Monthly Installment Scheme

Parashmani Jewellers Monthly Installment Scheme.

Scheme Overview:
- Monthly installments for 11 months.
- Minimum installment: ₹2,000 (multiples of ₹1,000 allowed).
Value Deposits Only:
- Installments are value-based; no gold booking at the time of payment.
- Gold rate on the purchase date will apply.
Discount & Benefits:
- 90% of the 1st installment value added as a bonus at redemption. (if eligible).
- Default in any installment reduces the discount proportionately.
Payment Rules:
- Installments must be paid monthly by the due date.
- 5-day grace period allowed; failure to pay results in default.
Redemption:
- Must redeem within 400 days from enrollment.
- Early redemption forfeits the bonus.
Charges & Restrictions:
- GST, making charges, and other applicable fees will apply at purchase.
- Gold/Silver coins are not eligible for purchase under this scheme.
- Enrollment or redemption not allowed during promotional sales.
Identity Requirements:
- Photo ID, address proof, and PAN (for deposits over ₹2L) mandatory.
- Authorized representatives must present proper ID for redemption.
Jurisdiction:
- Disputes subject to Kolkata jurisdiction.

Example:

Enroll Date: 1^st January 2024.

Maturity Date: 31^st December 2024.

Installment Amount: 10,000.

Bonus%: 90% of the 10,000 i.e, 9,000.