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Scheme Terms & Conditions

Advance payments should be made on or before 10th of every month to New KVM Jewellers. Payments can be made by Cash, DD, Local Cheques, Post Dated Cheques, At par cheques, Electronic Clearing Service, and Online ( Outstation cheques will not be accepted. You can pay for the entire period through PDC's.
Members can choose to discontinue on or before their 7 months' period, but, will not be eligible for no wastage charge (VA) on purchase. However, if a member discontinues after the 8th month of enrollment they will be eligible for 60% of Wastage (VA) value on the amount accumulated advance payment or on the accumulated Gold Weight.
The advance payment cannot go beyond 11 months period. It is important that you continuously pay a monthly advance payment without fail. If you fail to make the payment for the month during the plan, the plan will be discontinued and you will not be eligible for no wastage charge on your purchase.
If a customer doesn't want to purchase any jewellery at the end of the plan, the total advance amount paid by the customer will be refunded without any benefit directly through a cheque or bank transfer.
Yes, GST(currently 3%) and other Government levies will be borne by the customer at the time of delivery.
As mentioned before KVM Aishwaryam and Divyam Plans help buy jewellery more than you have imagined. It also helps you plan in advance to buy jewellery for any special occasion or for a wedding.
Wastage will be charged on the excess amount. For example, if you choose 10,000 as your monthly advance payment, then the amount accumulated will be 1,10,000. If the selected jewellery amounts to 2,10,000 then the wastage will be charged on the excess amount which is 1,00,000 only and for 1,10,000 the wastage charge will not be charged.
Yes, special items like Diamond, Platinum, Uncut Diamonds, Ruby, Emerald, Ethnic and Vintage Jewellery, Pooja items, Silver articles & Silver jewellery. other special items not included in the list are precious /semi-precious /birth stones wastage is applicable. Please visit our website to see our exclusive collection.
No. Cash will not be refunded under any circumstances according to Government regulations.
The Weight of the gold will be updated monthly in the passbook.
The monthly payments cannot be carried forward or paid in advance.
Yes, they can buy Gold Coins without any Wastage or Making Charge
No, customer cannot buy watches under the plans
The monthly advance amount is fixed.