This Scheme shall be known as “Aisshpra’s Dream of Diamond Scheme” (hereinafter referred to as “the DOD”)
For the purpose of the Terms and Conditions of this Scheme, M/s. Hari Prasad Gopi Krishna Saraf Private Limited will be referred to as “the First Party” and the Customer shall be known as “the Account Holder”.
Only adult individuals can enrol in to the DOD. Minors are prohibited from this Scheme.
The Account Holder should ensure that all Original Receipts / Payment Vouchers are stored safely with him/her at all times. The Account Holder should verify that the payments made by him/her are correctly printed and any discrepancy should be immediately brought to the Store Manager’s notice, for suitable rectification.
In case of any change in contact and/or address details and/or bank details and/or any other details submitted by the Account Holder at the time of enrolment to the DOD, the Account Holder is required to intimate such change to the First Party within 7 (seven) days of such change alongwith the necessary documentary evidence of such change as may be required by the First Party. This information must also be provided on the Toll Free Number 1800 120 1299.
The maturity date shall be calculated according to the date of the first payment by the Account Holder.
The minimum instalment amount shall be INR5000/- or more in multiples of INR1000/-
The Account Holder should ask for a computerized Receipt / Payment Voucher, duly signed by the Store Manager / Cashier, from the Store where he/she is making the payment. Receipt for payment made by Automated Clearing House (“ACH”) / Cheque will be given only after clearance of payment.
Payment of monthly instalment(s) should be made by the Account Holder on or before the due date in the Store where the account is opened. Non MICR CHEQUES will not be accepted.
The Account Holder shall be provided with a grace period of 7 (seven) days in a month for payment of the instalment due. However, it must be clearly understood that in any case due date for the subsequent instalment will be calculated from the initial due date and not the date on which an instalment is actually paid. In the event the Account Holder fails to pay the instalment within the grace period, proportionate discount as offered herein shall be reduced by Rs.7/- per Rs.10,000/- of instalment for each day of delay calculated from the due date till the date of actual payment.
It shall be the responsibility of the Account Holder to pay the instalments as and when they fall due. Aisshpra Store or the First Party shall not be responsible or liable to send reminders for payments and to collect the same from the Account Holder.
No extra discounts shall be offered for prepayment of any instalment.
The maximum amount of discount will be equal the value of one instalment and shall be applicable only to the Account Holder who pays 10 monthly instalments on the due date and opts to redeem after 330 days of enrolment date.
The benefits applicable at the time of redemption are as hereunder:
| No. of Instalments Paid | Redemption days (from date of enrolment) | Discount benefit applicable (% of one instalment) |
|---|---|---|
| <6 | Before 360 days | 0% |
| 6 | 180 to 360 days | 35% |
| 7 | 210 to 360 days | 40% |
| 8 | 240 to 360 days | 50% |
| 9 | 270 to 360 days | 65% |
| 10 | 300 to 360 days | 75% |
| 10 | 330 to 360 days | 100% |
At the time of purchase of jewellery/redemption, the Account Holder has to personally come with all the original DOD Receipts and such ID proof as may be required by the First Party and execute the Account Closure Form, to effect the redemption of the instalments paid in the DOD.
DOD can be redeemed against purchase of diamond jewellery only which does not include Polki-Studded, Solitaires or Solitaire studded jewellery. All jewellery purchased under the DOD will be subject to the then prevailing gold rates, diamond rates, stone charges, labour charges, making charges, wastage charges and material charges. All statutory taxes/levies shall be as applicable at time of purchase.
The DOD account has to be closed at the end of the tenure or premature closure by purchase of diamond jewellery of a value equal to or higher than the total instalments paid and the applicable discount as per the Table above. No payment will be refunded and the account can be closed against purchases only. Partial purchase of jewellery and partial refund will not be permitted.
The Account Holder is mandatorily required to redeem his/her account before 361 days from the date of enrolment to the DOD. In case the Account Holder does not close his/her DOD account within this period, the total amount deposited by him/her against the DOD will be refunded directly to his/her bank account without the benefit of any discount available as specified hereinabove.
It is further clarified that the tenure of the DOD Account can under no circumstances be extended beyond 360 days from the date of commencement of the Account. In the event an Account Holder fails to pay any instalment(s) either through electronic mode or physically through cheque/draft, on account of any force majeure event, the discount scheme as provided in the table hereinabove shall be applicable on redemption.
The First Party may at its sole discretion offer a welcome bonus to the Account Holder at the time of opening a DOD account. This welcome bonus can be redeemed at the time of purchase of diamond jewellery provided the Account Holder has paid all his instalments and has completed the entire tenure of 330 days. However, if an Account Holder fails to make timely payment of 3 (three) consecutive instalments, such Account Holder will become ineligible for any welcome bonus. In such a case, any welcome bonus already credited to such defaulting Account Holder shall be reversed. No refund can be made against redemption of this bonus and the Account Holder should purchase Diamond Jewellery equal to or greater than the instalments paid by him plus applicable discount plus welcome bonus.
M/s. Hari Prasad Gopi Krishna Saraf Private Limited
CIN: U36999UP2003PTC028644
Registered Office: 51/2, Kasba Golaghat, Gorakhpur - 273001 (U.P.)