GRT Jewels Golden Eleven Flexi Plan/Scheme & Pay Monthly Installment Online

Organization : GRT Jewellery Private Limited
Service Name : GRT Golden Eleven Flexi Plan/Scheme & Pay Monthly Installment Online

Website : https://www.grtjewels.com/
Pay Installment : http://www.grtjewels.com/customer/account/login/

What is GRT Golden Eleven Flexi Plan?

** GRT Golden Eleven Flexi Plan is a special scheme that has been exclusively created to help you plan and buy the jewellery that you always wanted to buy. All you have to do is fill in a simple form and join GRT Golden Eleven Flexi Plan.

Related / Similar Facility : Ministry of Finance Gold Monetisation Scheme

** On enrolling, you can select an amount of your choice as monthly advance payment. There are various slabs starting from Rs. 500 onwards. You will also get a pass book to keep track of your payments. All you have to do is pay eleven equal monthly advance payments.

** After making the advance payment for the last month, you can buy your favourite jewellery, except special items like Diamond, Platinum, Uncut Diamonds, Ruby, Emerald, Ethnic and Vintage Jewellery, Pooja items, Silver articles & Silver jewellery without wastage / Value addition (VA) charges.

** The customer can opt for either the value based or the gold weight based option. The customer is entitled to buy the jewellery on the 12th month and “if the member does not purchase jewellery within the 12th month from the date of enrolment”, the company may opt to refund the total advance amount paid without any benefit and the same will be sent directly to the member’s registered address by cheque or through bank transfer

Buy jewellery in eleven months:
** More benefit
** Short period
** With two options

FAQ On GRT Golden Eleven Flexi Plan

How do I pay monthly advance payment?:
Advance payments should reach GRT before the 10th of every month. Payments can be made by Cash / DD / Local Cheques / Post Dated Cheques (PDC) / At-par cheques / Electronic Clearing Service (ECS) and online (www.grtjewels.com). Outstation Cheques will not be accepted. You can give PDCs for the entire period for your convenience.

What if I don’t pay continuously?:
The advance payment cannot be extended beyond the 11 months period. The plan will be discontinued as per terms mentioned above in the event of any default in the monthly advance payments. Hence it is essential that you pay the advance payments continuously without fail.

In the event of the member not making any one advance payment during the tenure, the plan will be discontinued automatically from that month, and the member will not be entitled for ‘No Wastage (VA)’ as per the terms mentioned above.

What if I discontinue?:
Members who choose to discontinue within 7 months of enrolment will not be eligible for No Wastage (VA) on purchase. However if the member discontinues during 8th 9th & 10th month of enrolment, the member will be entitled to discount equal to 60% of Wastage (VA) value on the accumulated advance amount only.

Will there be VAT?:
Yes. VAT and any other Government levies will be borne by member at the time of delivery.

In what other ways can GRT Golden Eleven Flexi plan help me?:
As mentioned earlier, the GRT Golden Eleven Flexi Plan helps you get more jewellery than you could have expected. The GRT Golden Eleven Flexi Plan helps you plan in advance to buy jewellery for weddings and other auspicious occasions.

Will Wastage (VA) be charged on special items?:
Yes. Wastage (VA) will be charged on special items like Diamond, Platinum, Uncut Diamonds, Ruby, Emerald, Ethnic, Vintage Jewellery, Pooja items, Silver articles & Silver jewellery and other special items not included in this list. Precious stones / Semi-precious stones / Zircon / birth stones and other stone charges will be applicable.

What if the member does not purchase jewellery at the end of 12th month?:
If the member does not purchase jewellery at the end of 12th month from the date of enrollment the total advance amount paid by the member during the scheme will be refunded without any benefit directly by the company through a cheque or through bank transfer. The same will be delivered to the address provided in the membership form at the time of enrolling.

What if I buy jewellery exceeding my advance payment?:
Wastage will be charged on the excess amount. For instance, if you choose Rs. 5000 as your monthly advance payment, the advance amount accumulated over the 11 month period will be Rs. 55000. If the selected jewellery item’s value is Rs. 1,12,000, the member is eligible for ‘No Wastage (VA)’ on Rs. 55,000 only and wastage (VA) as applicable will be payable on the balance amount of Rs. 57,000.

Will cash be refunded?:
Cash will not be refunded under any circumstances, as per Government regulations.

Features of GRT Golden Eleven Flexi Plan

The GRT Golden Eleven Flexi Plan is a gold saving plan offered by GRT Jewellers. Under this plan, you can save money every month for a period of 11 months. After the 11th month, you can use the accumulated amount to purchase gold jewellery from any GRT showroom.

Here are some of the features of the GRT Golden Eleven Flexi Plan:
** You can start saving with a monthly instalment of as low as Rs. 500.
** You can choose the duration of the plan, which can be 11, 22, or 33 months.
** You can avail a loan against your accumulated savings.
** You can avail a discount on the purchase of gold jewellery.
** You can avail a free insurance policy on your accumulated savings.

The GRT Golden Eleven Flexi Plan is a convenient and affordable way to save for gold jewellery. It offers a number of benefits, such as low monthly instalments, loan facility, and discount on gold jewellery.