Terms And Conditions
- 1. FREQUENTLY ASKED QUESTIONS - FAQ'S What is SRI ASWATH ASWATH AURUM EMA (easy monthly advance) plan? They are jewel purchase plans where you have the option to choose between 2 uniquely designed EMA payment options (Vaikuntam & Kuberalakshmi) to buy jewellery of your choice from our showroom. What is the term duration of SRI ASWATH ASWATH AURUM EMA plan? All our plans have a term duration of 11 months. How much do I pay month? Vaikuntam EMA Plan: Minimum ₹2000 or above in multiplies of ₹1000 thereof for 11 months. Kuberalakshmi EMA Plan: Minimum ₹2000 or above in multiples of ₹1000 thereof for 11 months. How do I pay the EMA (easy monthly advance) payment & what mode of payment options is available? It is advisable to make the EMA (easy monthly advance) payments on or before 12th of every month. Payments can be made through Cash/Debit Cards/Credit Cards/ NEFT/ RTGS/UPI / SRI ASWATH JEWELLERS APP / sriaswathjewellers. com. Will GST be applicable? Yes, GST will be applicable at the time when the customer redeems the advance amount aggregate and purchases jewellery from Sri Aswath Jewellers. GST & any other GOVT Levies will be borne by the customer and not the company. What if I missed out paying the EMA (easy monthly advance) payment? Easy monthly advance payment beyond the stipulated period of more than one month will not be allowed. The plan will be discontinued if not paid. What if I buy for the amount exceeding the advance payment upon maturity? Customer will enjoy the full benefit for the aggregate value/ Gold weight accumulated according to the chosen plan. For the extra purchase made, regular charges will be applicable. Ex: VAIKUNTAM (The accumulated weight is 10.49 grams, selected jewellery weight is 15 grams. Then, you need not to pay value addition (VA) up to 18% on purchase of ornaments 10.490 grams and for the balance weight of 4.51 grams (15 -10.49 = 4.51) 100% full VA/Making charges to be paid by the Customer)
- 2. Ex: KUBERALAKSHMI (Any product the customer chooses to buy, FLAT 100% off on VA /Making charges will be waived off. With a monthly commitment of 5000/- on the first of every month. At the time of maturity, you would have paid eleven monthly instalments i.e 55,000/- in total. Let us assume that at the date of purchase, the gold rate for 22 kt purity is 6130/- per gram. At this gold rate, with the advanced amount you can purchase 8.970 grams of 22kt gold. As per this plan, you need not pay any value addition (VA) / Making Charges on purchase of ornaments up to 8.970 grams. For ornaments of higher weights, value addition benefit will apply up to 8.970 grams and the excess weight will carry usual value addition calculated upon the gold rate on the date of purchase. What if I do not redeem the whole amount accumulated? Partial redemption is not allowed and refund in any case will not be applicable. Customer may buy 22K gold coins for the remaining amount for VAIKUNTAM & KUBERALAKSHMI. Within what time after maturity should I purchase? All plans require you to make your purchase after the 30th day from the 11th month advance payment. What happens if I do not redeem with in the given time? In case the member does not redeem the plan within the stipulated time, there is no cash refund in this scheme, you can buy only jewels or coins. Is pan card mandatory to enroll for the plan? If the aggregate of the monthly advance amount is ₹2 lakhs or more, submission of PAN CARD copy will be mandatory. Will I get a receipt if I make online payment? Customer can provide the payment details at store and can collect the payment receipt. How can I track the term of the EMA paid or view the payment details of monthly advance paid? Download and register on Sri Aswath Jewellers App on Google Playstore / Apple Appstore or login to sriaswathjewellers.com Can I buy Gold coins? Yes, you can buy 22K gold coins under VAIKUNTAM & KUBERALAKSHMI.
- 3. Will I get a membership card? Yes, once you enroll for SRI ASWATH ASWATH AURUM EMA jewel purchase plan (VAIKUNTAM & KUBERALAKSHMI), SRI ASWATH will issue a membership passbook at store. How sale price is determined? The sale price will be determined based on the prevailing market rate (i.e., the date of sale of gold ornaments.) Can I appoiny a nominee? Yes, Customer can appoint a nominee in this EMA. What if I discontinue? When discontinued, the customer is not eligible for the benefits of the plan & gift value will be deducted. The management reserves the right to change, alter the terms and conditions of this scheme at its discretion as per the prevailing Government rules regulations.
