Choice World Jewellery – Terms and Conditions for Schemes

We are registered with Bureau of Indian Standards (BIS) and have a Hallmark license. We
are eligible to operate the gold schemes as per RBI Guidelines.

Following are the rules that are common for all gold schemes we operate.

Eligibility

Consumers must be at least 18 years of age to participate in a gold saving scheme.

Payment Options

1. Consumers can make payments for gold saving schemes via online, cash, cheque, or
through electronic transfers.
2. You will receive a clear receipt for all payments made.

Gold Purity

1. All gold used in gold saving schemes will be of BIS Hallmark purity.
2. We provide consumers with a certificate of purity for all gold purchased under our gold
saving scheme. The hallmark charges will be borne by our customer.

Scheme Process

1. Members can accept terms and conditions and enrol themselves for the scheme
involving either gold or silver.
2. Members can purchase Gold or Silver Jewellery as per the scheme (except gold / silver
coins) .
3. Payment process
a. The first installment shall be paid immediately after joining the scheme and
accepting the terms of the scheme.
b. Members can pay on any day of the month.
c. Scheme bonus is applicable only for the defined scheme amount. However,
members can also choose to save extra by paying an additional amount along
with the monthly payment.
d. Members can make payment via Online/ UPI/ Cash/ Credit/ Debit cards

Redemption

1. To avail scheme benefits, the entire plan duration needs to be completed and the
maturity date will be 30 days from the date of payments (in our account) of the last
payment. Customers are advised to redeem the plan amount within three months of the
date of maturity.
2. No bonus or scheme offer will be applicable on pre-closure of plan by the members and
they will be allowed to purchase gold jewelry only for the amount they have paid.
3. The scheme only allows for purchase of gold or silver jewelry. Gold or Silver coins
cannot be purchased under this scheme
4. Any value addition / wastage / making charges / hallmark charges /stone charges and
tax surcharges will be levied as applicable at the time of sale.
5. Customers shall provide a copy of valid photo identity proof such as Driver’s License,
Passport, Ration Card, Election Card or Pan Card for authentication at the time of
redemption. An OTP in the registered mobile number will be required at the time of
redemption.
6. Receipts will also be provided for the jewelry purchased.
7. No cash refund will be made.
8. Consumers can redeem their gold savings at any time during the scheme’s tenure.

Scheme Types:

Following are the schemes available for Choice World Jewelry:
All schemes have 11 installments being paid within 12 months.