NAGI JEWELS GOLD & DIAMOND SAVINGS PLAN

Terms & Conditions

1. Purpose of the Plan

The Nagi Jewels Gold & Diamond Savings Plan is designed to help customers save through regular monthly installments and purchase jewellery upon completion of the plan. This scheme is solely a savings program and shall not be construed as an investment, deposit, chit fund, or interest-bearing financial product.

2. Eligibility

  • The applicant must be at least 18 years of age.
  • Nagi Jewels reserves the right to request valid identity and address proof for verification purposes.
  • Enrollment in the plan shall be subject to successful completion of any required KYC formalities.

3. Monthly Installments

  • Customers may enroll by selecting a fixed monthly installment amount.
  • The minimum monthly installment amount shall be ₹1,000.
  • Installments must be paid on or before the due date each month.
  • The tenure of the plan shall be 11 consecutive months.
  • Customers are required to complete all 11 monthly installments to qualify for the plan benefits.

4. Maturity of the Plan

  • The plan shall be considered matured upon successful payment of all 11 installments.
  • Upon maturity, the customer may redeem the accumulated amount towards the purchase of eligible jewellery from Nagi Jewels.
  • Redemption is applicable only on selected Gold and Diamond Jewellery collections as determined by Nagi Jewels.

5. Exclusive Benefit

  • Customers who successfully complete the plan and comply with all applicable terms shall be eligible for 0% Making Charges on selected Gold and Diamond Jewellery at the time of redemption.
  • The 0% Making Charges benefit shall apply only to designated collections and selected jewellery items identified by Nagi Jewels.
  • Charges relating to diamonds, gemstones, certification, hallmarking, customization, GST, and any other applicable taxes or statutory levies shall be payable separately by the customer.

6. Gold Rate Applicability

  • Gold rates shall not be fixed or locked at the time of enrollment.
  • The prevailing gold rate on the date of jewellery purchase shall be applicable.
  • Any increase or decrease in gold prices during the tenure of the plan shall be borne by the customer.

7. Delayed or Missed Installments

  • Installments should be paid within the stipulated due dates.
  • In the event of delayed payments, Nagi Jewels may, at its sole discretion, allow continuation of the plan.
  • If two or more installments are missed, delayed substantially, or remain unpaid, the customer may become ineligible for the 0% Making Charges benefit.
  • The decision of Nagi Jewels regarding eligibility for benefits shall be final and binding.

8. Cancellation and Withdrawal

  • Customers may discontinue the plan at any time.
  • Amounts paid under the plan shall not be refundable in cash.
  • The accumulated amount may only be utilized towards the purchase of jewellery from Nagi Jewels.
  • Special benefits associated with the plan shall apply only upon successful completion of all terms and conditions.

9. Eligible Jewellery

  • The plan benefits are valid only for jewellery purchases from eligible collections.
  • Gold coins, silver articles, bullion products, investment products, and certain promotional items may be excluded from the scheme.
  • Customized, exclusive, limited-edition, or specially discounted products may not qualify for plan benefits.

10. Transferability and Nomination

  • The plan is non-transferable and may not be assigned to another individual.
  • Customers may nominate a beneficiary at the time of enrollment.
  • In the event of the customer’s demise, benefits may be transferred to the nominee subject to submission of valid supporting documents and verification.

11. Taxes and Statutory Charges

  • Goods and Services Tax (GST) and any other applicable government taxes shall be charged separately at the time of purchase.
  • Any changes in statutory taxes, duties, or regulations imposed by government authorities shall automatically apply.

12. General Terms

  • Nagi Jewels reserves the right to modify, amend, suspend, or discontinue the plan at any time without prior notice.
  • Any dispute arising out of or relating to this scheme shall be subject to the exclusive jurisdiction of the courts having jurisdiction over the location of Nagi Jewels.
  • The decision of Nagi Jewels regarding interpretation of these Terms & Conditions shall be final and binding.

Important Notice

The primary benefit of this Savings Plan is the eligibility to avail 0% Making Charges on selected Gold and Diamond Jewellery collections upon successful completion of the plan. Customers are advised to carefully read and understand all Terms & Conditions before enrolling in the scheme.