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  • INVESTMENT SCHEME

    The Samriddhi Investment Scheme, brought to you by Punjab Jewellers Rajiv Verma (PJRV), is one of the best Jewellery Purchase Schemes, leading to an easy purchase of PJRV Jewellery of your choice. Under the scheme, you can buy for more than what you pay because we will add a special discount at the end of the scheme.

  • The 12 Month Plan

    Under this scheme, you need to pay a fixed amount every month with PJRV for 11 months. From the end of the 12th month you will be eligible for a special discount which will be 75% of the fixed installment for a month. In this scheme minimum installment value is Rs 2000 and it can increase to any amount as long as it is in multiples of Rs 1000. You will have to mandatorily close the account within 60 days from the date of maturity of the account. For Example, 3 cases have been portrayed below (only If all installments are paid on due date)

A/C Opening
Date
Maturity Date Installment Per
Month in INR (a)
Duration Of
installment (b)
Total Collection
in INR (c) (a*b)
Discount On Jewellery
Purchase in INR (d)
% Of Monthly
installment
Total Benefit in INR
after 12 months (cod)
1 Jan 2017 31 Dec 2017 2,000 11 Months 22,000 1,500 75% 23,500
1 Jan 2017 31 Dec 2017 5,000 11 Months 55,000 3,700 75% 53,750
1 Jan 2017 31 Dec 2017 10,000 11 Months 1,10,000 3,700 75% 1,17,500
  • What can I buy?

    You can buy from a wide range of Hallmarked 22Kt. Jewellery to Certified Diamond 18Kt & 14Kt Jewellery and Colored Stones.Raw Gold & Silver and Gold & Silver Coins cannot be purchased under this scheme.

  • Where can I buy from?

    The Scheme will be applicable at our Flagship Store at Greater Kailash II and at our Branch Office at Delhi Cantt.

  • What do I need to carry at the time of redemption?

    You need to carry your valid photo ID (viz. Aadhar Card/ Passport/ Driving License/ PAN Card/ Voter ID) to our Punjab Jewellers Rajiv Verma Outlets you selected for redemption after the maturity date of the scheme. You are mandatorily required to carry your Scheme Book.

  • Can my friend / relative redeem on my behalf?

    Only if you’ve nominated him/her at the time of enrolment, can he/she redeem the money on your behalf by giving a copy of a valid photo ID. At time of enrollment, nominee details and PAN card need to be shared.

  • Till when can I redeem my account?

    You are advised to redeem within 60 days from the date of maturity of the account.

  • Can I change the showroom selected for redemption?

    No, post enrolment, redemption can only be carried out at the selected outlet.

  • Can I buy before the account gets matured?

    You can buy Jewellery worth the amount accumulated till date, but you lose out on the discount in case you buy before the maturity date. You need to visit the store with your scheme voucher and your valid ID proof with which you have enrolled in case you want to do so.

  • Can I get a refund?

    A request letter needs to be furnished 1 (One) month in advance before the refund can be processed. Refund will only be carried out of the principal amount, all benefits as part of the account would seize to exist. The refund payment will only be done through cheque and a copy of your PAN Card would be required at time of refund.

  • Can I change the installment amount in the middle of the scheme?

    A larger sum could be given in any installment but the benefit will be calculated at the installment amount finalized during the time of enrollment. A lesser amount to the amount as finalized at time of enrollment would not be accepted.

  • What benefits do I get on enrolling in the scheme besides the discount at the end of scheme?

    You can get your Jewellery washed & polished and get restringing of your pearls & beads for free.
    ( Please note, in exceptional cases charges may apply )

    Be a part of our family as we work towards making Jewellery personal again

  • Better Value

    Not only can you plan your Jewellery purchases much in advance, you can get them at a discounted price.

  • Added Advantages

    Any scheme Member can also take advantage of any ongoing offer/ scheme at PJRV and combine the scheme benefit with the ongoing offer to get the double advantage. Only applicable during the period when additional offers are ongoing.

  • Plan in Advance

    You can use this scheme to plan for many special events for a special someone, or a Jewellery purchase for the next important festival.

  • Pay Through Credit/Debit Card/Post Dated Cheques

    You can pay your next installment for your accounts through your debit/credit card. Payment through Credit Card will lead to the addition of 2% on the final value as Credit Card Charges.

    Post dated cheques could also be handed to us to make it more convenient for you. An email will be shared with you confirming the receipt of your installment amount in case the scheme book cannot be physically updated.

  • What are the available payment options?

    Pay every month using your debit/credit card or in cash at our stores, an additional 2% will be added in case of credit card payment. Post dated cheques could also be handed to us to make it more convenient for you. An email will be shared with you confirming the receipt of your installment amount in case the scheme book cannot be physically updated.

  • How can I see my payment status?

    The Scheme Book is to be kept safely as this would define the status of your account along with the monthly installment payment voucher handed over to the customer at time of payment at the store.

  • How do I know if my payment has been credited to my investment account?

    On paying of installment at store, the entry made in the scheme book stands as evidence of amount being credited to your account. In case a customer cannot visit the store personally to get the book updated and has sent the installment through an online transfer / cheque then we would share the required details on email for your confirmation and maintain all necessary records with us as done normally until your next visit and the Scheme Book will be updated then.

  • Can I pay all installment at once?

    No, only one installment a month is acceptable.

  • What happens if I miss paying installments?

    Only 2 months of installments can be skipped and the % (68.75% or 62.5% in case of 1 month and 2 months skipped respectively) of discount will be adjusted proportionately, after 2 months the scheme stands to be cancelled for the individual and only the principal amount deposited can be redeemed to buy anything at the store or refunded.

  • Detailed terms and conditions:- Key Conditions for Investment Scheme Customers

    The account can only be redeemed after all installments have been fulfilled, redemption before maturity would result in refund of principal amount paid by customer without any benefits

  • The PJRV Samriddhi Scheme will allow the customer to pay fixed monthly installments of minimum INR 2,000 or above (in multiples of 1,000). Customer has to pay one installment every month. More than one installment in a single month will not be accepted except as pointed out in point no.9 above in the redemption category.

  • In the event the customer fails to pay his/her installment for any 2 months, the benefit will be adjusted accordingly. Only 2 months may be skipped beyond which the scheme stands to be cancelled for the individual. In that case, the principal amount collected so far can be redeemed or refunded.

  • The customer is mandatorily required to redeem his/her account within 60 days from the date of maturity, thereafter, benefit of discount would be seized and principal amount could be redeemed/refunded.

  • Raw Gold & Silver and Gold & Silver coins cannot be purchased against the installments paid under the Scheme. Monthly installments paid under the Scheme can be made only against the purchase of Jewellery at PJRV Stores.

  • Customers are allowed to withdraw from the scheme with 1 (One)month prior notice. All refunds would be paid only by way of cheque.

  • All installments will be in Indian Currency (Rs.) only.

  • The account holder is required to provide a copy of his/her photo ID like Aadhar Card/Passport/PAN Card/ Driving License/Voter ID etc. and a cancelled cheque /Bank details at the time of enrolment into the scheme and on the maturity of the scheme for authentication.

  • For accounts opened with monthly installments of more than 35,000 a self attested copy of the PAN Card is mandatorily required for enrolment. Any purchase of INR 2 lakhs or above, on a single day will also require the PAN card copy to be submitted, by the customer at the store.

  • The rate of gold shall be based on the rate of gold prevailing on the date of purchase.

  • Benefits on a purchase are strictly restricted to the stated terms and conditions of the scheme, additional discounts/benefits are NOT BARGAINABLE. Additionally, a customer could club any ongoing scheme at the store at the time of purchase, thus get the Extra Benefit.

  • Other Terms and Conditions:-
    Account Opening & Enrolment

    Only individuals can enroll in the scheme and enrolment is not permissible for companies, partnership or proprietorship firms.

  • On enrolment, every account holder will be given a Scheme Book which he/she is required to carry and keep under safe custody, at all times. The account holder(s) should ensure that all payments made by them are correctly entered in the Scheme Book and any discrepancy should be immediately brought to our notice, for suitable rectification, especially the name of the account holder wherein the name should be as per the ID proof provided by the customer and not in any other name, including nick name or short forms etc.

  • At the time of enrolment, the account holder should ensure that the Scheme Book is signed by him/her and by the partner of PJRV, in the space provided, accepting terms and conditions, to ensure the validity of Scheme Book and for proper reference at the time of maturity/purchase under the Scheme.

  • This Scheme Book is the only document to identify the account holder i.e., the bearer of the Scheme Book will be deemed as the owner of the same for the purpose of utilization of the installments paid under the Scheme and hence the Scheme Book has to be signed and retained safely by the account holder only.

  • In case of any change in contact or address details, the account holder is required to intimate the store or email to care@punjabjewellers.in within 7 (seven) days from date of such change.

  • The scheme shall be denominated and utilized/redeemed in Indian Rupees only. Any scheme once selected cannot be converted into any other scheme (existing or new) which may be operated or implemented by PJRV, from time to time.

  • The maturity date shall be strictly calculated according to the first payment date and the type of scheme selected by the account holder at the time of his/her enrolment.

  • Monthly Payments

    At the time of every monthly installment payment, the account holder should get his/her Scheme Book updated at the store.

  • Payment of monthly installment(s) should be made by cash, card, cheque in select stores, demand draft in favor of "Punjab Jewellers Rajiv Verma" payable at the Store, where the account is opened on due date. Post dated cheques can also be given, but in case of any cheque payment, the scheme book shall only be updated once the cheque has been cleared.

  • GOLD SCHEME

    Samriddhi Gold Scheme is a flexible, 8 months’ gold booking scheme. This scheme will also help protect you against the rising gold rates.Under this scheme you can book grams of gold every month for 8 months’ post which you can redeem the grams booked in form of PJRV Jewellery at gold rate applicable at the time of redemption. The amount can be redeemed after the end of the 8th month.

  • How does the scheme work?

    You start the scheme on 1st Jan 2017.

1st Installment 2nd Installment
1st INSTALLMENT 1st Jan 2017 2nd INSTALLMENT 15th Feb 2017
AMOUNT PAID (EXAMPLE) Rs. 30,000 AMOUNT PAID (EXAMPLE) Rs. 15,000
GOLD RATE ON 1st JAN 2017 PER GRAM (ASSUMING)
Rs. 30,000
GOLD RATE ON 1st JAN 2017 PER GRAM (ASSUMING)
Rs. 3,100
HENCE, GRAMS BOOKED 10 gms. HENCE, GRAMS BOOKED 4.83 gms.
REDEMPTION

This process continues for 8 months wherein any number of installments can be made, in this case, August 2017 is the final month. Assuming a total of 50 gms has been booked, the following is how the redemption would take place:

Redemption
  • DATE OF REDEMPTION
    1st Sep 2017
  • TOTAL GRAMS BOOKED (FOR EXAMPLE)
    50 gms
  • GOLD RATE ON 1st SEP 2017 PER GRAM (ASSUMING)
    Rs. 3,500
  • HENCE, TOTAL REDEMPTION VALUE
    Rs. 1,75,000

THEREFORE, PURCHASE OF JEWELLERY WOULD BE EQUAL TO OR MORE THAN THE VALUE OF Rs. 1,75,000.

Points to be noted

PJRV is not responsible for changes in the gold rates. Customers are requested to be fully cognizant of the risks that rise or fall in gold rates can effect the value of the grams booked by them. PJRV will not be responsible for decrease in value of the grams booked at the time of redemption due to fall in gold rates.

  • What can I buy?

    You can buy anything from a wide range of pure 22Kt. Jewellery to Certified Diamond 18Kt & 14Kt Jewellery and Color Stones. Only Gold Coins and Silver Coins cannot be purchased under the Gold Scheme.

  • Where can I buy from?

    The Scheme will be applicable at our Flagship Store at Greater Kailash II and at our Branch Office at Delhi Cantt.

  • What do I need to carry at the time of redemption?

    You need to carry your valid photo ID (viz. Aadhar Card/ Passport/ Driving License/ PAN Card/ Voter ID) to our Punjab Jewellers Rajiv Verma Outlets you selected for redemption after the maturity date of the scheme. You are mandatorily required to carry your scheme voucher.

  • Can my friend / relative redeem on my behalf?

    Only if you’ve nominated him/her at the time of enrolment, can he/she redeem the money on your behalf by giving a copy of a valid photo ID. At time of enrollment, nominee details and PAN card need to be shared.

  • Till when can I redeem my account?

    The Gold scheme has to be redeemed within 300 days from the account opening date. Beyond which PJRV will process the refunds back into customer’s account.

  • Can I change the showroom selected for redemption?

    No, post enrolment, redemption can only be carried out at the selected outlet.

  • Can I buy before the account gets matured?

    You can buy Jewellery worth the amount accumulated till date, but you lose out on the discount in case you buy before the maturity date. You need to visit the store with your scheme voucher and your valid ID proof with which you have enrolled in case you want to do so.

  • Can I get a refund?

    Yes, you can get the refund of the principal amount deposited by you only in case of emergent situations, wherein the decision of PJRV would be final.
    The refund will not be calculated in terms of gold value but only the principal amount deposited by you during the period.

  • What benefits do I get on enrolling in the scheme besides the discount at the end of scheme?

    You can get your Jewellery washed & polished and get restringing of your pearls & beads for free.
    ( Please note, in exceptional cases charges may apply )

    Be a part of our family as we work towards making Jewellery personal again

  • Better Value

    You get to safeguard yourself from fluctuation gold prices.

  • Added Advantages

    Any scheme Member can also take advantage of any ongoing offer/ scheme at PJRV and combine the scheme benefit with the ongoing offer to get the double advantage. Only applicable during the period when additional offers are ongoing.

  • Plan in Advance

    You can use this scheme to plan for many special events for a special someone, or a Jewellery purchase for the next important festival.

  • Pay Through Credit/Debit Card/Post Dated Cheques

    You can pay your next installment for your accounts through your debit/credit card. Payment through Credit Card will lead to the addition of 2% on the final value as Credit Card Charges. Post dated cheques could also be handed to us to make it more convenient for you.

  • What are the available payment options?

    Pay every month using your debit/credit card or in cash at our stores, an additional 2% will be added in case of credit card payment. Post dated cheques could also be handed to us to make it more convenient for you. An email will be shared with you confirming the receipt of your installment amount in case the scheme book cannot be physically updated.

  • How can I see my payment status?

    The Scheme Book is to be kept safely as this would define the status of your account along with the monthly installment payment voucher handed over to the customer at time of payment at the store.

  • How do I know if my payment has been credited to my investment account?

    On paying of installment at store, the entry made in the scheme book stands by as evidence of amount being credited to your account.

  • What happens if I miss paying installments?

    If you delay or miss paying installments, you can pay the installments in the following month. The value of gold will be taken for that day on which amount has been received.

  • Detailed terms and conditions:- Key Conditions for Investment Scheme Customers

    Customer can pay any number of installments every month till 8 months from joining the Scheme. Redemption is only after the end of the 8th month till a maximum of 300 days from the date of account opening.

  • Every installment the customer pays, PJRV will book the corresponding gold grams in 24kt for the customer by taking into account the gold rate on the date of payment. On redemption day, the customer's fixed grams will be multiplied by the prevalent gold rate and a credit note will be generated with which the customer can buy Jewellery only from PJRV outlet where enrolled.

    A. For example, if a customer pays INR 12,000 as the installment amount and the 24 Kt gold rate is INR 3,000 per gram (for assumption only), then 4 grams of gold will be booked for the customer on that day.

    B. By the end of the Scheme if the customer has booked 50 grams of gold in 8 months and on the redemption date the 24 Kt gold rate is INR 3,500 per gram (for assumption only), then INR 1.75 Lakh would be generated as a credit note. Please note in the event the 24 Kt gold rate falls to INR 2,000 per gram (for assumption only) on the redemption day, then INR 1 Lakh would be generated as credit note.

    C. All the different gold rates assumed above are for giving example only and the actual gold rates will differ.

  • PJRV is not responsible for changes in the gold rates. Customers are requested to be fully cognizant of the risks that rise or fall in gold rates can affect the value of the grams booked by them. PJRV will not be responsible for decrease in credit note value of the grams booked at the time of redemption due to fall in gold rates.

  • Customer can pay any number of installments in 8 months. Post 8 months, no more installments would be accepted and the redemption must be done before 10 months from joining the Gold Scheme.

  • Gold coins and silver coins cannot be purchased under the Scheme.

  • In the event of the customer not purchasing the Jewellery against the installments paid within 300 days of joining the Scheme, the customer will be able to redeem only the principal amount as deposited. Refund will only be carried with a prior 1 (One) month notice. PJRV will need a copy of the customer’s PAN card for refunding the installments. Hence customers are requested to provide a copy their PAN card at the start of enrolling in the Scheme.

  • Customers of the Scheme shall not be eligible for any bonus, interest or any discount on the advance paid by them.

  • Customer is mandatorily required to submit his/her ID Proof at the time of joining the Scheme.

  • Cash, cheque, debit & credit card and online payments are allowed as the mode of payment for freezing grams.

  • Gold grams will be frozen at the applicable 24kt gold rate on the date when the customer is making the installment payment.

  • Making charges/labor charges/wastage/ stone cost/ sales tax etc. has to be paid separately on maturity.

  • A customer needs to pay a minimum of INR 3,000 every month. After INR 3000, payment can go up in multiples of 1,000 only.

  • This account statement and the same ID proof mentioned are the only documents to identify the customer.

  • The customer shall provide a copy of his/her photo ID proof like ration card/Driving license/Passport/PAN card/Voter ID, at the time of redemption of the installments, for authentication by PJRV.

  • The Gold Scheme account shall be redeemed by PJRV only after the customer has selected the product(s) for purchase.

  • In the event of any change in the contact details, the customer is required to intimate PJRV or email to care@punjabjewellers.in within 7 days from the date of change.

  • For accounts opened with monthly installments of more than INR 35,000, a copy of the PAN card is mandatorily required for enrolment; any purchase of INR 2 (two) Lakhs or above on a single day will also require a copy of the PAN card to be submitted by the customer at the Store.

  • Non-payment of monthly installments for more than 2 months will result in "suspension" of the account. Reactivation for payment will take up to 3 working days from the date of request in writing with valid photo ID proof, submitted at the respective Store by the account holder.

  • Other Terms and Conditions:-

    The Gold Scheme is purely a Jewellery purchase scheme that helps you to freeze only gold grams at the prevailing gold rate as on the date of payment of the installment and can be utilized only for purchase of Jewellery at a future date. Our stores shall accept only cash, debit & credit card payments, online payment for gold quantity and rate freezing, under the Scheme.

  • PJRV will not be responsible for any online payment failure and money being debited from the customer's account. In case of any payment failure, the customer is requested to check with their banks or other service providers. It is the responsibility of the account holder to enter details correctly.

  • A customer needs to pay a minimum of INR 3,000 every month. Thereafter, installments can be paid in multiples of 1,000.

  • Gold coins and silver coins cannot be redeemed under the Scheme.

  • At the time of purchase gold rate applicable will be the showroom gold rate, where the customer will purchase.

  • Monthly Payments

    6. Once a customer has opted for the Scheme, it cannot be converted into any other scheme (existing or new), which may run from time to time.

  • At the time of redemption/closure/utilization, the account holder has to personally come to effect the maturity/redemption/ closure.

  • Redemption of accumulated gold grams would be allowed till 300 days from the date of opening of the account, post which PJRV would refund the amount paid by the customer without any bonus, interest or discounts.

  • Redemption can be made only against the purchase of Jewellery at our Stores.

  • No partial redemption or utilization of the credit note shall be allowed and only full redemption of accumulated gold grams till date of redemption will be done by the PJRV stores.

  • The maturity value payable to the customer under the Scheme shall be calculated based on the applicable gold rate on the date of redemption, in Indian Rupees only.

  • The process of redemption at the Stores shall be as follows:

    i. On the date of redemption, the customer shall select his/her Jewellery from the available Jewellery in display in the PJRV Store for the purchase against advances made under the Scheme and ensure the product(s) selected shall be equal or higher than the value of the grams frozen till date of redemption.

    ii. Customer shall bring his/her account statement to the PJRV stores for redemption compulsorily; the Account statement shall be returned to the PJRV Stores on redemption, for the Store's records.

    iii. After selection of the product, customer shall inform Cashier of his/her intention to purchase the aforesaid product against the redemption of his/her accumulated grams in the Gold Scheme Book.

    iv. The customer shall first check if the value of the product to be billed is higher than the value of the credit note and in case it is short, select another product(s) of equal or higher value.

    v. At the time of billing, the cashier shall adjust the advances against the total bill generated on day of redemption.

    vi. Any difference in value has to be paid for by the customer immediately.

  • All Jewellery purchased under the Scheme will be subject to labor, making charges, wastage, sales tax or VAT, surcharges as applicable apart from gold/stone charges.

  • Reversal of the installments is not allowed in the Scheme. In case of unavoidable circumstances, reversal has to be done within the same day of the installment payment.

  • In the event of any change in contact details, the customer is required to intimate the store or email to care@punjabjewellers.in within 7 days from date of change.

  • PJRV will not be responsible or liable to send reminders for payments.

  • In the event of death of the account holder, the account is transferable only to the person(s) whose nomination has been filled by the account holder in the form at the time of opening the account. In case the account holder does not wish to nominate any person, any claim(s) made by any other person(s) on behalf of the account holder will not be entertained. The nominee claiming the balance in any account shall avail the balance only on submission of adequate identity proof and succession certificate to the respective showroom. In the event of any legal heir of the deceased claiming for redemption, the same shall be redeemed only upon production of all following documents:

    i. Death certificate of the deceased. ii. Survivorship certificate/Legal heir certificate. iii. NOC from other surviving legal heir for redemption. iv. Indemnity undertaking to indemnify PJRV from claims. v. Will (if any)

  • PJRV reserves the right to alter, amend, add or delete part or whole of the privileges of the Gold Scheme without prior notice to the customer(s).

  • PJRV is the sponsor of the Scheme and reserves the right to suspend the Scheme at any time. In such event, the customer may purchase any item except gold or silver coins at the PJRV Stores equal to the value of the grams accumulated in the account as on that date of redemption.

  • The liability of PJRV or its franchisee under the Scheme, is limited to the gold grams frozen in 24kt, by the account holders, under the terms and conditions of the Scheme and conditions laid thereon, and thus not lead to any other assurance or warranty whatsoever.

  • Any conditions which are explicitly not covered above would be the discretion of PJRV, at the time of transaction. The decision of PJRV in this regard would be deemed as irrevocable and final.

  • Disputes, if any, will be subject to the courts in New Delhi jurisdiction only, to the exclusion of any other court's jurisdiction.

  • In case of any change in existing laws, rules, acts, etc., by any regulatory authority, necessary requirements as per the same shall be complied with by the customer.