Terms & Conditions

  1. No extra charges or registration fees.
  2. The duration of the scheme shall be 12 months.Customers can choose the installments in multiple of thousands,starting from minimum 1000.
  3. Payment of monthly installment shall be made by cash/cheque/card.Postdated cheques are not allowed.The scheme will be cancelled automatically in case of any cheque bounce.
  4. The lowest rate during the period of scheme shall be booked.
  5. Purchase of 24 carat gold coins and pure silver coins is not applicable under this scheme.
  6. Receipts are provided against each installment payment(both in cash/cheque)in preprinted form. Customers are advised to collect the proof of the installment remittance before leaving the counter.
  7. The scheme can be enrolled only by individuals.
  8. The date of first intsallment payment shall be considered as a fixed date for the payment of subsequent months' installments.In case of delay payment of installments,extension up to 4 days from the fixed date will be allowed twice.In case of non-payment within the stipulated period the scheme will be automatically cancelled and no further correspondence will be entertained.
  9. In case of redemption before maturity period,the customer can buy the jewellery up to the value of installments already paid and at the value on the redemption date.
  10. No rate fixation will be done if the customer fails to complete a minimum period of 12 months and 12 installments.
  11. On the maturity of Jewel bank scheme,the customer shall buy the jewellery within a month's time period.Also the customer shall be eligible to buy only the jewellery of the value of 12 month's installments on the lowest rate during the period of scheme.Additional amount cannot be added to the value of total installment.
  12. In the event of the death of the customer the advance is transferable to the nominee mentioned only on producing the death certificate of the original customer or holder of the scheme.The nominee or legal heir claiming the balance in any advance scheme shall avail only on submission of adequate proof of legal heir with identity proof along with the written request from the customer in this regard.
  13. The customer shall provide a self-attested copy or a true copy of his/her photo id proof such as Passport/Driving license PAN etc.at the time of enrolment.The same person in the card should come with original id proof while closing the scheme.
  14. Under no circumstances cash refund will be allowed under the scheme.
  15. No points will be added to your loyalty card for purchases done under jewel bank scheme.
  16. The sales tax and other applicable taxes at the time of sale of the ornament would need to be borne by you.
  17. All the terms and conditions provided herein are based on the legal provisions and are subject to changes in case there is any change in the applicable legal provisions.
  18. All disputes are subject to Baroda Jurisdiction.
YOU CAN FIND US AT

8, Alkapuri Society,
Concord Lane, RC Dutt Rd,
Alkapuri, Vadodara,
Gujarat 390007
Tel: 0265 350 5000