ZERO% Gold Purchase Plan
Option A
The Scheme comprises of monthly premium of Rs. 2000, 5000 and 10000/- .
The Monthly premium is to be paid continuously for 11 months.
After maturity period completed customer can buy the jewellery with No wastage Upto 10% & No Making Charges.
| Monthly Instalment | No of Months | Total Amount | 12th Month Benefit |
|---|---|---|---|
| 2,000 | 11 | 22,000 | No Wastage Upto 10% & No Making Charges on 916 Gold Jewellery |
| 5,000 | 11 | 55,000 | |
| 10,000 | 11 | 1,10,000 |
Option B
The Scheme comprises of monthly premium of Rs. 2000, 5000 and 10000/- .
The Monthly premium is to be paid continuously for 11 months.
Customer can get 1 Month bonus after maturity period completed.
| Monthly Instalment | No of Months | Total Amount | 12th Month Bonus | Total Amount |
|---|---|---|---|---|
| 2,000 | 11 | 22,000 | 2,000 | 24,000 |
| 5000 | 11 | 55,000 | 5,000 | 60,000 |
| 10,000 | 11 | 1,10,000 | 10,000 | 1,20,000 |
Pre-Closure Chart
| Option A FREE WASTAGE | Option B FREE BONUS | |
|---|---|---|
| 1st to 3rd MONTH | No Benefit | No Benefit |
| 4th to 5th MONTH | 2% | 20% |
| 6th to 7th MONTH | 3% | 30% |
| 8th to 9th MONTH | 5% | 50% |
| 10th to 11th MONTH | 6% | 60% |
Terms And Conditions
The Gold Saving Scheme Called as Zero% Gold Purchase Plan.
The Scheme comprises of monthly premium of Rs. 2000, 5000 and 10000/-
The Monthly premium is to be paid continuously for 11 months,
Monthly Instalments may be paid by cash/credit card debit card/cheque /D.D. Cross A/c Payee to be drawn in favour of Konika Jewellery Pvt. Lid., only
The Instalment must be paid on or before 10th every month at any of our showroom. Members should check the entries made in the pass book carefully every time a premium is paid.
Members must choose the option before joining in the Scheme.
Payment of premium can be made in advance also.
Monthly premium amount is fixed in every scheme and it cannot be transferred and interchanged.
In case of cheque payment pass book credit will be given only upon the date of realization.
After having paid all the premium for 11 months the members is entitle to get gold jewellery, only after 30 days from the date of the last premium as per initially selected option only.
Default in payment will extend the maturity date of the scheme respectively in months and not by days.
(a) In case of Option A scheme member are eligible to get 916 Gold jewellery upto 10% of wastage only. The difference of Wastage, Making and any other charge more than 10% if any will be borne by the member.
(b) Members can avail 916 Gold coins also. There is no Free Bonus in this option.
(a) In Case of Option B members are eligible to get the Twelth Month Bonus Free as per their premium amount and can avail Gold Jewellery only, after paying the Wastage, Making and any other Charges for the Jewellery selected.
(b) 12 month Bonus will be added only after the completion of 11th month premium.
(c) Members cannot avail Gold Coins In this option.
Members who discontinue, their amount will be deducted as per Pre closure chart.
Please Inform immediately for any changes in address / Phone / Mobile to help us to send any information from the showroom by SMS/ Post.
The scheme will be cancelled in exchange of jewellery only after producing the original pass book.
In case of loss of original pass book duplicate shall be issued after producing an affidavit and on payment of Rs. 200/.
It is sole discretion of the Company to alter amend, modify, add or delete any of the terms and conditions from time to time without any prior notice.
The Management decision is final in all matters of the scheme
All disputes are subject to Chennai Jurisdiction only. The company's on going promotional and other offers cannot be duped with this purchased plan benefits
I hereby agree to receive all the information and offers from Konika Jewellery through SMS / Gmail Calls.
FAQ’s
Purchase Plan Option A
Purchase plan is exclusively created to help you plan and buy jewellery that you always wanted to buy. It’s safe, secure and a unique plan that empowers you to buy jewellery through affordable instalments besides helping you save money.
Cash will not be refunded at any circumstances, members are eligible to redeem by purchasing Gold, Diamond & Platinum jewellery only, at the prevailing market rate for the amount paid.
The monthly advance amount is fixed and it cannot be transferred and interchanged
Members who discontinue, their amount will be deducted as per Pre closure chart link.
Advance payments should reach Konika before the 15th of every month. Members can also pay in advance for the future months. Payments could be made through Cash/Cheque/Debit/CreditMobile app/Website.
Default in payment will extend the maturity date of the scheme respectively in months and not by days.
Yes, members can purchase gold coins at the prevailing market price.
There will be ‘No bonus’ offered under Option A.
Wastage will be charged only on the excess amount. For example : If you choose Rs.2000 as your monthly advance payments, the amount accumulated over the 11th month period will be Rs.22,000. If the selected jewellery value is Rs.52,000, the member is eligible for ‘no wastage (VA) upto 10% for Rs.22,000 only, and wastage will be applicable to the excess amount Rs.30,000.
In case of loss of original pass book, duplicate shall be issued on payment of Rs. 200/ after producing an affidavit.
After Maturity, you can purchase Gold, Diamond & Platinum jewellery and are eligible for ‘No wastage’ upto 10% for the accumulated amount.
Yes GST, & any other levies will be borne by the members.
0% Purchase Plan Option B
Purchase plan is exclusively created to help you plan and buy jewellery that you always wanted to buy. It’s safe, secure and a unique plan that empowers you to buy jewellery through affordable instalments besides helping you save money.
Cash will not be refunded at any circumstances, members are eligible to redeem by purchasing Gold, Diamond & Platinum jewellery only, at the prevailing market rate for the amount paid.
The monthly advance amount is fixed and it cannot be transferred and interchanged.
Members who discontinue, their amount will be deducted as per Pre closure chart link.
Advance payments should reach Konika before the 15th of every month. Members can also pay in advance for the future months. Payments could be made through Cash/Cheque/Mobile app/Website.
Default in payment will extend the maturity date of the scheme respectively in months and not by days.
No, members cannot purchase gold coins under Option B
12th Month bonus will be added for free only after the completion of the scheme. For example : If you choose Rs.5000 as your monthly advance payments, the amount accumulated over the 11th month period will be Rs.55,000. Konika will then sponsor an extra month for you with a bonus Rs.5000 will be added to the 12th month.
In case of loss of original pass book, duplicate shall be issued on payment of Rs. 200/ after producing an affidavit.
After Maturity, you can purchase Gold, Diamond & Platinum jewellery with the accumulated amount and an additional bonus as per your fixed premium.
Yes GST, & any other levies will be borne by the members.
Konika's Khulja Sim - Sim
The Gold Saving Scheme will be called as Konika's "Khulja Sim-Sim" Part 16 alming to promote Savings.
Rs.2000/- per month to be remitted for 11 months only.
Remittance should be made by cash or crossed "A/C Payee cheque in the name of "Konika Jewellery Pvt Ltd.," Only.
Remittance must be paid on or before 15th of every month.
Members who have not made their remittance on or before 15th of each month, prize for the corresponding passbook number will go to the Company.
Special Gift will be given immediately to all members on enrollment.
Members are eligible to participate in all the draws and the Bumper draw Inspite of winning earlier month Prize by remitting monthly dues promptly.
After the maturity at the end of the scheme Gold Jewellery worth of Rs.44000/- + Rs.600/- Bonus to all members, which will be given within 3 months time.
Please Inform Immediately for any change in your address /Phone / Mobile as the draw result and all Information about Konika Jewellery will be sent through SMS as agreed and no claim will be entertained thereafter.
Please ensure that correct entries are made In your pass Book for the amount paid, Any lapse should be brought to the company's notice within two months. No claim will be made thereafter.
The Gifts/Prizes displayed in the pamplets and Passbook may differ from the actuals.
If anyone discontinues, their remittance shall be paid back in the form of Gold Jewellery only after deducting as per the cancellation chart only at the end of the scheme.
In case of loss of original pass book, duplicate pass book shall be issued after producing an affidavit and on payment of Rs.100/- The Scheme will be cancelled for exchange of Jewellery only after producing the pass book.
At the sole discretion of the company may not accept one time deposit from defaulting members who don't pay their monthly premium regularly.
At the end of the Scheme, Members will get 22ct Jewellery only at the prevailing market rate for the amount paid plus bonus. or for any prize they have won (under no circumstances cash or gold coins/fine Gold bar will be given.)
GST will be borne by the member only.
Gift Tax / TDS will be collected from the members.
The Prize winner will have to bear the difference between the market rate and the price quoted by the company for Prizes.
Members cannot claim the prize for any future draws after the cancellation, despite all the future premiums are paid In advance.
The company reserves all right either to cancel or retain the members who have not paid his/her premium continuously for 3 months.
Subject to Chennai Jurisdiction. All decision and operation rights for the scheme are reserved and the sole discretion of management only.
The company reserves the right to modify/withdraw the scheme at any given point of time without assigning any reason thereof.
FAQ’s
Khulja Sim-Sim Purchase plan
Khulja sim-sim is a 11 month Purchase plan designed by the company, where the company announces the start date and the fixed amount to be remitted for 11 months with exciting prizes every quarter and a bumper lucky draw by the end of the scheme (Ex. Car, scooter, Gold coin..)
Cash will not be refunded at any circumstances, members are eligible to redeem by purchasing Gold, Diamond & Platinum jewellery only, at the prevailing market rate for the amount paid.
The monthly advance amount is fixed for every scheme the company announces.
Members who wish to discontinue in between the months, a certain % of amount will be deducted as per cancelation charges chart. (Cancellation chart link).
Advance payments should reach Konika before the 15th of every month. Members can also pay in advance for the future months. Payments could be made through Cash/Cheque/Mobile app/Website.
Members who fail to pay before 15th of each month, prize for their corresponding passbook for the month will go to the company.
Defaulting members are not eligible to pay their monthly premium for more than three months, failing which the account will be terminated and the member will not be eligible to claim any prizes thereafter, the company will take a call at its sole discretion.
After Maturity, one could purchase only Gold, Diamond & Platinum jewellery with the accumulated amount and an additional bonus will be added by the company as per the Purchase Plan.
If you wish to discontinue, the remittance shall be paid back in the form of Gold, Diamond & Platinum Jewellery only after deducting as per the cancellation chart, at the end of the Purchase plan. (Cancellation chart link).
Yes GST, TDS on prizes & any other levies will be borne by the members.
Members can be present on the draw date at the venue and claim their prizes, the company will also notify the members via SMS.
