Prince Jewellers Gold Scheme

Save-n-gold Flexi Plan 

Prince Jewellery offers a Save-n-gold Flexi plan that offers an advanced gold purchase plan that ensures protection from gold rate fluctuations.The details about the plan are mentioned below: 

Scheme Overview: 

1. Under the scheme, zero V.A. is charged up to 18% on gold items. 

1. On diamond items, zero V.A. is charged up to 18%. 

1. The plan offers 25% discount on making charges and 10% discount per carat on diamond items. 

1. Offers 10% discount on MRP of Tia (Gift a diamond) and platinum. 

1. Offers 10% discount per carat on uncut diamond, ruby, and emerald. 

1. No V.A. is charged on gold coin of 22 carat. 

1. The customers will receive either weight-based or value-based benefits on maturity. 

1. The minimum amount that can be paid is a minimum of Rs.500. 

Terms and Conditions 

1. Payment can be made either by visiting the official website or via NEFT fund transfer. 

1. The advance payment cannot extend beyond 11 months. 

1. The balance amount is non-transferable. 

1. The monthly advance amount should be uniform and paid continuously for 11 months. 

1. Customers will become eligible to purchase gold jewellery including gold coin with wastage n completion of 11 months from the date of enrollment. 

1. The scheme offer cannot be clubbed with another scheme or offers. 

1. The monthly advance amount should be paid by the 10th of every month. 

1. The advance amount will not be eligible for any interest. 

1. The advance amount cannot be paid in advance or carried over. 

1. The advance receipt book should be carried every time while making the advance amount payment and should be surrendered at the time of purchasing jewellery. 

1. The customers can apply for a new advance receipt book with KYC detail, in case of change in address or loss of receipt book. 

1. Nominee can be appointed by the enrolled individual. 

1. Minors are eligible to become a nominee. 

1. The plan cannot be extended beyond the scheme period, and more than one advance payment cannot be made in a month. 

1. Advance payment can be made in cash, credit or debit card, UPI, NEFT, or cheques. Payment can be made either by visiting the Prince Jewellery showroom in India or by visiting the official website. 

1. The balance amount left after purchase will not be refunded and will only be adjusted with additional purchase of gold coin. 

1. Full V.A. value of jewellery purchased will have to be paid by the customers if they wish to withdraw within seven days of enrollment. 

1. A 60% of V.A. value of jewellery purchased will be waived off, if customers withdraw during the 8th, 9th, and 10th month of enrollment. 

1. The total advance amount paid will be refunded if jewellery is not purchased within 15 days of completion of 11 months. 

1. Making charges will be charged accordingly and V.A. will be charged on special jewellery, depending on the jewellery purchased. 

1. V.A. will be applicable for excess amount or weight which will be borne by the customers. 

1. GST (Goods and Services Tax) and other tax will be borne by the customers at the time of delivery. 

1. Any change in the terms and condition of the plan is at the sole discretion of the company. 

Prince Gold Plus Advance Purchase Plan 

The details about the Prince Gold Plus Advance Purchase Plan are mentioned below: 

Scheme Overview: 

1. Pay a fixed amount every month for 11 months. 

1. The minimum monthly installment is Rs.500 and should be deposited in multiples of Rs.500, Rs.1,000, and Rs.3000 (a maximum of Rs.8000).  

1. Upon completion of all 11 installments, you can purchase gold jewelry without any extra charges. 

1. 916 BIS Hallmarked gold jewellery can be purchased against booked order at prevailing gold rate at zero making charge and zero V.A. up to 15% (on upper limit or actual, whichever is lower). 

1. The order can be redeemed after 11 months (joining date plus 329 days). 

1. Payment can be made via the official website, NEFT fund transfer, or Prince Jewellery mobile app. 

1. Exceptions apply to certain design codes and special jewellery, such as uncut diamond, platinum, diamond, silver articles, ruby, emerald, ancient secret, silvery jewellery, exclusive, designer and special items.  

Terms and Conditions 

1. Monthly installments should be paid before the end of the month. 

1. It is mandatory to collect the receipt for the amount deposited. 

1. The receipt will be sent by courier in case the mode of payment is via cheque, PDS, NEFT or RTGS. 

1. No cash will be refunded, and customers can purchase gold jewellery or coin with the balance amount. 

1. The nominee or joint holder needs to produce authorised letter from the enrollment person to make the purchase in person. 

1. One or more plans can be clubbed together. 

1. One or more orders can be clubbed under this plan provided the order dates are the same. 

1. If an excess amount is paid, then it will be adjusted for upcoming months only. 

1. The design of the jewellery can be changed with alternate design either at the time of maturity or any time during the scheme period. 

1. Identity proof should be provided at the time of enrollment and during redemption along with the receipt. 

1. Stones in the jewellery is chargeable. 

1. GST is applicable on the jewellery. 

1. The plan can be redeemed only from the outlet where you have enrolled. 

Flexi 100 Purchase Plan 

The details about Prince Flexi 100 Purchase Plan are mentioned below: 

Scheme overview: 

1. No V.A. (wastage) up to 18% for gold items. 

1. Offers one month’s free installment for diamond (no MRP), Tia (daily wear from Prince- MRP), uncut diamond, Platinum, Ruby and Emerald. 

1. Monthly advance contributed should be uniform and paid continuously for eleven months. 

1. The minimum amount of contribution is Rs.1000. 

1. The advance payment should not exceed eleven months and is non-transferable under any circumstances. 

1. Jewellery can be purchased without V.A. up to 18% under the Prince Flexi 100 Purchase Plan after completing 11 months from the date of enrollment. 

Terms and Conditions 

1. This plan cannot be clubbed with another offer or plan. 

1. The advance amount will not be eligible for any interest. 

1. The advance amount should be paid by the 10th of every month, and it cannot be paid in advance or carried over to next month. 

1. Advance receipt book should be carried every month while paying the advance amount. 

1. The Advance receipt book should be surrendered at the time of purchase of jewellery. 

1. Customers must apply for a new advance receipt book with KYC details in case of change in address and loss of receipt book. 

1. Nominees can be appointed, and customers need to submit KYC details for both self and nominee. 

1. More than one advance payment can be made in a month. 

1. Advance payment can be made in cash, credit or debit card, UPI, NEFT, or cheques. Payment can be made either by visiting the Prince Jewellery showroom in India or by visiting the official website. 

1. The balance amount left after purchase will not be refunded and will only be adjusted with additional purchase of gold coin. 

1. Full V.A. value of jewellery purchased will have to be paid by the customers if they wish to withdraw within seven days of enrollment. 

1. If customers withdraw during the 8th, 9th, and 10th month of enrollment, then 60% of V.A. value of jewellery purchased will be waived off. 

1. If jewellery is not purchased within 15 days of completion of 11 months, then the total advance amount paid will be refunded. 

1. Depending on the jewellery purchased, making charges will be charged accordingly and V.A. will be charged on special jewellery. 

1. V.A. will be applicable for excess amount or weight which will be borne by the customers. 

1. GST (Goods and Services Tax) and other tax will be borne by the customers at the time of delivery. 

1. Any change in the terms and condition of the plan is at the sole discretion of the company.