Terms and Conditions – DiGi Gold Scheme

These Terms and Conditions govern participation in the DiGi Gold Scheme (“Scheme”) offered by LDBS India Private Limited (“the Company”). By enrolling in the Scheme, the customer (“Member”) agrees to abide by all the terms and conditions mentioned herein.

1. Scheme Overview

1. The DiGi Gold Scheme comprises 12 periods, each calculated as 31 days from the date of enrollment.
2. Members shall make fixed monthly payments as per the plan selected at the time of joining.
3. The Scheme is available under two categories:
   a) Weight-Based Scheme
      b) Value-Based Scheme

2. Scheme Options

2.1 Weight-Based Scheme

Under this option, the gold weight is fixed at the time of each monthly installment payment. Each payment locks the gold weight as per the prevailing gold rate on the payment date. At the time of maturity, the Member can redeem the total accumulated gold weight for purchase of gold jewellery or other gold products. This option protects the Member from gold price fluctuations after each payment.

2.2 Value-Based Scheme

Under this option, the Member’s total value of all 12 payments will be considered at the gold rate prevailing at the time the Member comes to make the purchase after the maturity period. The Member can redeem gold jewellery or coins equivalent to the total maturity value calculated as per the market gold price on the date of purchase. The benefit will therefore depend on the current gold rate in the market at the time of redemption.

3. Redemption Benefits

4. Upon successful completion of all 12 periods without default, the Member shall be eligible to redeem 14% wastage as a benefit credit on gold jewellery purchase.
5. If the jewellery purchased carries wastage higher than 14%, the Member shall pay the balance wastage difference as applicable.
6. Redemption benefits cannot be encashed or transferred and are valid only for purchases through authorized showrooms or digital platforms.
7. GST and applicable taxes are extra and shall be borne by the Member at the time of purchase.

4. Additional Discount Coupons

8. Members shall receive 6% additional discount coupons redeemable while purchasing gold products from the Company’s authorized outlets or digital platforms.
9. Coupons are non-transferable, non-redeemable for cash, and valid only up to the expiry period mentioned at issuance.
10. The Company reserves the right to revise coupon values or terms without prior notice.

5. Payment Terms

11. Each monthly installment must be paid on or before the due date.
12. In case of delayed payment beyond the due date, a penalty of 0.5% per day shall be applicable on the maturity value until the delayed payment is cleared.
13. Once the delayed payment along with penalty is paid, the date of such payment shall be considered as the new effective date, and all future period counts (12 periods) will be recalculated and continued from that date.
14. Failure to pay two consecutive installments may result in automatic cancellation of the Scheme, and accrued benefits may be forfeited at the Company’s discretion.
15. All payments shall be made only through approved payment modes specified by the Company.
16. GST and applicable taxes are additional and must be paid along with each installment.

6. Maturity and Redemption

17. Upon completion of all 12 valid installments, the Member becomes eligible for redemption benefits.
18. Redemption may be availed after one month from the maturity date, considered as the 14th period, allowing administrative and verification processing.
19. Members can redeem either the accumulated gold weight (under Weight-Based Scheme) or gold equivalent to the maturity value (under Value-Based Scheme).
20. Redemption shall only be processed after verification of payment records and Member identification.
21. The Company reserves the right to adjust or modify redemption terms as required under applicable business policies or regulations.

7. General Conditions

22. Scheme benefits are intended for individual retail customers only and cannot be used for commercial resale purposes.
23. The Company reserves the right to alter, suspend, or withdraw the Scheme or any part thereof at any time without prior notice.
24. The Company shall not be liable for any loss, delay, or consequence arising due to Member’s default or third-party issues beyond its control.
25. All legal disputes relating to this Scheme shall be subject to the exclusive jurisdiction of Puducherry, India.

8. Acceptance

By enrolling and making payments under the DiGi Gold Scheme, the Member hereby acknowledges that they have read, understood, and accepted all the above Terms and Conditions.