DhanaVarsha Jewellery Purchase Plan

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Buy Your Favourite Gold
Jewellery in 11 Months

(Always Beneficial to you, whether the Gold Price Rises or Drops)

This enables you to buy gold and diamond jewelry in advance for weddings and auspicious occasions through the DhanaVarsha Jewellery Purchase Plan. Join this plan now and purchase your favourite designs in 11 months from the date of enrolment.

Category	V.A Charges	Making Charges	Discount Per Carat	Stone Charges + GST
Gold Jewellery	‘0’ Zero V.A Charges	Zero Making Charges	–	Applicable
Diamond Jewellery	50% Off on VA Charges	–	10%	Applicable
Silver Articles	–	Zero Making Charges	–	Applicable
Silver Articles Antique	–	50% Off On Making Charges	–	Applicable

How DhanaVarsha Jewellery Purchase Plan Works

Please take a look at the table below - (For Illustrative Purpose Only)

Month	Monthly Advance Amount (Rs.)	Gold Rate (Per Gram)	Accumulated Weight (In Grams)
1.	10000	5600	1.78
2.	10000	5650	1.77
3.	10000	5630	1.78
4.	10000	5450	1.83
5.	10000	5590	1.78
6.	10000	5560	1.79
7.	10000	5400	1.85
8.	10000	5700	1.75
9.	10000	5850	1.70
10.	10000	5940	1.68
11.	10000	5950	1.68
Total	Accumulated Weight	(In Grams) –	19.390

👌🏼 Gold Jewellery Purchased In Jewellery Purchase Plan – 19.390 Grams – 1,13,300/-

👌🏼Gold Jewellery Purchased Without Jewellery Purchase Plan – 19.390 Grams – 1,38,500/-

On successful completion of 11 months (330 days), Nandi Jewellers allows you to buy Gold Or Silver Ornaments immediately with 100% discount in value addition and making charges (V.A.). Detailed Benefits Description Given in Table Above. The Gold Rate is booked according to the applicable rate on the day of every instalment paid, providing you absolute protection from gold price fluctuations during the entire scheme period.

Manage Your Jewellery Purchase Plan through our App

Download the Nandi Jewellers App from “Google Play Store” or the “App Store”

Create an account or log in with the Mobile Number used during enrolment into the Jewellery Purchase Plan.

Enrol into a New Jewellery Purchase Plan:

Step 1: Select Installment Amount

Step 2: Complete Profile and KYC

Step 3: Make Regular Payment of Monthly Installment

Step 4: Special Benefit can be claimed at the end of 12 Months

Step 5: Visit Showroom, select your Desired Jewelry, and Redeem DhanaVarsha Gold Jewellery Purchase Plan against Jewellery.

Pay your monthly instalment for the existing plan online:

Step 1: Scroll down to see the Schemes you have already enrolled in

Step 2: Tap on the Scheme and Make Payment

Frequently Asked Questions (FAQs)

How do I pay the monthly advance payment?

The monthly advance (instalment) against purchase of jewellery must be paid within the 10th of every month. Advance against purchase of jewellery can be made through Cash, Credit/Debit cards and UPI transfers. Online payments can be made by downloading the Nandi Jewellers Mobile App from Google Play Store or App Store.

Will there be GST?

Yes, GST and any other government levies will be borne by you at the time of billing.

What if I discontinue?

If you discontinue before the completion of the term, you will not be eligible for Discount on Wastage (VA). You will pay the applicable wastage (VA) on the accumulated gold weight on the basis of the prevailing gold rate.

What if I do not pay continuously?

You will be eligible for No Wastage (VA) on purchase only after you have paid all advance payments continuously. If there is any default in the monthly advance payment, the plan will be discontinued.

When can I purchase jewellery in this plan?

You can purchase gold jewellery from the 11th month of
enrolment, however, before 345 days from the date of
enrolment. The advance amount shall be refunded if the purchase is not made within 345 days from the date of enrolment.

What if I purchase jewellery exceeding the accumulated gold weight?

If you purchase jewellery in excess of the accumulated gold weight, the wastage (VA) as applicable will be borne by you for the excess weight.

Can I purchase gold coins?

Absolutely. You can purchase gold coins but the wastage (VA) and making charges will be applicable.

Will cash be refunded?

Cash will not be refunded under any circumstance, as per Government regulations.

How do I know the weight of gold accumulated?

The accumulated gold weight will be updated in your passbook and online/mobile app on a monthly basis while making the advance payment.

Can all the monthly payments be paid in advance?

The Monthly payment cannot be carried over, or paid in advance.

Can the member purchase special items like Diamond Jewellery and Antique Silver Items?

Yes, the members can purchase special items, with wastage (VA) and making charges as applicable.

What will happen after the completion of the plan period?

On completion of eleven months from the date of enrolment, you will be eligible to buy gold jewellery of your choice without VA (Value Addition) or Making Charges restricted to the accumulated gold weight.

Is the monthly advance amount fixed or variable?

The monthly advance payment amount is fixed.

Can this plan be clubbed with other offers?

No, this Flexi plan is unique and cannot be linked to any other existing schemes/offers.

Will Wastage (VA) be charged on special items?

Yes, wastage (VA) will be charged on special items like Ethnic Jewellery, Vintage Jewellery, Pooja items, Silver Articles & Antique Silver items and other special items not included in this list. Precious stones / semi-precious stones / Zircon / Birthstones and other stone charges will be applicable. If a member wishes to purchase any of the above mentioned, they may contact showroom.

Terms and Conditions

1. The DhanaVarsha Jewellery Purchase Plan (hereinafter “JPP”) offered by Nandi Jewellers facilitates customers to purchase jewelry from the showroom of Nandi Jewellers on the terms and conditions contained herein.

2. The Jewellery Purchase Plan is a benefit based Jewellery Purchase Plan. Under the Jewellery Purchase Plan, the customer will be able to purchase his/her Desired Gold Jewellery for “Zero VA Charges of the Total JPP Amount (Accumulated Gold Weight) Paid at the end of the maturity Period or he/she will be able to purchase his/her Desired Diamond Jewellery for “50% of the Applicable VA Charges” of the Total JPP Amount Paid at the end of the maturity Period.

3.The customer will have to pay 11 Monthly Installments and can buy Jewellery on the immediate day of the last instalment.

4. The customer must pay a fixed monthly installment of a minimum of Rs.1000 and above (in multiples of Rs. 1000) up to a maximum of Rs,1,00,000/- for 11 months. During this period the customer has to pay one installment every month.

5. The weight of 22KT Gold will be booked according to the prevailing store rate on the date of installment payment.

6. For this Jewellery Purchase Plan, the date of payment of first installment shall be deemed as the Enrolment Date.

7. This is a Jewellery Purchase Plan. Cash will not be refunded in any circumstances as per Govt. Regulations; but if there are any Refunds under the Jewellery Purchase Plan, (which will be decided at the discretion of and by the management only), will be made by way of cheque in the name of the account holder as specified in the Enrolment Form or by online transfer to the bank account as specified in the Enrolment Form, and no cash refund shall be allowed.

8. Payment of monthly installment(s) may be made by cash, credit / debit cards, UPI Transfers in favor of “Nandi Jewellers”. International cards for online payment will not be accepted. Nandi Jewellers shall not be responsible for any online payment failure and money being debited from the Customer’s account. Customers are requested to check with their banks or other service providers for such payment failures. It is the responsibility of the account holder to enter all the details correctly.

9. Enrolment in the DhanaVarsha Jewellery Purchase Plan by a customer would signify the placement of an Order for Jewellery by the Customer. The Instalment paid by the Customer would be considered as an Advance Payment against the Order.

10. Only individuals can enroll in to the Jewellery Purchase Plan and enrolment is not permissible for other entities like companies, partnership firms or proprietorship concerns or Trusts or Hindu Undivided Family (HUF) or NRI Customers. Minors may enroll only through their natural guardians.

11.The benefits of the Jewellery Purchase Plan can only be availed after payment of the 11th instalment. Customer has to mandatorily close the account within 345 days from the date of enrolment into the DhanaVarsha Jewellery Purchase Plan.

12. If the customer discontinues his Jewellery Purchase Plan or closes his account in the Purchase Plan prematurely, he/she will not be eligible to the “Special Benefits of Zero VA Charges On Gold Jewellery and 50% VA Off On Diamond Jewellery” purchase.

13. Customer will have to make the payment of the installment on the Due Date. For the purpose of this Jewellery Purchase Plan, the Due Date shall be same date as the Enrolment Date for the subsequent months. However, the Customer shall be provided with a grace period of 15 (Fifteen) days in a month for payment of the installment. In the event the Customer fails to pay the installment within the grace period, he/she will not be eligible to the “Special VA Discount” on purchase.

14. In case the Customer does not redeem within 1 month from the maturity date, he/she will be provided with refund or a voucher of amount aggregating all the installments paid by the Customer until the date of the voucher. A discount voucher for the applicable discount amount will be provided which can be utilized only to purchase jewellery from the Company of a value that is equal to or greater than the full value of installments paid.

15. The final product invoice value should be equal to or in excess of purchase eligibility amount.

16. Pure/Raw Gold and Silver or 22 Ct Gold Coins cannot be purchased by using the benefits of this Jewellery Purchase Plan.

17. Wastage and Making Charges (VA Charges) that are in excess to Special VA Benefits applicable along with the Maturity Amount paid by the customer will be charged and have to be borne by the customer. Precious/Semi Precious and other stone charges will be applicable. GST and any other government levies applicable will be borne by the customer.

18. The Jewellery Purchase Plan is not transferable.

19. At the time of enrolment, you will be supplied with a DhanaVarsha Jewellery Purchase Plan Membership Passbook which you are required to keep under safe custody. Please check that all payments made are correctly entered in the Passbook. You are requested to kindly update your Passbook on a regular basis by visiting the Nandi Jewellers store. Any discrepancy should be immediately brought to the notice of the store manager.

20. The Customer is required to provide a copy of his/her photo identity and address proof documents like Driving License/Voter ID/ Passport /Ration Card/PAN Card/any other document issued by the Government, bank account details, etc. at the time of enrolment. In case of any change in contact or address details or any other details that the Customer may have furnished, the Customer shall immediately update to the company effecting the changes.

21. The original membership card has to be surrendered at the time of purchasing jewellery (redemption of card), and the person who has signed the application form, should sign the invoice at the time of purchase..

22. This Jewellery Purchase Plan is unique and will not be linked to any other, existing or future Jewellery Purchase Plans / offers running at the store.

23. Nandi Jewellers reserves right to verify the identity of the Customer by means of SMS and/or OTP generation or by any other means at any time including at the time of enrolment and at the time of concluding the purchase and taking the delivery of the jewellery. Nandi Jewellers also reserves the right to verify the authenticity of the documents provided by the Customer.

24. Amount of deposit of Rs. 2 Lakhs and above shall be accepted by way of electronic fund transfer to the designated account of the Company.

25. The Company or the Nandi Jewellers will not be responsible or liable to send reminders for payments.

26. At the time of purchase of jewellery, the account holder has to personally come and should produce a valid photo identity proof and PAN Card. The Company reserves the right to satisfy the identity of the Customer in any manner it deems fit.

27. The customer will have to purchase the jewellery for the total installment amount paid and partial purchase is not allowed.

28. In case, the customer does not purchase Jewellery even after the completion of the term, the company may decide to refund the principal amount without any benefits directly to the customer at the address registered at the time of application. All refunds will be made by way of Cheque / Demand Draft.

29. The Customer may appoint a nominee at the time of enrolment upon submission of relevant documentation. In the event of death of the account holder, the amount is transferable by the Company only to the person(s) whose nomination has been filled by the account holder in the Enrolment Form at the time of opening the account subject to such nominee producing identity and address proof. In case the account holder does not nominate any person, any claim(s) made by any other person(s) on behalf of the accountholder will not be entertained unless such person being a legal heir/duly authorized person claiming the benefits under the Jewellery Purchase Plan, shall produce below documents to the Company:

i. Death certificate of the deceased.

ii. Succession Certificate.

iii. NOC from other surviving legal heir for redemption.

iv. Indemnity undertaking to indemnify Nandi Jewellers from claims.

v. Will (if any).

vi. Along with all other supporting documents and clarifications.

However, the decision of the Company shall be final on sufficiency of any document in all such Cases above and the same shall be binding upon the claimants.

30. 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 to the account holder, as long as the same is not detrimental to the interests of the account holder.

31. The Company is the operator of this Jewellery Purchase Plan and reserves the right to suspend the Jewellery Purchase Plan at any time. In any such event, the account holder may purchase any item at the Nandi Jewellers Showroom equal to the value of the installments accumulated in his/her Jewellery Purchase Plan account along with discounts accumulated, as on that day.

32. The liability of the Company or its branch or its stores under the Jewellery Purchase Plan is limited to the extent of installments/advances paid by the account holder(s) and the discount, as per the Jewellery Purchase Plan and the terms and conditions contained herein, and thus does not lead to any other assurance or warranty whatsoever by the Company.

33. Any conditions that are not explicitly covered above would be the discretion of the Company at the time of transaction/redemption. The decision of the Company in this regard would be deemed as irrevocable and final. Disputes if any will be subject to the Courts in HYDERABAD jurisdiction only, to the exclusion of any other court’s jurisdiction