- In Swarnaudayam Fixed Plan, the date of first monthly advance shall be deemed as Enrolment date/date of joining.
- Multiple payments in a single month will not be accepted.
- A grace period of 07(Seven) days in case of default in monthly advance shall be permitted.
- If the member fails to make monthly instalment for 30 consecutive
days, they will not be eligible for the benefits attached to the fixed
plan and the membership will be terminated. The advance amount
paid by the customer before the termination of the membership
will be converted into store credit, and the customer can purchase
any jewellery against the store credit accumulated.
- Swarnaudayam Fixed Plan can be redeemed only at Sri Krishna Jewellers Inc Store/Trunk Shows/Private Shows within USA only.
Account Opening & Enrolment:
- Membership in the Swarnaudayam Fixed Plan is only open to Individuals. Memberships shall not be granted to Companies / Corporates / Entities / Trusts etc.
- A member can register at "https://www.swarnaudayam.com/usa/" to verify payments made & profile/account details.
In case of any discrepancy, please send an e-mail to “usa@swarnaudayam.com” highlighting
the discrepancy. Members must ensure to match the name as per the ID proof provided at the time of
membership.
- In case of any change in contact or address details, please email such changes to
usa@swarnaudayam.com
within 7 (seven) days from date of such change.
- Swarnaudayam shall be denominated and utilized/redeemed in USD only.
- The plan maturity date will be strictly defined to the date of first
monthly payment made by the member.
Monthly Payments:
- Member can pay monthly advances in the web portal or any of the Sri Krishna Jewellers Inc Store/Private Show/Trunk Show (USA only) to the concerned representative.
- Member should collect his/her duly computerized receipt, from Sri Krishna Jewellers Inc Store/Public Shows/Private Shows where he/she is paying her monthly advance.
- Member can also make the monthly advance payment through the web portal https://www.swarnaudayam.com/usa/ In Swarnaudayam Fixed Plan, monthly due date shall be one month from the instalment due date. (excluding the 07 days grace period)
- Payment of monthly advance should be made on or before 10th of every month by cash, card, online, bank transfers..
- The member shall be solely responsible to ensure that payments are
correctly transmitted to the company’s account. In case of any
payment failure, it shall be the member’s responsibility to take up
the matter with their Bank/service provider.
- Payment reminders shall be sent through email and Whatsapp.
Swarnaudayam Redemption:
- Upon maturity of the scheme, the member shall be physically
present for redemption, along with Government given ID proof
submitted at the time of enrolment..
- Partial redemption shall not be permitted under the Swarnaudayam
Fixed Plan. Credit Notes/Refund shall not be issued in full or part.
- In the event of any premature closure of the account by the member, i.e., before 11 advance payments or below 350 days, such member may purchase jewellery at the Sri Krishna Jewellers Inc Store/Private Show/Public Show (USA only) equal to the value of the monthly
amount accumulated in his/her account as on that day. However,
the member will not be eligible for customer loyalty bonus.
Other Terms & Conditions:
- In the event of demise of the account holder, the amount is
transferable by Sri Krishna Jewellers Inc only to the nominee(s)
whose nomination has been filled by the account holder at the
time of opening the account.
- Such nominee shall produce their Government approved Identity
and address proof towards any claim.
-
In case a nominee has not been nominated by the member, Sri Krishna Jewellers Inc shall transfer the benefits
only to the Legal heir of the deceased member, subject to production of the below mentioned documents:
- Death certificate of the deceased.
- Succession Certificate.
- NOC from other surviving legal heir for redemption.
- Indemnity undertaking to indemnify Sri Krishna Jewellers Inc from any future claims.
- Copy of Will (if any)
- Any other supporting documents as per law.
However, the decision of “Sri Krishna Jewellers Inc” shall be final on sufficiency of any document in
all such cases, and the same shall be binding upon the claimants.
- Sri Krishna Jewellers Inc reserves the right to alter, amend, add or
delete part or whole of the privileges of the Swarnaudayam without
prior notice to the account holder, as long as the same is not
detrimental to the interests of the account holder.
- Sri Krishna Jewellers Inc is the operator of Swarnaudayam and
reserves the right to suspend Swarnaudayam at any time. In any
such event, the account holder may purchase any item at the Sri
Krishna Jewellers Inc Store equal to the value of the advances
accumulated in his/her Swarnaudayam Fixed Plan account .
- The liability of Sri Krishna Jewellers Inc under Swarnaudayam is
limited to the extent of payments/advances paid by the account
holder(s) and the CUSTOMER LOYALTY BONUS, as per
Swarnaudayam and conditions contained herein, and thus does
not lead to any other assurance or warranty whatsoever by Sri
Krishna Jewellers Inc.
- Any conditions which are explicitly not covered above would be at
the discretion of Sri Krishna Jewellers Inc, at the time of
transaction/redemption. The decision of Sri Krishna Jewellers Inc in
this regard would be deemed as irrevocable and final.
- Disputes if any, will be subject to the Courts in TEXAS Jurisdiction only,
to the exclusion of any other Court's jurisdiction.
- In case of any change in existing laws, rules, Acts, etc. by any
regulatory authority, Sri Krishna Jewellers Inc reserve its right to
make such modifications/change/suspend/discontinue
Swarnaudayam suitable to the change of law and necessary
requirements as per the such Law have to be complied with by the
account holder
