GLIMMER FUTURE

GLIMMER FUTURE

Glimmer Future is for those who would rather deposit at once than save month by month. You make a single deposit, your gold rate gets locked on that day, and you have up to a year to choose your jewellery. With a making charge waiver of up to 25%, it also carries the highest benefit of all three Glimmer plans.

GLIMMER FUTURE

The rate that applies on the day you deposit is the rate that stays with you through your entire purchase. Whether you deposit cash, transfer online, or bring in physical gold, the rate is locked from that moment. So if gold prices rise between your deposit date and the day you walk in to shop, your locked rate means your money buys more than it would at the current price. That is the real advantage of depositing early.

Term Duration:

One-time deposit in cash, bank transfer, or physical gold. Purchase is permitted from 11 months after your deposit date and must be completed within 365 days of the scheme start date.

Benefits :

Gold rate locked on the date of deposit. Making charges fully waived on jewellery with charges up to 25%. For making charges above 25%, only 50% of the applicable charges apply.

Redemption :

Redeem towards gold jewellery or gold coins within your plan year. Closing the scheme before 11 months means forfeiting all plan benefits, including the making charge waiver.

TERMS & CONDITIONS

  1. Glimmer Future is a one-time deposit plan. The customer deposits a lump-sum amount on a chosen date, and the gold rate prevailing on that date is locked for the purpose of calculating the equivalent gold weight.
  2. Cash deposits are accepted up to a maximum of ₹2,00,000. Online transfers via NEFT, RTGS, UPI, or bank transfer have no upper limit. Physical gold may also be deposited under this plan with no restriction on quantity, at the rate prevailing on the date of deposit.
  3. As per government regulations, combining multiple accounts funded by cash is not permitted if the total cash paid across those accounts exceeds ₹1,99,000.
  4. Jewellery purchases are permitted only after the completion of 11 months from the date of deposit. All purchases must be completed within 365 days of the scheme start date. Accounts not redeemed within this period will be considered lapsed.
  5. The plan duration is fixed. No extensions will be granted under any circumstances.
  6. For jewellery with making charges of up to 25%, making charges are fully waived. For jewellery with making charges exceeding 25%, the customer will pay 50% of the total applicable making charges on the selected item.
  7. 916 HUID hallmarked gold jewellery and gold coins are eligible for purchase under this plan. Diamond, platinum, and other high-value jewellery are not eligible.
  8. Stone charges will apply as relevant to the jewellery selected.
  9. For jewellery exceeding the accumulated gold weight or value, Value Addition (VA) charges will apply to the excess.
  10. Jewellery customisation is not available under this plan. Selections must be made from in-stock items at the time of purchase.
  11. This plan cannot be combined with any ongoing promotional offers or discounts.
  12. Customers who close the plan before the 11-month period will forfeit all plan benefits, including the making charge waiver. The accumulated deposit amount may be used towards an immediate purchase without plan benefits.
  13. A payment receipt will be issued by Arabian Gold & Diamonds upon deposit. Customers must retain this receipt.
  14. For deposits made via Cheque, PDC, or UPI, receipts can be issued via WhatsApp (+91 98950 64916) or email (care@arabiangoldanddiamonds.in).
  15. In the event of an address change or loss of receipt, the company must be informed promptly. KYC documentation will be required to issue a replacement.
  16. No interest is provided on deposits made under this plan.
  17. Valid identification is required at account opening and at the time of purchase or redemption. Customer signatures will be verified upon jewellery delivery.
  18. Cash refunds are not permitted under any circumstances. GST will be applied as per prevailing government regulations.
  19. Arabian Gold & Diamonds reserves the right to modify, add, or remove any terms and conditions as deemed necessary.
  20. All disputes are subject to the jurisdiction of the Ernakulam High Court.