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.
Customer can pays a fixed amount every month, the equivalent weight of gold is calculated based on that day's gold rate and securely recorded in the customer's name. By continuing this process each month, the customer gradually accumulates a total quantity of gold over the scheme period. At the end of the scheme, the customer can use the accumulated gold to purchase jewellery. If the selected ornament has making charges up to 15%, no making charges will be applied. If the making charges exceed 15%, the customer only needs to pay the extra percentage above 15%. Example: If making charges are 16%, the customer pays only 1%.
Plan Details
- Customer can begin with Rs.500 or above in multiples of 500 thereof for 11 months.
- For each payments, the equivalent weight of gold will be calculated based on the prevailing gold rate on the day of payment and credited to the customer's account.
- Amounts must be paid on or before the due date.
- No cash refund under any circumstances.
- Delayed payments will be converted at the gold rate on the actual payment date.
- Delays or missed instalments may affect scheme benefits and are subject to the jeweller's policy.
- The scheme is non-transferable and valid only for the registered customer.
- Stone charges and GST will be charged additionally.
- Gold coins included under this purchase scheme.
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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.