GLIMMER PRIME
With Glimmer Prime, you save for 10 months and we pay the 11th installment for you. It is a straightforward monthly gold saving scheme where your commitment is matched with a genuine contribution from our end — no conditions, no gimmicks.
By joining this bonus purchase plan, customer can own gold by paying only 50% of the making charges. The plan has a duration of 11 months, where the customer pays fixed amount for 10 months, and the jewellery cover the final month's Payment as a bonus.
Plan Details
- Customer can begin with Rs.500 or above in multiples of 500 thereof for 10 months.
- At the completion of the scheme, the total paid amount. Plus the bonus, can be used to purchase jewellery with a discount on making charges.
- A 50% discount on making charges is available only on 22K jewellery.
- The amount must be paid on or before the due date.
- Missing multiple payments may result in forfeiture of scheme benefits; however, the amount already paid will remain available for jewellery purchase under the scheme, as per terms.
- No cash refund under any circumstances
- All benefits, including bonus payments and 50% discount on making charges (VA), are applicable only upon successful completion of the scheme in full.
- The applicable gold rate will be the rate prevailing on the date of purchase.
- Stone charges and GST will be applicable additionally as per the selected jewellery.
- Gold coins are not included under this scheme.
- The bonus payments will be credited only upon successful completion of the 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.