Save a little today. Wear gold forever.
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How it works
Four simple steps from enrolment to your dream jewellery
Why join the scheme?
A promise of value
Plan at a glance
Everything you need to know, clearly laid out
Instalment & Enrolment
Duration
11 months
Instalment
Fixed from month 1, cannot be changed
First payment
Due with enrolment form
Photo ID required
Driving licence, Passport, PAN, Ration or Voter Card
PAN requirement
Mandatory if aggregate cash ≥ ₹2,00,000
Minors
Guardian details mandatory; guardian redeems on maturity
Payment methods
Accepted modes
Cash, crossed cheque, debit card, net banking
Online
App, website, IMPS, NEFT, RTGS (quote Membership ID)
Int. card charge
Additional 2.5% applicable
Post-dated cheques
Accepted; outstation cheques not accepted
Passbook
Bring it every time you pay; collect your receipt
Missed payments
3+ consecutive misses may lead to membership closure
Redemption
Eligibility
After completing all 11 instalments
Window
Redeem within 13 months of maturity
OTP verification
Required from registered mobile at time of purchase
Purchase amount
Must equal or exceed accumulated amount/weight
Stone charges
100% applicable on all jewellery with stones
GST & charges
As applicable at time of billing
Charges & rates
Gold rate
Prevailing rate at time of billing/redemption
Making charges
Applicable on purchase above accumulated amount
Festival offers
Cannot be combined; choose scheme benefit or regular offer
Coin/bullion
Not permitted; jewellery purchases only
Plan switch
New plan starts fresh from switch date
Refund & pre-closure
We believe in transparency. Here's what to expect if plans change
No purchase within 13 months of maturity?
Your paid amount is refunded to your bank account after deducting 3% and the value of any enrolment offers availed.
Closing early?
A deduction of 5% applies on the total amount paid. The remaining balance can only be used against a purchase - no cash refunds.
3+ months unpaid?
Praveen Jewellers reserves the right to close the membership. Any amount paid adjusts only against a product purchase.
Ready to start saving?
Visit any Praveen Jewellers showroom to enrol today, or reach out to us for more information.
Enquire about the scheme
All scheme terms and conditions apply. Gold rates, making charges, and GST are applicable at prevailing rates at time of redemption. Praveen Jewellers reserves the right to modify or discontinue the scheme without prior notice.