LSK JEWELLEERS VYUSTI Scheme
The scheme period of 330 days will begin on the date of the first payment made. During this period, users can save in gold any number of times. On the 330th day from the date of enrolment, the scheme will mature.
Benefits:
Users will be eligible for benefits on the gold weight being saved in their account, as per the following slab system:
- First 75 days - 6% benefit
- Next 75 days – 2.5% benefit
- Next 75 days – 2.25% benefit
- Final 75 days - 0.75% benefit
- Final 30 days – 0% benefit. (but BENEFITS through rate as you pay every day for the last 30 days)
Please note that no benefits will be offered for payments made during the final 30 days of the scheme period (i.e. 301st day to 330th day). Benefits will only be offered if the User redeems their account after maturity; otherwise, the benefit of gold weight will not be offered.
Redemption
Saved gold weight can be redeemed and purchased as gold jewellery at LSK JEWELLEERS. Users must pay for any value-added charges such as wastage charges, making charges (for above 11.5% - V.A). Stone charges, and hallmark charges (Mandatory). Only the person whose name was used at the time of registration can redeem the scheme, and they must submit original identification proof such as Aadhaar, PAN, driving license, or voter ID at the time of redemption.
Refunds
The paid amount will not be refunded under any circumstances. This means that if the customer changes their mind after enrolling in the scheme, they will not be able to get a refund of the amount paid, instead purchase gold by paying V.A.
Compliance
The users will be required to submit their PAN / AADHAR as per the prevailing income tax regulations.
