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Future Asset Plan

Future Asset Plan is one of the best Jewellery purchase plan. Simha Jewellers offers you to purchase Jewellery through advance payment. Under this plan Customer can start saving within a minimum of Rs. 5000 for 10 months and customer will be entitled to a 10% bonus contribution from SImha Jeweller for the total amount paid by customer over the period of 10 months . Please refer to example below. ( Note : Customers can opt to open more than one account . Once you choose the plan for fixed amount same has to be paid every month on same on of before same date)

Gold Sparana Plan

The Gold Sparana Plan is a jewellery purchase plan which offers you to buy your favourite jewellery from us. Under this plan, you are eligible to buy for more than what you pay as you will secure your gold purchase and get the benefit of buying gold on a monthly basis for a period of 10 months. The minimum monthly installment you can start with is Rs. 3,000, the customer will be eligible for no making upto 10% on any of your selected jewellery. The Gold Sparana Plan allows you to plan for your or any other special occasions in advance.

Monthly Installments Total Installments after completion of 10 months Simha’s Contribution one Month as add on benefit Grab Jewellery Worth below amount
3,000/- 30,000/- 3,000/- 33,000/-
5,000/- 50,000/- 5,000/- 55,000/-
10,000/- 1,00,000/- 10,000/- 1,10,000/-
Sl. No. Rate per gram Amount Gold (22kt)
1 5800/- ₹ 10,000/- 1.784 g
2 5908/- ₹ 10,000/- 1.692 g
3 5850/- ₹ 10,000/- 1.709 g
4 5708/- ₹ 10,000/- 1.751 g
5 5828/- ₹ 10,000/- 1.715 g
6 5688/- ₹ 10,000/- 1.758 g
7 6008/- ₹ 10,000/- 1.664 g
8 6150/- ₹ 10,000/- 1.623 g
9 6028/- ₹ 10,000/- 1.658 g
10 6238/- ₹ 10,000/- 1.603 g
Total ₹ 1,00,000/- 16.897 g

(Average Value = 5918/- Per Gram, Rate Benefit)

How it works ?

  1. The applicant will be enrolled through a prescribed application KYC form is Required.
  2. The applicant can select a certain amount of their choice as an advance monthly payment that starts from ₹ 3,000/. A membership card will be issued to keep track of all payments record.
  3. After 10 months, you can purchase Gold, Diamond, Platinum, and Silver.
  4. Payment above ₹ 99,990/- in 10 months should compulsorily share PAN card as per Government Rules.
  5. Cash deposits above ₹ 1,90,000/- is not allowed (Max ₹ 19,000/- per month).
  6. GST will be applicable while closing.

Terms & Conditions

  1. The Future Saving Plan is for a period of 10 months.

  2. Only an individual is eligible to enroll in the plan.

  3. The minimum monthly installment the applicant can start the plan is from ₹3,000.

  4. The applicant enrolled for the plan through the prescribed application form along with the first installment will be issued a membership card for reference of all the future transactions.

  5. Monthly installment will be accepted only after a period of 30 days from the previous installments.

  6. The applicant will be issued a membership card to keep track of payments. The customer should produce the membership card when the installment is paid. Please ensure that all payments are correctly entered in the membership card. In case of any discrepancies in the entries, it should be brought to the notice of the management to be rectified immediately. Receipts will be issued for all payments made. Any online payments should be shared on WhatsApp or mail ID of Simha.

  7. Purchase of Gold and Silver bullion is not applicable for this plan & cannot be clubbed with other offers.

  8. In case of a lost or misplaced card, immediately inform the management to avoid any misuse. A formal missing letter needs to be submitted to the management. A duplicate card will be issued after verifying an ID card (Aadhaar Card or any government-issued ID) 30 days after submission of documents.

  9. The amount deposited by the applicant will not be refunded under any circumstances.

  10. On payment of monthly installment accordingly for 10 months, the applicant will be eligible to purchase gold jewellery for the accumulated amount along with 10% Simha Jewellers Bonus after completion of 30 days from the date of payment of the last installment (i.e., 11th month).

  11. The applicant’s signature should fully match with the applicant’s signature in the application form signed at the time of enrollment.

  12. PAN Card & an original photo ID along with address proof is mandatory for joining.

  13. Payments are accepted in cash, Cheque, RTGS, NEFT & E-Wallets. Credit & Debit Cards are not accepted.

  14. In case of any unavoidable circumstances, if the customer wants to discontinue the scheme, a refund will be provided to the customer for the total amount paid till date through RTGS only. No interest or gold rate difference will be entertained.

  15. All government taxes will be extra as applicable at the time of billing.

  16. Terms and Conditions can be altered or modified at the sole discretion of the management of Simha Jewellers Pvt. Ltd. without any prior notice.

  17. All disputes are subject to Bengaluru jurisdictions only.

Terms & Conditions

  1. THE GOLD SPARANA PLAN is a plan for a period of 10 months.
  2. The minimum monthly installment starts from ₹3,000 & in multiples of ₹1,000.
  3. As you pay the installment every month, gold quantity (22kt purity) will be accumulated as per the payments date value in grams to the applicant’s account.
  4. On payment of monthly installment for continuous 10 months, the applicant will be eligible to buy gold jewellery equivalent to the quantity (22kt purity) of the gold accumulated after completion of 30 days from the date of the last installment. But if the jewellery purchased has a wastage that exceeds 10%, the difference in wastage will be paid by the customer.
  5. In case of purchase exceeding the total weight accumulated in the plan, the extra weight of jewellery purchased will be charged with wastage plus making charges depending upon the item selected.
  6. The first installment should be paid along with the application form. Monthly installment should be paid on every month, to enjoy the benefit of the scheme.
  7. This offer cannot be clubbed with any other offers.
  8. The applicant will be issued a membership card to keep track of payments. The customer should produce the membership card when the installment is paid. Please ensure that all payments are correctly entered in the membership card. In case of any discrepancies in the entries, it should be brought to the notice of the management and to be rectified immediately. Receipts will be issued for all payment made. Any online payments should be shared on WhatsApp or mail ID of Simha.
  9. In case of lost or misplaced card, immediately inform the management to avoid any misuse, and a formal missing letter needs to be submitted to the management. A duplicate card will be issued post verifying an ID card (Aadhaar Card or any government-issued ID) after 30 days of submission of all the documents.

  10. This plan is not applicable for Silver & Gold bullion.

  11. Cash will not be refunded under any circumstances.

  12. Only an individual is eligible to join the plan.

  13. Payments can be made through cash or any online mode of payment such as Google Pay / Phone Pay / RTGS & NEFT Cheque.
    Credit & Debit Card not accepted.

  14. Government taxes will be extra as applicable at the time of billing.

  15. The applicant will be entitled to buy jewellery only after 30 days from the date of payment of the last installment or on completion of 11 months from the date of joining.

  16. Members should bring ID proof & address proof at the time of jewellery purchase and the signature should fully match with the applicant’s signature in the prescribed application form signed at the time of joining the plan.

  17. In case of any unavoidable circumstances, if the customer wants to discontinue the scheme, a refund will be provided to the customer for the total amount paid till date through RTGS only. No interest or gold rate difference will be entertained.

  18. Under this plan, the terms and conditions can be altered or modified at the sole discretion of the management of Simha Jewellers Pvt. Ltd.

  19. All disputes are subject to Bangalore jurisdiction only.