The Swarna Nidhi Scheme by Sahayta Jewellers Limited allows customers to purchase jewellery through monthly installment payments, with benefits on making charges and discounts as per the terms and conditions outlined below.
2. Enrollment & Payment Structure
Customers can choose between two monthly payment plans:
11-month plan: Minimum payment of Rs. 500/- up to Rs. 1,00,000/- or more.
24-month plan: Minimum payment of Rs. 500/- up to Rs. 1,00,000/- or more.
Once the monthly amount is selected during enrollment, it cannot be changed. The same amount must be paid every month for the chosen plan.
Payments should be made within 15 days from the due date each month.
If a payment is missed, customers may combine it with a future payment, but this will be considered a missed monthly payment.
Each monthly payment will be reserved as 18-karat gold equivalent, based on the prevailing gold rate on the payment date, for future jewellery purchases.
3. Purchase & Redemption Conditions
The jewellery showroom will maintain a record of the reserved gold quantity under this scheme.
Customers who exit the scheme before completing 6 months (for 11-month plans) or 11 months (for 24-month plans) can purchase jewellery worth their accumulated amount but will not be eligible for any discounts.
No cash refunds are allowed under any circumstances.
Special discounts under this scheme apply only to jewellery purchases and do not apply to gold coins, gold bars, gift vouchers, silver coins, etc.
Discounts cannot be combined with any other offer or scheme and are non-transferable.
This scheme cannot be redeemed for advance bookings or custom orders.
The scheme is applicable only in physical stores across India and cannot be redeemed on the Sahayta Jewellers website.
4. Eligibility & Documentation
Only Indian citizens who have attained the age of majority (18 years and above) are eligible.
NRIs, companies, firms, trusts, and HUFs are not eligible to participate.
Customers must complete an enrollment form and submit necessary documents. PAN card and bank account details are mandatory for monthly payments above Rs. 17,000/-.
Customers must sign the enrollment form (physically or electronically). Making the first payment confirms agreement to the terms and conditionss.
5. Payment Methods & Responsibilities
Payments can be made via cash, UPI, credit/debit cards, NEFT/RTGS.
Payments through the Help Exchange Program or international cards/transactions are not accepted.
Customers can make payments at any Sahayta Jewellers store or through accepted digital modes.
Sahayta Jewellers is not responsible for online payment failures or amounts deducted from a customer’s account. Customers must contact their bank or service provider for such issues.
No reminders or calls will be made by Sahayta Jewellers for pending payments.
6. Verification & Nomination Policy
Sahayta Jewellers reserves the right to verify customer identity through SMS, OTP, or other means at the time of enrollment, purchase, or delivery.
Customers can nominate a legal heir by submitting relevant documents.
In case of a customer’s death, if no nominee is assigned, Sahayta Jewellers may transfer the benefits to the legal heirs, subject to document verification.
7. Scheme Limitations & Legal Considerations
This scheme is exclusively for jewellery purchases and is not an investment scheme.
Making charges, material/GST, surcharges, gold/gem duties, and other applicable charges will be levied on all purchases.
Sahayta Jewellers reserves the right to suspend, modify, or discontinue the scheme at any time.
In case of legal or regulatory changes, Sahayta Jewellers may modify or terminate the scheme accordingly.
Any disputes arising from this scheme will fall under the jurisdiction of Varanasi courts.
Terms not explicitly mentioned here will be at the sole discretion of Sahayta Jewellers Limited at the time of transaction, and their decision will be final and binding.
