Terms & Conditions
Scheme Purpose: The schemes are designed to facilitate advance payments for future jewellery purchases at RL Jewels.
Scheme Tenure: The scheme duration is 11 months, with jewellery purchase or settlement required by the 12th month (360 Days).
Missed Payments: Customers are allowed a 5-day grace period. After which, a penalty of ₹50 per day will be applicable, failing which the scheme benefits will be forfeited.
Maturity Date: The maturity date will be calculated based on the date of the last late instalment paid within the scheme period.
Jewellery Purchase: Advances can be used to purchase gold (24ct or 22ct), diamond (18ct), and silver from RL Jewels.
No Refunds: No refund requests will be processed; advances will only be adjusted against purchases without additional benefits.
Non-Compliance: Failure to complete the scheme within 365 days will result in forfeiture of benefits, and advances will only be adjusted against purchases without additional benefits.
Receipts: A receipt will be issued for every advance made, categorized as an advance payment.
Minimum Advance: Customers must pay a minimum of ₹1,000 per instalment.
Nominee Details: The scheme and its benefits are non-transferable; however, a nominee may be added. The nominee must provide valid identification for redemption.
Payment Mode: Advances can be made via Cash (up to ₹2 Lakhs), UPI, Bank Transfers, and cheque with proper identification required for compliance. If cheque bounces, ₹500 fee will be levied.
Scheme Modifications: RL Jewels reserves the right to modify & amend the scheme without prior notice.
Tax Compliance: All applicable taxes will be borne by the customer and calculated based on the final purchase value at the time of redemption.
Customer Responsibility: Customers must ensure timely payments and adherence to all terms to avail scheme benefits.
Record Maintenance: Customers are responsible for retaining their receipts as proof of payment for redemption purposes.
Communication Consent: By enrolling in the scheme, customers agree to receive communication from RL Jewels regarding the scheme via SMS, email, or phone calls.
Force Majeure: RL Jewels will not be held liable for delays or disruptions caused by events beyond its control, including but not limited to natural disasters, government restrictions, or technical issues.
Acknowledgment of Terms: By entering into the scheme, you acknowledge and agree to all the terms and conditions mentioned herein without exception.
Legal Jurisdiction: All disputes arising from the scheme will be subject to Jalgaon jurisdiction only.
Scheme Exclusivity : Scheme benefits cannot be combined with any other ongoing offers, promotions, or discounts unless explicitly mentioned by RL Jewels.
General FAQ's
RL Jewels’ savings schemes are designed to help you save systematically and purchase your dream jewelry while enjoying exclusive benefits like bonus savings or discounts on making charges.
- Scheme 1: Deposit a fixed amount monthly for 11 months, and in the 12th month, RL Jewels will reward you with one bonus deposit for free.
- Scheme 2: Deposit a fixed amount monthly for 11 months and enjoy a 50% discount on making charges when you buy jewelry in the 12th month.
The minimum deposit amount is ₹1,000 per month for both schemes.
No, timely deposits are mandatory to continue enjoying scheme benefits. A 7-day grace period is provided for missed payments. After this, a 2% penalty will be charged on the missed installment. If payments are not made, the scheme benefits will be forfeited.
If you miss multiple payments and fail to catch up within the allowed 7-day grace period, your scheme benefits will be forfeited. However, the amount already deposited till date will remain with RL Jewels and can be adjusted against a future jewelry purchase within 360 days.
You can purchase gold (22K or 24K), diamond (18K), or silver jewelry from RL Jewels.
No, the schemes are non-transferable. However, you can add a nominee to the scheme.
No, refunds are not allowed. The deposited amount can only be adjusted against jewelry purchases at RL Jewels.
No, these are savings schemes specifically for jewelry purchases and do not provide interest or cash returns.
You can make payments at any RL Jewels branch through cash (up to ₹2,00,000), UPI, Debit / Credit Cards, RTGS / IMPS / NEFT, Cheques / Post-Dated Cheques. Proper identification is required for compliance.
The discount applies to the making charges on your total jewelry purchase amount in the 12th month. For example, if the making charges are 10%, you will only pay 5%. (Up to 9% deduction only)
Yes, you can purchase jewelry of a higher value by paying the additional amount at the time of purchase. The 50% making charge discount will not apply to your entire purchase. For example, if you choose Rs. 5,000 as your monthly advance payment, the advance amount accumulated over the 11-month period will be Rs.55,000. If the selected jewellery value is Rs.1,12,000 the customer is eligible for 50% Discount on Making Charges (up-to 9%) on Rs.55,000 only and Making Charges as applicable will be payable on the balance amount of Rs.57,000 (1,12,000 – 55,000). Similarly, in the extra deposit scheme, customer will get Rs.60,000 and the balance amount will remain payable.
No, the 50% discount on making charges is applicable to a single purchase only.
If no purchase is made in the 12th month, the scheme benefits will be forfeited. However, the amount you saved be converted to gold as per the preceding gold rate of the day without any additional benefit and an invoice will be generated on behalf of the customer. The customer will remain liable for collecting the gold.
You will receive a receipt for each deposit. Keep these receipts safe as they will be required for redemption at the end of the scheme.