Terms And Conditions

  1. 1. Name of the scheme: Saraswathi Shree
  2. 2. Members can enroll for any deposit scheme starting with a minimum monthly installment of Rs. 1000/- or more (in the multiples of 1000/-) for a period of 12 months.
  3. 3. There is no fixed enrolment date. A customer can become a member on any day he/she desires.
  4. 4. Any existing member can enroll in multiple schemes.
  5. 5. Customer KYC is must to avail the scheme membership.
  6. 6. Monthly Installments should be paid on or before 10th of every month.
  7. 7. Criteria for earning the discounts are applicable to members who will pay all their monthly installments in time without defaulting on any month.
  8. 8. Payment can be made either in cash or cheque at our store or even by any online payment options available with the members.
  9. 9. At the time of redemption, the membership card has to be surrendered or it will be deemed to be cancelled once the redemption is done.
  10. 10. Receipts will be issued for every deposit. The same shall also reflect in the membership card.
  11. 11. Any discrepancies in the card entries or the receipts should be bought to management’s notice within 7 days of entry.
  12. 12. In case of any default/delay in the payments will further postpone the redemption date accordingly to the delayed period.
  13. 13. However, in case to discontinuation of the scheme in between, by any member, the redemption of only the invested amount, into silver Jewellery. will be possible and that too only after the scheme period gets over. Any rewards or discounts shall not be applicable to schemes stopped in between by the member.
  14. 14. The maturity date (redemption date) shall be from 30 days of the date of last successful installment/deposit.
  15. 15. The monthly investment schemes are valid only for Jewellery purchase (gold & Silver) and not for any cash, refund, coins, ingots or bullion.
  16. 16. Making charges on the Jewellery will be applicable depending upon the Jewellery selected for purchase.
  17. 17. Making charges will differ from jewellery to jewellery.
  18. 18. Delivery of Jewellery is subject to government taxes.
  19. 19. You must compulsorily close “Saraswathi Shree” scheme within 390 days from the date of opening your account.
  20. 20. All disputes are subject to Karnataka State Jurisdiction.
  21. 21. The scheme cannot be clubbed with any other schemes run by our company.
  22. 22. INR 50 for any new referral shall be applicable only after 5 successful installments by the referred member.
  23. 23. Management has all the rights to accept/reject any application without any application without any reason.
  24. 24. In case of any dispute during redemption, managements decision will be final.