Terms and Conditions of the SuperGold

• To join this scheme, the customer must have completed 18 years of age.
• You can choose the amount you wish to save starting from Rs. 1000 and in multiples of 500 (e.g., 1000, 1500, 2000) and pay the respective amount to join.
• The chosen amount must be paid in 11 installments every month, and it should be done on or before the specified due dates.
• The scheme matures exactly on the 330th day from the date of joining, and the scheme must be redeemed within 35 days from the date of maturity.
• For each installment paid, the equivalent weight of gold as per the prevailing 22 karat gold price on the day of payment will be credited to your account.
• Upon completion of 330 days, customers can avail the following discounts on Value Addition (VA), including wastage and making charges:
  a)Gold Jewellery: 100% discount on wastage and making charges, up to 18%. If the total applicable VA exceeds 18%, the customer must pay the excess amount
  b)Diamond Jewellery: 75% discount on wastage and making charges, up to 18%. If the total applicable VA exceeds 18%, the customer must pay the excess amount
• For example, if the total wastage and making charges are 22%, the customer receives a 100% discount on 18% and must pay the remaining 4%.
• To avail the benefits of the mentioned scheme, all 11 monthly installments must be paid on the given installment dates, either on time or in advance, and the products must be purchased on the maturity date or after.
• Only if the following two sub-conditions are fully met, can the customer at least obtain the minimum benefits of the scheme on a percentage basis: a)A customer must have completed 11 months, that is 330 days, from the date of joining the scheme. b)At least 6 installment amounts must have been paid.
• Apart from the scheme benefits, the wastage and making charges which are suppose to be paid by the customer will be calculated at the current price at the time of redemption.
• As all installment amounts are credited as 22 karat gold on the payment date based on the prevailing gold price, any claim to change in the saved weight due to fluctuations in gold prices will not be accepted.
• Neither the management nor the employees will be responsible for any fluctuations in gold prices.
• If a customer decides not to continue with the scheme, after 90 days from the date of joining, they can obtain gold jewelry equivalent to the accumulated 22 karat gold weight, without any benefits of the scheme (Minimum lock-in period 90 days). The scheme cannot be terminated before this period.
• If the customer opts out for redemption without completing the installment or before the maturity date, the value of any gifts (if availed at the time of enrollment) will be deducted from the value of the scheme.
• Customers can only avail gold, diamond jewelry, and silver items available in branches under this scheme, and cannot order them.
• Under no circumstances can the installment amount paid be refunded in any manner; it can only be availed as gold, diamond jewelry, or silver items.
• When availing products against the scheme, customers must pay the Goods and Services Tax (GST) as imposed by the government.
• Customers must accept any stones, hallmarking, and other charges imposed on the selected products under this scheme.
• Customer can redeem the scheme in Thangamayil Jewellery's branches spread across Tamilnadu, by submitting the concerned redemption request for along with an Identity Card and Government issued aadhaar Card.
• The right to receive products is granted only to the person in whose name the scheme is registered. In case of the customer's demise, the nominee can claim the products upon submission of a death certificate issued by the Tamil Nadu government.
• Installments can be paid directly at any Thangamayil branch or via the Thangamayil's DigiGold mobile application or website (www.thangamayil.com). It is the customer's responsibility to confirm the payment by collection physical receipt and SMS.
• For any additional weight of products purchased beyond the accumulated weight, the customer must pay the amount for extra weight and making charge, wastage, and GST for the extra weight.
• Products equivalent to the accumulated 22 karat gold weight must be availed within 35 days from the maturity date of the scheme. Failure to do so will result in loosing scheme benefits completely.
• If there are any sales offers available at Thangamayil branches on the day of redemption, they cannot be utilized under this scheme.
• No changes can be made to the scheme's name, mobile number, and address under any circumstances. The OTP sent to the registered mobile number must be provided without fail when redeeming the scheme.
• If customer tends to pay the scheme amount in cash mode, solicit to pay in person at branch and get receipt. Else through the online mode. Requesting to avoid remittance through other persons or employees. In such cases, management will not hold responsibility.