1. The monthly advance against purchase of jewellery must be equal and paid continuously for eleven months. The advance payment cannot be extended beyond 11th month and is not transferable under any circumstances.

2. On completion of eleven months from the date of enrolment, the customer will be eligible to purchase the selected jewellery with No Wastage (VA) Upto 18% on accumulated value under the plan (or) get 50% Discount on wastage (VA) on any jewellery with Wastage (VA) upto 18% for the weight accumulated under the plan. However, if the customer wishes to purchase diamond jewellery, platinum jewellery, silver articles or silver jewellery, the customer will be eligible for the benefits as listed in the benefits table.

4. The monthly advance against purchase of jewellery must be paid within the 10th of every month. The advance amounts paid will not be eligible for any interest.

5. Monthly Advance of any amount over and above Rs. 17,000/- Per Month will not be accepted in cash and must be paid by way of UPI/DD/Debit Cards /Credit Cards/NEFT/RTGS/Local Cheques/PDC Cheques. As per government regulations, a customer cannot combine multiple accounts if those account are paid up by cash and the total of the combined accounts cash payments exceed Rs. 1,99,000.

6. Customers will have to bring the customer receipt book every month while paying the advance amount and should be surrendered at the time of purchase of jewellery.

7. Customers who choose to discontinue within 5 months of enrollment will not be eligible for any benefit/discount on wastage (VA) and can only redeem to the extent of accumulated weight / value under the plan, by paying 100% wastage (VA).

8. If you choose to discontinue in the 6th month, you can still receive a 50% value based discount on wastage and a 25% weight based discount on wastage. In the 7th month, you will be eligible for a 60% value based discount on wastage and a 30% weight based discount on wastage. If you end the plan in the 8th month, you can avail a 70% value based discount on wastage and a 35% weight based discount on wastage. In the 9th month, you can get an 80% value based discount on wastage and a 40% weight based discount on wastage. Finally, if you discontinue the plan after 10 months, you can receive a full 100% value based discount on wastage and a 50% weight based discount on wastage. (No Wastage (VA) Upto 18% for Value Option or 50% Discount on Wastage (VA) on any jewellery with Wastage (VA) upto 18% for Weight Option). This information is also given in the table as below:

The members will be eligible to choose whichever option is beneficial to them at the time of redemption.

9. If the customer redeems during 10th month, the member will be entitled to 100% discount on No Wastage (VA) Upto 18% on accumulated value under the plan (or) get 50% Discount on wastage (VA) on any jewellery with Wastage (VA) upto 18% for the weight accumulated under the plan

10. KYC is compulsory to enrol in the plan, in case of change in address or loss of customer receipt book, the customer should inform the company immediately and apply for a new customer receipt book with KYC details.

11. The customer may appoint a nominee on submission of KYC details for both self and the nominee Guardian will sign and will also be the nominee, in case of minors.

12. Payments of monthly advance against purchase of jewellery beyond the stipulated period or payment for more than one month will not be allowed.

13. The advance against purchase of jewellery can be paid & customer can take delivery of selected jewellery at any GRT Jewellers showroom in India.

14. Advance payments should reach GRT before the 10th of every month. Payments can be made by Cash/UPI/DD/Debit cards / Credit cards/NEFT/RTGS/Local Cheques/Post-dated Cheques (PDC) At-par cheques Outstation cheques will not be accepted. You can give PDCs for the entire period at your convenience. However, cash payment cannot be made for more than Rs.1,99,000 as per Government of India regulations. in case of cheque dishonor, the bank charges will be borne by the customers. The payment can be made at any GRT Jewellers showroom in India or online www.grtjewels.com or by downloading the GRT Jewellers mobile app.

15. Balance advance amount, if any, will not be refunded in cash and can only be adjusted on purchase of Gold/Silver coins.

19. When the customer purchases jewellery in excess of accumulated weight/amount, the wastage (VA) as applicable will be borne by the customer for the excess weight /amount.

20. GST & any other Government levies at the time of purchase / delivery for all sales transactions will be borne by the customer.

22. Company at its sole discretion can alter, amend, modify, add or delete any of the terms and conditions from time to time.

23. All disputes are subject to the jurisdiction of the competent court in Chennai.