1. Lalitha Golden Flexi [LGF]
1.The monthly advance payment must be equal and Paid continously for 15 months
2.wastage and making charges(VA) up to 10% will not be charged in this scheme that is called 0% on maturity
3.This purchase plan will mature only after 30 days of the last 15th installment entry Date.The member will be eligible to purchase the jewellery with no wastage (VA) upto 10% in thos plan. However if the customer wishes to purchase Diamond/platinum/Silver articles then they will be eligible for the benefits as listed in the benefits table. Applicable stone charges will be charged.
4.This is purely and advance for jewellery purchase plan.No Refund of money is allowed under any circumstances, as per Government norms.
5.The 0% Discount on VA will apply only upon successfull completionof all the 15month installment payments.
6.The monthly subscription amount agreed to by the members must be Paid continously for 15 months without fail, Every month one installment has to be paid without fail(i.e.1st to 30th)The installment can neither be paid in advance nor can be carried over. The money paid as advance for purchase of jewellery under this scheme shall not bear any interest.
7.At the Time of joining the jewellery purchase plan, the member may appoint a NOMINEE by furnishing kyc of both self and nominee. payment of instalments beyond the stipulated period, or payment of more than one installment, will not be entertained. if member fails to pay installment continously, scheme will be discontinued without intimation.
8.payment of monthly installments can be made through cash/Upi-Net banking. cheques shall be drawn in favour of Lalitha jewellers.Incase of dishonour of cheques, actual bank charges(₹200 to ₹500 as the case may be) shall be borne by the member. member should ensure to collect receipt while making payments.
9.In case the member wishes to purchase over and above the accumulated weight Full VA is chargeable on excess weight.
10. In case of balance, if any, left out in the Jewellery Purchase Plan account after adjusting for the purchase item, various items shall be made available for the members to purchase. Balance money will not be refunded in cash.
11. Member has to bring the membership card every month while making payments. The original membership card has to be surrendered at the time of taking delivery of jewellery. The person, with ID proof, who has signed the application form, should sign on the Invoice and Jewellery Purchase Plan card at the time of purchase / taking delivery of jewellery.
12. In Case of change in address, loss of membership card, the company should be kept informed without any loss of time. The member has to apply in writing for issue of duplicate card enclosing KYC requirements.
13. The applicable GST has to be fully borne by the member. In case of increase in taxes or introduction of new levies / taxes, the same shall also be fully borne by the member.
14. The company reserves the right to alter, amend, add or delete part or whole of the privileges of the Jewellery Purchase Plan without prior notice or suspend the same at any time. In such an event, money will not be refunded and the member shall purchase any item at the showroom equal to the accumulated Amount in credit.
15. All disputes are subject to jurisdiction of the competent courts in Bangalore.
16. Iif the Monthly installment has been defaulted for more than 2 times in the tenure, the Jewel savings account will be deemed as discontinued and the benefits of the scheme will not be applicable.
17.This Scheme can be redeemed only at CBI main road, Rt Nagar branch Bangalore-560032
2. Lalitha 12months zer0% Gold jewellery purchase plan [A B C D E ]
1. The monthly installment must be paid for 12 months. The scheme matures 30 days after the last installment.
2. The installment cannot be carried over or paid in advance.
3. Advancement of maturity date is not permitted.
4 Defaulting members are entitled to pay wastage (va) making charges and GST as applicable
5. Special Jewelry / Ruby / Emerald / Cz, Stones Jewelry / Diamond Jewelry / Platinum Jewelry are not covered under the scheme but can be purchased by paying difference of wastage/ making charges as applicable.
6. If Gold Jewelry that is bought exceeds the amount accumulated in this scheme the difference amount and wastage(va) on the excess weight has to be paid.
7. GST Applicable
8 . No wastage or mc will be charged up to 10 % on the jewellery selected at maturity for the accumulated amount..
9. Payment is accepted through Cash/Cheques/DD /Pay Orders, favouring "LALITHA JEWELLERS"
10. In case of dishonored cheques , bank charges willbe levied and diference in Gold rate wil be charged.
11. lt is at the sold discretion of the company to Alter /Amend f Modlify / Add / Delete any of the terms and conditions from time to time.
12 All disputes are subject to Bangalore Jurisdiction.
13. Customer signatures should tally at the time of maturity purchase with the Applicant's Signature
14. The validity of this scheme is 24 months from the date of the last installment
15. Members paying their installments by post are requested to update their pass book as soon as possible.
16. Lost pass book will be replaced only after the member produces an affidavit and a payment of Rs. 50 the new (duplicate) passbook wil be issued only the nex tday
17. No cash refund will be made under any circumstances.
18. This scheme can be redeemed only at CBI main road, Rt Nagar branch, Bangalore -560032
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