMER PREMIUM

With Glimmer Premium, saving on time is what earns you the reward. Complete all 11 monthly installments without a missed payment and you get a making charge waiver of up to 15% on your jewellery purchase. It is a monthly gold saving scheme where your consistency directly translates into savings.

GLIMMER PREMIUM

Each installment you pay is recorded against that day's 22k gold rate. When you are ready to purchase, your applicable rate is the average across all 11 payment dates. So rather than buying at whatever the rate happens to be on the day you walk in, you benefit from a rate built up steadily over your entire saving period.

Term Duration:

11 monthly installments, all paid by you. Minimum monthly installment: ₹500. No upper limit.

Benefits :

Making charge waiver of up to 15% for members who complete all 11 payments on time. Purchase rate averaged across all 11 monthly payment dates.

Redemption :

Redeem towards gold jewellery or gold coins from our collection within 365 days of your scheme start date. A missed or delayed payment may result in forfeiture of your making charge waiver.

TERMS & CONDITIONS

  1. Glimmer Premium is a monthly gold saving scheme. Customers make fixed monthly payments for 11 consecutive months to become eligible for jewellery purchase.
  2. The minimum monthly installment is ₹500. There is no upper limit on the monthly installment amount. Customers may choose a preferred payment date within the month, which will serve as the fixed monthly due date for the duration of the scheme.
  3. The gold rate applicable at purchase is the average prevailing 22k gold rate recorded on each of the 11 monthly payment dates.
  4. Customers who complete all 11 monthly installment on time and without any default are entitled to a making charge waiver of up to 15%. For jewellery with making charges exceeding 15%, the customer will pay the difference.
  5. Any missed or delayed payment may result in forfeiture of the making charge waiver benefit.
  6. Purchases are permitted only upon completion of all 11 monthly installments. All purchases must be made within 365 days of the scheme start date. Accounts not redeemed within this period will be considered lapsed.
  7. 916 HUID hallmarked gold jewellery and gold coins are eligible for purchase under this plan. Diamond, platinum, and other high-value jewellery are not eligible.
  8. Stone charges will apply as relevant to the jewellery selected.
  9. For jewellery exceeding the accumulated gold weight or value, Value Addition (VA) charges will apply. If the VA rate for the selected jewellery exceeds 15%, the customer will be charged the additional VA amount.
  10. Jewellery customisation is not available under this plan. Selections must be made from in-stock items at the time of purchase.
  11. This plan cannot be combined with any ongoing promotional offers or discounts.
  12. Customers who close the scheme before completing all 11 months will forfeit the making charge waiver. The accumulated amount may be used towards an immediate purchase without plan benefits.
  13. As per government regulations, combined cash deposits across multiple accounts cannot exceed ₹1,99,000.
  14. A payment receipt must be obtained for every installment. Receipts can be issued via WhatsApp (+91 98950 64916) or email (care@arabiangoldanddiamonds.in) for UPI and bank transfer payments.
  15. Customers opting for a passbook must present it each month and submit it at the time of jewellery purchase.
  16. Loss of passbook or change of address must be reported promptly. KYC documentation will be required for replacement.
  17. No withdrawals or interest on advance payments are permitted.
  18. Valid identification is required at account opening and at the time of purchase or redemption. Customer signatures will be verified upon jewellery delivery.
  19. Cash refunds are not permitted under any circumstances. GST will be applied as per prevailing government regulations.
  20. Arabian Gold & Diamonds reserves the right to modify, add, or remove any terms and conditions as deemed necessary. All disputes are subject to the jurisdiction of the Ernakulam High Court.