Savings Plan

Muhurtha Vairam – Diamond buying made easy!

Looking for an easy, smart or convenient way to own the jewellery you love? Explore EF-IF’s “Muhurtha Vairam” Diamond Jewellery Savings Plan right away!

Get your wish-list ready, for affordable jewellery is now within your reach.

 

Here’s how it works:

1.    The monthly installment must be equal and continuously for 11 months.
2.    The monthly installment value will be accumulated based on gold weight for 11 months.
3.    On completion of 11 monthly installments the member is eligible for purchase of diamond studded gold jewellery for the maturity value only after 30 days from the date of last advance payment.
4.    Prepayment / Postpayment of installment and advancement of the maturity date are not permitted. Only one installment allowed per month.
5.    Diamond & Semiprecious Stone rates based on prevailing market condition as on th date of purchase will be applicable.
6.    The monthly instalment cannot be extend for more than 11 months.
7.    Delay in payments will automatically extend the maturity date by the number of months delayed.
8.    When the customer purchases diamond jewellery in accumulated weight,10% VA only applicable.
9.    No Making Charges Benefit avail upto the accumulated weight upto Rs. 550/- per gram.
10.    Monthly installment can be paid by cash/cheque/DD/debit and credit card/RTGS/NEFT/UPI payments
11.    Customer making monthly installment contributions exceeding 199999/- under a single scheme or maintaining multiple scheme accounts must ensure that the aggregate cash payments across all such accounts do not exceed 199999/-in total.(as per prevailing  government regulations).
12.    In case the selected jewellery weighs more than the weight accumulated in the scheme the difference in weight will be valued at the prevailing rate as on the date of redemption, plus the VA and making charges is applicable will be collected from the member.
13.    Cash will not be  refunded under any circumstances.
14.    Only members who complete all 11 installment will be eligible for plan benefits.
15.    Member who choose to discontinue within 11 months,will not eligible for any benefits.
16.    It is mandatory to present the saving plan passbook at the time of closing the scheme.
17.    GST& any other government levies at the redemption will be borne by the member.
18.    Company at its sole discretion can alter, amend, modify, add or delete any of the terms and conditions from time to time.
19.    All disputes are subject to the jurisdiction of the competent court in Chennai.

Why ‘Muhurtha Vairam’?

• Plan, Save, Invest, Reap. It’s Simple, Smart & Secure route to purchase your diamond jewellery.
• No more digging deep into pockets. Affordable, quality diamonds are now yours to treasure & enjoy! 
• Sow your seed, reap your harvest. A marriage? Daughter’s 18th birthday? Wedding anniversary? Indulge happily in a long-cherished dream of buying diamonds for that special occasion.

SAVINGS PLAN FAQ

 

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