New year 2017 jewel plus

(Gold Purchase Advance Plan [I])

No more dreams, only reality without pulling your available funds. Just spare a fixed sum affordable to you every month and advance the same for your future generation to buy jewellery from Trust Worthy “PRINCE JEWELLERY”. At present gold has become a very important partner in the day-to-day life to raise one’s status. To fetch them you should have money power. It is very difficult to buy them at once. Hence with our “PrinceJewelplus” you can fetch them without any difficulty, after 11 months with your advance payments...

Prince Jewel plus, the member has to make advance payments for 11month with a minimum of Rs.1000/and, in multiples of Rs.500/, with a fixed monthly advance payment. The advance payment cannot be extended for more than 11 months. 11th monthly advance payment should be completed within 11 months from the date of the first advance payment without fail. This should be strictly adhered to, and nobody can supersede this. After completion of 11 monthly advance payments, within stipulated time, you are eligible for a purchase, No additional charges except for some design codes *.

*Design code : LQ,LR,LS,LT,KN,KO,KP,KQ,KR,KS,KT,KW,KX,KY,KZ,MA,MB,MC,MH,MI

KOSome designs: Diamond, Platinum, and Uncut Diamonds, Ethnic and Vintage jewellery, Oddiyanam / Vanki, Pooja items and other Special items.  

How do I pay?

The monthly advance payments can be remitted by you before 10th of every month by cash in any one of our showrooms.  We also accept Demand Draft’s Local Cheques on all days in a week. The amount can be paid by cash, at par cheques, demand drafts, Debit cards and/ Credit cards, Bank service charges will be collected on actual for credit cards. You can also have an option to use the automatic electronic system ECS for payment of instalments and you can avoid your monthly visit to the showroom just for the purpose of remitting monthly advance payments. We accept post-dated cheques favouring ‘PRINCE GOLD AND DIAMONDS INDIA PRIVATE LIMITED’ for the entire period for your convenience. Online payment and NEFT payment can also be made and the receipt will be sent through mobile text or E-mail. The details of these facilities will be furnished to you at the time of opening of the account and on your request. You can also close your account in anyone of our showrooms.

What if I don’t pay continuously?

The advance payment cannot be extended beyond the 11th month’s period. The plan will be discontinued as per terms mentioned above in the event of any default in the monthly advance payments. Hence it is requested to the member to pay the advance payments continuously without fail. In the event of the member nor making any one advance payment during the tenure, the plan will be discontinued automatically from that month, and will not be entitled for NO Additional charges as per terms mentioned above.

Will there be VAT?

Yes, VAT and any other Government levies will be borne by member at the time of redemption.

What if I buy Jewellery exceeding my advance payment?

Additional charges as applicable will be charged on the excess amount. E.g. if you choose Rs.4000/- as your monthly advance payment, the advance amount accumulated over the 11 month period will be Rs.44000/-.if the selected jewelry item’s value is Rs.98500/- the member is eligible for No Additional Charges on Rs.44000/- only and Additional Charges as applicable will be payable on the balance amount of Rs.54500/-.

Will Additional Charges be charged on some design code?

Yes, additional charges will be charged on *Design code.

*Design code : LQ,LR,LS,LT,KN,KO,KP,KQ,KR,KS,KT,KW,KX,KY,KZ,MA,MB,MC,MH,MI

KOSome designs: Diamond, Platinum, Uncut Diamonds, Ethnic and Vintage jewellery, Oddiyanam / Vanki, Pooja items and other Special items.  

Is my monthly advance payment amount fixed?

Yes, your monthly advance payment amount is fixed. The first monthly advance payment should be the same till the last month advance payment.

Will cash be refunded?

Cash will not be refunded under any circumstances, as per Government regulations.

*Please refer to the terms & Conditions in the passbook and application Form. *Conditions apply.

TERMS AND CONDITIONS

1. PRINCE JEWEL PLUS is for a period of 11months with a fixed minimum advance payment with a minimum of Rs.1000/-in multiples of Rs500/-and with a maximum monthly advance payment Rs.5000/-

2.The monthly advance payments will be accepted at any of the prince jewellery showrooms and the member is also entitled to redeem at any of the prince jewellery showrooms.

3. The monthly advance payment should be paid before 10th of every month. The advance payments cannot be carried over or paid in advance. Advancement of the maturity date is not permitted.

4. The monthly advance payments can be remitted by you before 10th of every month by cash in any one of our showrooms. We also accept DD’s/ Local Cheques on all days in a week. The amount can be paid by cash, at par cheques, demand drafts, Debit cards and/ Credit cards, Bank service charges will be collected on actual for credit cards. You can also have an option to use the automatic electronic system ECS for payment of instalments and you can avoid your monthly visit to the showroom just for the purpose of remitting monthly advance payments. We accept post-dated cheques favouring ‘PRINCE GOLD AND DIAMONDS INDIA PRIVATE LIMITED’ for the entire period for your convenience. Online payment and NEFT payment can also be made and the receipt will be sent through mobile text or E-mail. The details of these facilities will be furnished to you at the time of opening of the account and on your request. You can also close your account in anyone of our showrooms.

5. Default in advance payments will not be extended beyond 11 months from the date of first advance payment.

6. The members are entitled to redeem the accumulated advance amount, and purchase Jewellery with NoAdditional Charges expect for some design like Design codes*.

Design code : LQ,LR,LS,LT,KN,KO,KP,KQ,KR,KS,KT,KW,KX,KY,KZ,MA,MB,MC,MH,MI.

Some designs: Diamond, Platinum, Uncut Diamonds, Ethnic and Vintage jewellery, Oddiyanam / Vanki, Pooja items and other Special items.

7. The gold rate as announced by the jewellers & Diamond Merchants Associations for selling 22kt gold, (916 gold rates).

8. Cash will not be refunded under any circumstances.

9. Additional charges will be charged on the excess amount. E.g. if you choose Rs.4000/- as your monthly advance payment, the advance amount accumulated over the 11 month period will be Rs.44000/-.if the selected jewellery item’s value is Rs.98500/- the member is eligible for No Additional Charges on Rs.44000/- only and Additional Charges as applicable will be payable on the balance amount of Rs.54500/-.

10. It is the sole discretion of the company to alter, amend, modify, add or delete any terms and conditions from time to time.

11. The original member ship card has to be surrendered at the time of purchasing Jewellery, and the person, who has signed the scheme application form, should sign in the invoice at the time of purchase. In case the person, who has signed in the application is unable to come personally for making purchase, a letter authorizing another person making the purchase, and signing the invoice, with identity proof is required. There cannot be any deviation in this aspect. The member can also nominate a person at the time of opening of account itself, to receive the maturity proceeds in case of emergency.

12. Please produce a copy of the pan card at the time of purchase.

13. VAT will be borne by the customer at the time of redemption. In case of any change in the policy of Government regarding taxation, the same shall be fully borne by the customer/member.

14. This scheme is unique and will not be linked to any other, existing or future scheme\offers.

15. All disputes are subject to the jurisdiction of the competent courts in Chennai.

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