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Suvarna Sanchay Shubham Jewellers
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Terms & Privacy Policy | Shubham Jewellers

Terms & Privacy Policy

Please read these important terms before joining any scheme by Shubham Jewellers.

Last Updated: March 2026

Suvarna Sanchay — Monthly Gold Saving Plan

  1. Scheme Nature – Suvarna Sanchay is a gold saving plan where you book gold every month and must finally redeem it in the form of 22K HUID hallmarked jewellery only. The scheme is strictly non-refundable.
  2. Tenure & Instalments – The standard plan consists of 10 monthly instalments. Redemption is typically carried out in the 11th month after completion of all instalments.
  3. Gold Booking Rate – For each instalment, gold is booked at the prevailing gold rate on the date payment is received. Once booked, the rate for that instalment cannot be changed or re-booked.
  4. Type of Jewellery – Redemption is allowed only against 22K HUID hallmarked gold jewellery available at Shubham Jewellers.
  5. Making Charges & GST – At the time of redemption, the customer is required to pay:
    • Making charges at 7.99% on the jewellery value
    • Applicable GST as per government regulations
  6. Non-Refundable Scheme – Amounts paid under Suvarna Sanchay cannot be withdrawn as cash, transferred, or converted into any other scheme. The value must be used exclusively to purchase jewellery.
  7. Mode of Payment – Instalments may be paid via UPI, online bank transfer, or cash at the Shubham Jewellers showroom counter.
  8. Delayed / Missed Payments – Delays or missed instalments may impact scheme benefits as per internal policy. Customers are advised to contact the store for clarification.
  9. Offers & Clubbing – This scheme cannot be combined with any other offer, promotion, or discount unless explicitly permitted by Shubham Jewellers.
  10. Taxes & KYC – All applicable taxes, including GST, will be charged as per law. PAN, Aadhaar, or other KYC details may be required as mandated by government regulations.
  11. Data & Privacy – Personal information such as name, mobile number, and payment references is collected solely for scheme operation, communication, and legal compliance. Shubham Jewellers does not sell or misuse customer data and shares information only with authorized payment partners or government authorities when legally required.
  12. Store Contact – For any clarification or assistance, customers may contact Shubham Jewellers during working hours using official contact details available on the website or at the showroom.
  13. Right to Modify – Shubham Jewellers reserves the right to modify, pause, or discontinue the Suvarna Sanchay scheme or its benefits at any time. Any changes will not affect gold bookings already completed prior to the date of modification.

By enrolling in Suvarna Sanchay or using this application, you confirm that you have read, understood, and agreed to all the above terms and conditions.

Gold Daily Savings — Flexible Daily Gold Saving Plan

  1. Scheme Nature – Gold Daily Savings (GDS) is a flexible gold saving plan where customers save any amount at any time and accumulate gold grams at the prevailing market rate. The scheme is strictly non-refundable.
  2. No Fixed Tenure – Unlike monthly schemes, GDS has no fixed tenure or instalment schedule. Customers may add savings at their own convenience — daily, weekly, or as preferred.
  3. Gold Booking Rate – Each deposit books gold at the prevailing rate on the date and time the payment is received by Shubham Jewellers. Once booked, the rate for that deposit is final and cannot be revised.
  4. Purity Options – Customers may save in 22K, 20K, or 18K gold as selected at the time of account creation. The chosen purity applies to all deposits in that account.
  5. Redemption – Accumulated gold must be redeemed as HUID hallmarked gold jewellery of the selected purity available at Shubham Jewellers. Cash redemption is not permitted under any circumstances.
  6. Making Charges & GST – At the time of redemption, the customer is required to pay:
    • Making charges applicable to the jewellery selected
    • Applicable GST as per government regulations
  7. Minimum Deposit – There is no mandatory minimum deposit per transaction. However, Shubham Jewellers reserves the right to set a minimum amount for operational reasons.
  8. Mode of Payment – Deposits may be made via UPI, online bank transfer, or cash at the Shubham Jewellers showroom counter.
  9. Offers & Clubbing – GDS cannot be combined with any other offer, promotion, or discount unless explicitly permitted by Shubham Jewellers.
  10. Taxes & KYC – All applicable taxes, including GST, will be charged as per law. PAN, Aadhaar, or other KYC details may be required as mandated by government regulations.
  11. Data & Privacy – Personal information such as name, mobile number, and payment references is collected solely for scheme operation, communication, and legal compliance. Shubham Jewellers does not sell or misuse customer data and shares information only with authorized payment partners or government authorities when legally required.
  12. Store Contact – For any clarification or assistance, customers may contact Shubham Jewellers during working hours using official contact details available on the website or at the showroom.
  13. Right to Modify – Shubham Jewellers reserves the right to modify, pause, or discontinue the Gold Daily Savings scheme or its benefits at any time. Any changes will not affect gold bookings already completed prior to the date of modification.

By enrolling in Gold Daily Savings or using this application, you confirm that you have read, understood, and agreed to all the above terms and conditions.