Monthly Scheme

1. Swarna Joyee Scheme is a monthly jewellery purchase scheme where in customers pay a fixed amount of money in consecutive 6/11 instalments to purchase jewellery. Venus Jewellers will give of joining a discount equivalent to the value of ½ / 1 instalment of monthly payment during purchase of jewellery from Venus Jewellers outlet on or after completion of 180/350 days from the date of joining the scheme and payment of 6/11 instalments by the buyer. The amount will be credited to the customer’s account maintained by Venus Jewellers and the instalment record book issued to the customers (as detailed hereunder) will be updated accordingly, abiding by the prevailing GST rules. In case the payment made by cheque / ecs will be entered in the customer’s record book on the day of receipt of the banking instrument, but will be credited to their account only after the instrument is encashed by the concerned bank and the effects have been credited to the bank account of Venus Jewellers.

2. Swarna Joyee scheme customers shall get 10% discount on making charges. Also this discount will be redeemed by these customers on every purchase through out the scheme period.

3. The offer is open to individuals only. To become eligible for the Venus Swarna Joyee scheme, the customer will have to fill-up an application form, enclosing photograph and any one of the below listed identity and address proof along with the first instalment of monthly payment. Once selected, the scheme cannot be converted into any other scheme existing or new which may be operated or implemented by Venus Jewellers time to time.

Stamp size photo Identity and Address proof Voter’s ID card. Pan card

Driving licence (laminated card) Aadhar card Gas connection receipt

Latest electric bill Latest telephone bill

the application form will have to be submitted to us along with the first money receipt.

4. Payment of monthly instalment(s) hereinafter referred as “Monthly payment” can be chosen by the customer in multiples of rs.500/- (rupees five hundred only) subject to a maximum of rs.25,000/- (rupees twenty five thousand only) per customer. This amount of monthly payment cannot be changed during the tenure of the scheme.

5. Closure date of any account under the scheme, which, in normal circumstances, will be on the expiry of 350 days from the date of opening of the account. However, in case of default in payment, the closure date will be extended by one month or more.

6. Immediately on completion of 180/350 days after opening of any account by the customers under Swarna Joyee Scheme and duly paying 6/11 instalments, it shall be the responsibility of the customers to choose their Gold / Silver / Real-stone ornaments value equivalent to 6.5/12 instalments and purchase the ornaments adjusting the instalments paid by them.

7. At the time of joining the scheme, each customer will be supplied with a ‘Gold ornaments instalment purchase record book’ which he/ she is required to carry/keep under his/her safe custody at all times. Customers should ensure that all monthly payments are correctly entered in the recordbook and any discrepancy should immediately be brought to the showroom authority for suitable rectification within 15 days of payment.

8.Monthly payment should be made by cash/ecs/cheque/rtgs/neft in favour of ‘Venus Jewellers’ at it’s only Showroom at Madhyamgram.

9. Outstation cheques will not be accepted.

10. The customer, if she or he so desires and is authorised by her or his bankers, may mandate a standing instruction to their bankers authorizing ecs amount for the monthly payment in favour of Venus Jewellers’, at the bank account details provided by Venus Jewellers on request of the customer. Transfers can be mandated on any date in each month.

11. “Enrollment date” here means the day on which customer’s first monthly payment is received at our cash counter.

12. The monthly payment should reach within the enrollment date, which is the “due date” of every month. However, a maximum of that particular month will be permitted as grace period for the payment to reach our showroom. Monthly payment reaching beyond this will be treated as default for that particular month and the maturity date will get postponed by one month or more.

13. Venus Jewellers is not liable to inform any customer about the bounced cheques, if any, and default thereof and it is the sole responsibility of the customer to ensure that the monthly payments are received within the ‘due date’.

14. An amount of Rs. 500/- (Rupees five hundred only) will be levied on the customer for any cheque that bounce or are returned unpaid from the bank for whatever reason.

15. Swarna Joyee instalment record book is the only document to identify the customers under the scheme, that is the bearer of the record book will be deemed as the owner of the same for the purpose of utilization of advance paid under the Swarna Joyee Scheme and hence the record book has to be signed and retained safely by the customer.

16. In case the record book is brought to the showroom by any other person who is not the customer, then Venus Jewellers shall not be responsible for the utilization or maturity/ closure proceeds being handed over to such bearer of the record book.

17. In case the record book is lost, the customer will have to inform the authority of Venus Jewellers in writing about the loss of the record book. Written application will have to be submitted for the issuance of a duplicate record book. However Venus Jewellers is not responsible for the utilization or maturity/closure proceeds being handed over to the bearer of the original record book irrespective of receipt of written application.

18. In the event that the first payment towards the monthly payment scheme is made by cheque and the bank returns the cheque unpaid, the scheme for the concerned customer shall stand withdrawn, cancelled, untill and unless the customer contacts the concerned authority of Venus Jewellers.

19. Customers must place an order for the purchase of jewellery under Swarna Joyee Scheme at least one month prior to the date of closure of the account.

20. Payment for all jewellery purchased under the scheme over and above the accumulated amount will be at the newspaper rate of gold declared and prevailing in Kolkata on the date of purchase and subject to actual weight of the jewellery, levy of making charges, GST, other taxes as may be applicable at the time of purchase of jewellery.

21. Payment should be made by account payee cheque/ draft/rtgs/neft and pan must mandatorily be produced by the customer, if purchase value of jewellery exceeds 2,00,000/- (Rupees of two lakhs only).

22. Closure of Swarna Joyee Scheme account of a customer will only be in favour of the customer who has to be physically present and sign on the record book and related documents and such signature must tally with the application form.

23. Bullion gold bars/ gold coins can not be purchased under Swarna Joyee Scheme.

24. Default in payment: payments made beyond grace period will be treated as default for that particular month and the customer’s eligibility for account closure will just get postponed by the number of defaulted months.

25. Foreclosure of the scheme shall not be permitted under normal circumstances. If a customer want to wind up before the scheme period, for reasons beyond their (her/his) control, she/he may approach the concerned authority of Venus Jewellers and apply for the foreclosure, clearly stating the reason in writing for same. Under these extraordinary circumstances, the customer may be permitted, at the discretion of the authority of Venus Jewellers, to wind up and close the account. If this ever happen, the customer will be allowed to purchase jewellery according to the amount she / he has accumulated till then. Such purchase will not be entitled to any discount since they did not complete the scheme tenure.

26. Under no circumstances, any refund of the instalment amount will be made.

27. Post-dated cheques shall be accepted.

28. No two offers can be clubbed and/or adjusted together.

29. Advance amount accumulated during the pendency of the Swarna Joyee scheme can be redeemed during any festive offer viz, Dhanteras, Noborsho Ut sav, Akshay Tritiya And Puja offer etc., But the accounts of the customers adjusted under Swarna Joyee Scheme during these period shall not be eligible for any offer or benefit in excess of what have been offered to them under the Swarna Joyee scheme.

30. Venus Jewellers reserves the right to alter, amend, add or delete any part or whole of the privileges of the scheme without any prior notice. Venus Jewellers reserves the right to suspend the scheme at any time without prior notice. In such case the customer may purchase any item in the showroom equal to the amount accumulated in the scheme till that day.

31. The liability of Venus Jewellers under the scheme is limited to the extent of instalments/ advances paid by the customer and the discount as per the scheme and condition laid thereon and thus does not lead to any assurance or warranty by Venus Jewellers. Any condition which is explicitly not covered above would be at the discretion of Venus Jewellers at the time of the transaction. The decision of Venus Jewellers would be deemed as irrevocable and final.

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

33. Disputes, if any, will be subject to Barasat jurisdiction only.