Every monthly instalment is
Each instalment becomes booked gold on the day you pay, so the customer can see exactly what is protected through the scheme.
How does it work?
A clearer journey from enrolment to redemption.
Choose a fixed monthly instalment
Select the amount you want to pay every month. The minimum is ₹5,000 and the maximum is ₹1,00,000.
Gold Scheme Calculator
Today's Gold rate (24kt): ₹15626.00
After 10 successful instalments, this becomes eligible for redemption in the 12th month. Estimate shown for 22KT jewellery.
FAQs
1. What is Golden Habit?
Golden Habit is a 10-month gold accumulation scheme where every monthly instalment is instantly converted into 22KT gold at the prevailing rate on the date of payment.
2. Is GST included in the instalment amount?
No. GST and applicable government taxes are charged separately at the time of jewellery purchase.
3. When can I redeem the scheme?
The scheme can be redeemed in the 12th month, after completion of the scheme tenure.
4. Can I buy jewellery worth more than my accumulated gold?
Yes. Making charge benefits apply only to the gold accumulated under the scheme. Any excess gold quantity or value will be billed at standard making charges.
5. Can I redeem the scheme against gold coins or bullion?
No. Golden Habit can be redeemed only against jewellery purchases: gold, diamond, polki, kundan, and similar jewellery categories.
6. What happens if I miss an instalment?
If an instalment is not paid within the 7-day grace period, the scheme will be automatically cancelled, and only the instalment amount will be refunded.
7. Can I change my monthly instalment amount?
No. The monthly instalment amount is fixed at the time of enrolment and cannot be changed during the scheme tenure.
8. Can I run more than one Golden Habit scheme at the same time?
Yes. Customers are allowed to participate in multiple Golden Habit schemes simultaneously.
9. Can Golden Habit be combined with other offers or schemes?
No. No other scheme, offer, or discount can be combined with Golden Habit.
10. Is this scheme an investment or does it guarantee returns?
No. Golden Habit is a jewellery purchase scheme, not an investment product. Gold prices fluctuate, and future prices or returns cannot be predicted or guaranteed.
Terms and Conditions
- Golden Habit is a 10-month gold accumulation jewellery purchase scheme offered by the company.
- The scheme becomes eligible for redemption only in the 12th month from the date of enrolment.
- The minimum monthly instalment amount is ₹5,000 and the maximum monthly instalment amount is ₹1,00,000.
- The monthly instalment amount must be selected at the time of enrolment and cannot be changed during the scheme tenure.
- Only one instalment per month is permitted under the scheme.
- Instalments must be paid for 10 consecutive months without a break.
- Each monthly instalment is instantly converted into 22KT gold at the prevailing showroom gold rate on the date of payment.
- Gold accumulated under the scheme is maintained only in records, and no physical gold shall be issued during the scheme period.
- Gold once credited under the scheme is not affected by future price fluctuations.
- The scheme can be redeemed only against jewellery purchases.
- Jewellery may be purchased in 22KT, 18KT, or 14KT gold, as per customer choice.
- Redemption against gold coins, bullion, or bars is strictly not permitted.
- The accumulated gold under the scheme is maintained in 22KT purity.
- If jewellery is selected in 18KT gold, the accumulated 22KT gold shall be converted as: accumulated 22KT gold in grams × (22 ÷ 18).
- If jewellery is selected in 14KT gold, the accumulated 22KT gold shall be converted as: accumulated 22KT gold in grams × (22 ÷ 14).
- The converted gold quantity shall be considered final for billing and redemption purposes.
- Any jewellery weight or value exceeding the accumulated or converted gold quantity shall be billed separately at prevailing rates.
- On successful completion of the scheme, customers are eligible for 5-25% off on making charges of gold jewellery and 10-50% off on making charges of diamond jewellery.
- Making charge benefits apply only on the gold quantity accumulated under the scheme or its converted equivalent.
- Making charge benefits do not apply on stones, diamond value, taxes, or any additional charges.
- GST and all applicable government taxes shall be charged over and above the instalment amounts at the time of jewellery purchase.
- Golden Habit scheme cannot be combined with any other scheme, offer, discount, or promotion.
- Customers are allowed to run multiple Golden Habit schemes simultaneously.
- Scheme benefits are non-transferable and can be redeemed only by the enrolled customer.
- A 7-day grace period is allowed from the due date of each monthly instalment.
- If an instalment is not received within the grace period, the scheme shall be automatically cancelled without further notice.
- Gold prices fluctuate daily and future gold rates cannot be predicted or guaranteed. Actual gold accumulation and value will depend on the gold rate applicable on the date of each instalment payment.
- Upon cancellation of the scheme:
- Only the total instalment amount paid shall be refunded.
- Gold prices at the time of cancellation shall not be considered.
- No making charge benefits or scheme benefits shall apply.
- A refund shall be processed to the customer's registered bank account within 7 working days.
- In the event of any early closure allowed by the company, no scheme benefits shall apply, and a refund shall be processed strictly as per the cancellation policy.
- Golden Habit is a jewellery purchase scheme and not an investment or deposit product.
- No interest or assured returns are payable under the scheme.
- Gold prices fluctuate and future gold rates cannot be predicted or guaranteed.
- The company reserves the right to amend, modify, suspend, or withdraw the scheme or its terms at any time without prior notice.
- All disputes, if any, shall be subject to local jurisdiction only.
- The company's decision in all matters relating to the scheme shall be final and binding.
- Making charges applicable on the gold rate at the date of scheme redemption.
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