Terms & Conditions

  1. In this Gold Eleven Saving Scheme, you can pay according to the 916-22ct gold rate on that day,credit in your account in terms of gold weight in 0.5gm, 1gm, 2gms, 4gms and 8gms.
  2. In this scheme, you can credit any weight(0.5 gram to 8 grams) of gold on any date of your choice in multiple times. you can fix maximum 8 grams in a month.
  3. Every month atleast once you have to fix your gold and pay for 11 months. After completing 30 days of 11th month instalment,you can collect your gold in the form of 916 gold jewellery upto 12% wastage only.
  4. Those who discontinued the scheme in between they will not be given benefit of wastage.Those who pays continuously for 11 months will be benefitted and therefore defaulting members would become eligible for the benefit after they have paid all the 11 months.In other words their eligibility would get postponed by the no.of months they have defaulted.
  5. After the Maturity period if the purchased Gold ornaments having different wastage and inseparable excess weight,Customer should pay the average wastage more than 12% for the excess gold weight and the gold price on that particular day with VAT.
  6. If the Customer purchase the gold ornaments less than the maturity weight.Then,the balance wastage value should not be adjustable or refundable.
  7. Cash will not be refunded on any circumstances.There will not be any interest for your money.You cannot purchase Diamond,Platinum,Silver and Gift articles in this scheme.
  8. Precious stones,pearl and coral for such type of ornaments you will be charged extra.As well as for special nagas ornaments making charges should be bare by the customer.
  9. At the time of joining the scheme,each member will be supplied with a passbook.Members should ensure that your payments are correctly entered in the passbook.Any discrepancy in the entries should immediately be brought to our notice and get rectified.
  10. 1% VAT will be borne by the Management,in case if the VAT increase more then 1%,it has to be borne by the customer.
  11. The Management has the right to take any decision on its own at any time without any prior notice.