UNIQUE BENEFIT

·         Book Gold, Silver, Diamond and Platinum rates as you pay your instalments. Coins, Bullion exempted.

·         Buy at “averaged” rates.

·         Facility to switch over to cash benefit and buy at current rates at the time of maturity.

ELIGIBILITY AND INHERITANCE

Any individual (18 years and above) / Company / Sole Proprietorship / Partnership Firm. Minors may also be enrolled through his / her guardians/ nominees. Persons may also nominate another individual who may utilise the gold / diamond / silver / platinum at credit or continue the savings plan or utilise the total quantity accrued at the end of the period. In the event of death of the individual, the nominee shall produce the Identification Card, and all receipts of payments made, before being able to utilise the quantity available in his/her/their account.

MISSED PAYMENTS DO NOT EXTEND YOUR MATURITY.

DATES OF SUBSEQUENT INSTALLMENTS, PAYMENTS, DEFAULTS & BENEFITS

Your payment is due every month on the same date of starting of your plan. You are however allowed up to 7 calendar days delay in making subsequent payments. In case you fail to make your payment within 7 calendar days of your due date, the payment will be accepted only as late payment, and no additional benefit (cash or metal quantity weight) will not accrue to such late payments. Further the additional discount voucher also will not be issued for irregular payments. You are therefore advised to make payments on time, in order to derive benefits. However, all instalments must be paid before closer of plan.

Note: In case you send the payment by mail/courier ensure to write your name and membership number behind the instruments/cheques/DD’s. Postal & courier delays will not be the responsibility of C. Krishniah Chetty Group of Jewellers. Staple your Cheques/DDs to your covering letters.

Important Note:

Amount per instalment may be increased at any time in subsequent instalments.

MODE OF PAYMENT & OBTAINING RECEIPTS

Pay by Post-Dated Cheques, Cash, Credit Card, on-line using your Credit Card or Debit Card. Payments can be made by Cash, Post-dated cheques, Online, Demand Draft or Credit Card. Cheques are also accepted by the Company subject to realisation. You may also make part or all instalments by Post-dated cheques, given to the Company in advance. Cheques and Demand Drafts should be drawn in favour of “C. Krishniah Chetty & Sons (P) Ltd. for the Gold Standard 1869” or “C. Krishniah Chetty Jewellers (P) Ltd. for The Gold Advantage Advance Purchase Plan” you will receive receipts for all payments made at the time of making the payments. Post-dated cheques ensure your payments are not delayed.

Note: For Post-Dated Cheques the rate applied will be on the due date, irrespective of date of cheque provided the cheque date is within 7 days due date of instalment.

Please Note: As per Reserve Bank guidelines OTP generates while making payment through cards. Please keep the OTP ready before making payment.

TRANSACTION TIMINGS

On completion of all instalments, you are free to utilise the quantities at credit in your account and accrued to buy from the entire range of jewellery, silverware, diamond and platinum jewellery available at our showrooms during the regular working hours. Except Coins and Bullions. You are advised to start shopping at least 30 minutes before closing time. Timings will be strictly followed by the Company. Each of our showrooms may have certain products only.

TOTAL VALUE OF THE TRANSACTION ON MATURITY

Where the value of the item chosen by you exceeds the amount or quantity at your credit then this balance must be paid by you in cash or credit card and rates will be as per C. Krishniah Chetty Group of Jewellers normal terms of business. It is however to be noted that the value of the items chosen by you shall not be less than the amount or quantity at your credit. No cash will be returned. You may however keep the amount in your account and use the same at future date, if you please. Separate receipts/credit notes will be issued in such cases. (Coins/bullion bars may not be purchased using your averaged rate benefit under the plan.)

Note: All monies must be used within 365 days from start of plan.

All jewellery sold at normal prices. Gemstones, labour, manufacturing losses, taxes, etc., payable extra.

CUSTOM ORDERS

In the event you desire to place special custom orders for any particular items you may do so, subject to the possibility of manufacturing of the item and the time consumed for such manufacture and such process. Orders will be billed and delivered only after maturity of the instalment under the plan.

BARTER

Bartering gold / silver / diamonds / platinum is possible as per C. Krishniah Chetty Group of Jewellers normal terms of business.

CUSTOM ORDERS - RATES

Custom orders may be placed prior to maturity date in anticipation of maturity values and dates. Rates for order billed before maturity date will be as per C. Krishniah Chetty Group of Jewellers normal order rates and not The Gold Standard 1869™ or The Gold Advantage Advance Purchase Plan™ rates.

{All other Terms and Conditions as applicable to all orders will apply to The Gold Standard 1869™and The Gold Advantage Advance Purchase Plan™ (GAAP) members}.

IMPORTANCE OF IDENTITY CARD AND RECEIPTS

Please note that the amounts at your credit can be availed by the member only on production of your Identity Card after successful enrolment and all receipts issued to you during the plan period. You are strongly advised to bring your Identity card and fill the “Enrolment Form” and subsequent “Instalment Payment Form” every time you make a deposit to ensure that your amount is accurately credited.

Note :

In case you send the payment by mail/courier ensure to write your name and membership number behind the instruments/cheques/DD’s. Postal & courier delays will not be the responsibility of C. Krishniah Chetty Group of Jewellers.

Staple your Cheques/DDs to your covering letters.

TAXES AND OTHER LEVIES

All taxes, surcharges and levies as at the time of sale (or at the time of delivery in case of orders) will be applicable.

ENCASHMENT DATE

You become eligible to take delivery of an order or purchase jewellery or silverware only on the completion of one calendar month after the date of all payments, i.e. on maturity only.

CANCELLATION / REFUND POLICY:

Premature withdrawal from the plan or stopping of further instalments before completion of the plan will not be entitled for any additional benefit under the plan. Amounts paid until such date can be offset with purchase of jewellery or order.

No cash will be refunded in any event.

You give to the company an indemnity that in the event your receipts are LOST, the company shall not be held responsible.

You are requested to inform the company in writing immediately on the loss of your Identity Card and or receipts. You may be required to preserve your receipts separately from your Identity Cards. A duplicate card will be issued by the company at a cost of Rs.50/-

C. Krishniah Chetty Group of Jewellers can block encashment on written request.

 

GENERAL GUIDELINES

·         Reminders may be given by a Telephone Call / SMS / Emails, where cell numbers / Email addresses are furnished. This is a service and failure to receive such intimation shall not be a reason for delayed payment.

·         Reminders may be sent 7 days before due date. Non-receipt of reminders shall not be reason for delayed payments.

·         C. Krishniah Chetty Group of Jewellers reserves the right to alter, amend, add or delete part or whole of the terms, conditions and privileges of the plan without prior notice. Subject to rules and regulations and laws in operation in India from time to time.

·         The decision of the Management of C. Krishniah Chetty Group of Jewellers shall be final and binding on all participants of this plan with regard to any of the matters relating to the plan.

·         C. Krishniah Chetty Group of Jewellers is the sponsor of the plan and reserves the right to suspend / cancel / amend the plan at any time. In such an event you may purchase any item for sale in the showroom equal to the value of money accumulated as on that date.

·         You may club amounts or weights from multiple plans to purchase an ornament. (Provided the plans are enrolled in same name) The amounts may be used to buy gemstones and gift articles too.

·         Get additional “Birthday Gift Benefit” on your Birthday! Additional benefits are automatically applied to the instalment paid during the month of your Birthday! Enjoy higher benefit on higher instalment amount paid on your special day!

·         Only one active promotion can be redeemed per transaction, in addition to cash or quantity benefits, if applicable.

·         Cash or Quantity benefit between 9% to 12% per annum rates are subject to change. Benefits remain unchanged as at the time of enrolment.

·         NEW! New enrolment can be done for 3,6,9 and 11 Months plan or Onetime payment also can be done.

·         NEW! Plan extension is allowed from 3 to 6, 9 up to 11 months, Onetime payment plan extension is not allowed.

·         NEW! Instalments can be paid through a payment link sent via WhatsApp to your registered mobile number. Plan extensions can also be done online or through the same WhatsApp payment link.

·         NEW! Delayed Payments do not get benefits or rate blocking facility. Amounts will be available for use as paid.

·         NEW! All instalments must be paid before utilisation of monies to get benefits on maturity.

·         There are no prizes or draws related to The Gold Standard 1869™ (GSTD) or The Gold Advantage Advance Purchase Plan (GAAP) The Rate Protection Plan™.

·         Please do not divulge your Login/Password at any time for on-line transaction.

·         We will not ask for your login id and password at any time.

·         Average Rates will not apply to diamond, solitaires- however cash purchase may be availed.

·         Disputes, if any, are subject to the jurisdiction of the courts in Bengaluru.

 

LIVE CASE EXAMPLES*

% OF GAIN IN QUANTITY OF GOLD JEWELLERY PURCHASED OVER THE LAST 11 MONTH PERIOD

LIVE CASE EXAMPLES YEAR 2024*

% OF GAIN IN QUANTITY OF GOLD JEWELLERY PURCHASED OVER THE LAST 11 MONTH PERIOD

LIVE CASE EXAMPLE*
Percentage of gain (loss) in quantity of gold jewellery purchased over the last 11 months period
Instalment month	Instalment Amount	Birthday benefit 12%Yearly for the Birthday Month	Qty Additional Benefit @10% per annum	Gold Rate 22 Kt per gram applied at	Accrued	Cash Benefit 10% Yearly
					Gold Wt credited with Birthday Benefit
Jan-24	20,000		1,833.33	5,820	3.751	1,833.33
Feb-24	20,000		1,666.67	5,800	3.736	1,666.67
Mar-24	20,000		1,500	6,034.99	3.563	1,500
Apr-24	20,000		1,333.33	6,446.01	3.31	1,333.33
May-24	20,000		1,166.67	6,642.01	3.187	1,166.67
Jun-24	20,000		1,000	6,790	3.093	1,000
Jul-24	20,000		833.33	6,766	3.079	833.33
Aug-24	20,000		666.67	6,340	3.26	666.67
Sep-24	20,000		500	6,715.01	3.053	500
Oct-24	20,000	200	533.33	7,089.89	2.896	533.33
Nov-24	20,000		166.67	7,355	2.742	166.67
Total	Rs.2,20,000		Rs.11,200		35.670 Grams	Rs.11,200

 

Settled on normal gold rate per gram (Rs)	Rs. 7,425
Weighted average rate applied	Rs. 6,167.65
Under weighted avgerge rate benefit	Rs. 42,850
Under cash benefit	Rs. 11,200

 

For all on time instalment payments, Rs.11,000 worth Discount vouchers (with multiplier condition) is issued. 

Note: If gold rate on billing date is lower than 'averaged', option to switch to "Cash Benefit" is available.

 EXAMPLE :

Year	Pair of Bangles		Normal Price Gold 22kt Rate Per Gram ?	Rate Protection Plan Average Rate  ?	Rate Protection Plan Price ?	Savings ?
	Gross Weight (Gram)	Net Weight (Gram)
2024	41.75	41.01	7,130.00	6,618.77	3,34,860	21,000
2023	41.75	41.01	5140.01	4,491.81	2,48,030	16,350
2022	41.75	41.01	4,490.99	4,204.57	2,26,220	7,220
2021	41.75	41.01	4,425.91	4,399.91	2,24,590	5,750
2020	41.75	41.01	3,822.01	3,022.88	1,81,390	20,160

 

Past 5 years " Average Rate" Gold Rate Per Gram
Year	Month	11 Months Average rate Per Gram (Rs)
2020	Feb-Dec	4399.91
2021	Feb-Dec	4204.57
2022	Feb-Dec	4722.72
2023	Feb-Dec	4491.81
2024	Feb-Dec	6618.27

 

DISCLAIMER:

 *Live Case Example taken from past date Past performance is not an indication of future performance.

Gold, silver, diamonds and platinum rates are subject to market fluctuations.

Subject to terms and conditions of operation, issued separately and on www.ckcjewellers.com

*22kt Gold rates: Jan 2010 Avg - Rs. 1441.24 per gm. Jan 2016 Avg - Rs. 2366.79 per gm.

Other normal charges are applicable.

Below remains same.

Family Income per annum	Family Income per month	Recommended Systematic Instalments per year	Recommended Systematic Instalments per month
3 lakhs	25,000/-	11,250/-	900/-
6 lakhs	50,000/-	22,500/-	1,875/-
12 lakhs	1,00,000/-	45,000/-	3,750/-
24 lakhs	2,00,000/-	90,000/-	7,500/-
36 lakhs	3,00,000/-	1,35,000/-	11,250/-
60 lakhs	5,00,000/-	4,50,000/-	37,500/-
1.2 crore	10,00,000/-	9,00,000/-	75,000/-
1.8 crore	15,00,000/-	13,50,000/-	1,12,500/-
2.4 crore	20,00,000/-	18,00,000/-	1,50,000/-

 

ONE MONTH FREE OR AVERAGE RATE BENEFIT?

SEE THE REAL ADVANTAGE!

Authentic Client Ref: Mrs. Ramesh

Rate Protection Membership No. ***7108

Enrolled on 07.01.2024

Redeemed on 14.12.2024

Product: Gold Chain

Accumulated amount: Rs 1,10,000

Average monthly investment: Rs 10,000

Benefit on average rate: Rs 996.12/- per gramme

Benefit on gold rate & Rate Protection Plan additional 10%* benefit: 17.904gm @ Rs 996.12 = Rs 17834.53.

Fact: Benefit on gold rate only: 11565.08 its more than one month instalment (Rs 10,000/-)

Additional 10% benefit: Rs. 6339/-

 

Finally, C. Krishniah Chetty’s Signature Rate Protection Plan gives you Rs 11,565.08 plus Rs 6,339 = Rs 17,904/- more than any other savings plan in market which gives only one month bonus.

*Note: *Cash or quantity benefit between 9% to 12% per annum rates are subject to change as applicable at time of enrolment. Benefits remain unchanged as at the time of enrolment for all on-time instalment payments.

 

Disclaimer – Past record is no indication of the future, and the amount of money saved will depend on the kind of jewellery you purchase. 

Products tagged as same day shipping will be shipped on the day on which order is received, if the order placed before the cut off time of 12:00 pm. Order placed after cutoff time, on Sundays and National holidays will be shipped on next working day.

Need help? Think we could have done something better?

We are listening and happy to do what we can to improve. Please let us know by email to Ecomm@ckcjewellers.com & elt@ckcjewellers.com

C. Krishniah Chetty Jewellers offers a Lifetime Exchange Policy for general products.

C. Krishniah Chetty Jewelers is 150 years old company. Hence the great deal of merchandise has been sold/exchanged/bought back over the decades. We offer a Lifetime Exchange/Upgrade Policy on all gold, platinum, diamonds & silver purchases made from C. Krishniah Chetty Jewellers, within India. If the product, along with diamonds and gemstones, if any, is intact, you may return it for the current value of gold, platinum, diamonds & silver. There is no value given for gemstones in normal course. This means your product's current value of gold, diamonds, silver, platinum will be determined based on product specifications and the current selling price of similar goods/quality grades/purities at C. Krishniah Chetty Jewellers. Essentially you will receive the same value for the goods as if you would buy on the date of your exchange for the value of gold, silver, platinum and diamonds. Labour or making charges, other gemstones, other materials used if any, wastage charges, taxes, duties, packing shipping & forwarding costs if paid separately will not be accounted for in exchange value. Note: If you had received a discount or a free gift while making your purchase, we will deduct the original discount amount or free gift value, whichever applicable, if the exchange is within 365 days from the date of purchase. If the exchange is over 365 days from the date of purchase free gift value will not be deducted.

You will be given a Gift Voucher with unique number for this exchange value which remains valid for 12 months and can be used for future purchases from C. Krishniah Chetty Jewellers. Please note that this voucher cannot be exchanged for cash

We offer the Lifetime Exchange Policy on orders within India only in Indian currency only.

Exceptional Products Lifetime Exchange/Buyback Policy

C. Krishniah Chetty Jewelers at times offer exceptional gemstones of high value. Such expensive rare high value gemstone/goods will be exchanged or offered for buyback on a case to case basis and may not fall under the general lifetime exchange/buyback policy.

General Products Lifetime Buyback Policy

C. Krishniah Chetty Jewelers is 150 years old company. Hence the great deal of merchandise has been sold over the decades. Hence our buyback policies will be based on the exact nature of the products. Please contact us by email Ecomm@ckcjewellers.com along with photographs and any description of the product that you can provide we will give you our buyback price. If we wish to physically view the products we will intimate you accordingly. Generally speaking for products of 1 - 5 years old will be valued for buyback based on current prices of similar quality/grade/purity, condition less a purchase commission. Older products will need independent assessment product by product.