1. Each member shall pay Rs. 1000,Rs.2000, Rs. 3000, Rs. 5000, Rs.10.000 and Rs. 50.000/- every month on or before 10th of the current month either by way of cash or by way of DD /NEFT. Amount through cheque shall be payable on or before 5 th of each month. Every person shall submit their ID Proof/Aadar Card/ Pan Card etc at the time of becoming member.

  2. The monthly advance payments can be remitted by a member before 10th of every month by cash in any one of our showrooms. We also accept DD's/ Local Cheques Debit cards and /Credit cards. We accept post-dated cheques favouring 'SHREE SAI GOLD PALACE' 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. 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.

  3. At the time of joining the scheme, each member will be provided with a pass book. Member should ensure that all payments made by them are correctly entered in the pass book. Any discrepancy in entries should be immediately brought to our notice and have them rectified.

  4. In the event of loss of passbook, the same shall be informed by the member to the management within 10 day from the day of loss and shall obtain a duplicate passbook from the management on payment of Rs. 100/-.

  5. Membership amount gets matured only at the end of the 13th month from the date of commencement month. Membership is non-transferable and nominees can be appointed.

  6. This scheme transaction will not be carried one week prior to AKSHYA TRITIYA DAY and on the said day also.

  7. Your monthly advance payment amount is fixed. The first monthly advance payment shall be the same till the last month advance payment.

  8. If the member fails to pay instalment continuously for a period of 3 months then such member will lose their membership. Such member is not entitled to claim the amount already paid, however the Gold credited to their account can be adjusted in their purchases. These members are not entitled to any kind of benefits under this scheme.

  9. In the event of dishonour of cheques, such member shall pay the instalment amount in cash along with Rs. 250/- towards bouncing charges of cheque within 7 days from the date of intimation to them from the management. On failure to pay, members are not entitled to any benefits and shall purchase the golden jewellerys only at the end of 13 th month.

  10. Cash will not be refunded under any circumstance.

  11. In respect of member who discontinue in the middle of the period would be allowed to purchase a gold jewellery for the paid up amount only.No benefits will be eligible for the accrued amount.

  12. This scheme is unique and will not be linked to any other existing or future scheme/offers.

  13. All disputes are subject to the jurisdiction of the competent civil courts @Bangalore.

  14. At the time of closing, GST and other prevailing Government rules and levies on the date of purchase will be applicable.

  15. The members are entitled to redeem the accumulated advance amount by purchasing the golden jewellery with No Additional Charges Except for some designs like Diamond, Platinum, Uncut Diamonds, Oddyanam/ Vanki/nakas jewellerysimha kada, jomala Gundu chain Pooja items and other Special items.

  16. Shree sai gold palace reserves the right to discontinue Gold Purchase Advance Plan at any time. In such an event of termination, the member can purchase golden ornaments for the amount accumulated till the date.

  17. The duration of the scheme payment shall be Twelve months only.

  18. The Gold rate will be calculated and accordingly the actual weight of gold (22 Ct Gold 916) to the ratio of monthly amount paid by the member will be calculated and the said weight of Gold will be credited to their account instead of cash. If the payment is by way of cheque, then with in five days from clearing date of the cheque, the same will be considered for calculating the weight of gold which is to be credited.

  19. Members are entitled to purchase Gold coins against the maturity amount by paying the difference in the Gold rate compared to their credited Gold Rate.

  20. The Terms & Conditions may change subject to the position of law and the decision of the management is final.

  21. The management of Shree sai gold palace Group will have sole discretion to update the features and terms of this scheme, if needed.

  22. This scheme is subject to income tax laws and warrants furnishing of PAN/TDS etc. in applicable cases.

  23. Member shall surrender his/her pass book to the management to avail benefits at the end of the scheme along with ID Proof.