Q6: Upto what price this bond will protect the customer?
This bond will secure the customer up to the market price of 3000, at the time of maturity.So if the market price goes beyond 3000 the customer has to pay the difference.
Q7: Is there any cancellation charges?
No, there won’t be any cancellation charges.
Q8: Whether amount will be refunded on cancellation?
No, on cancellation the customer will be asked to purchase gold for the amount advanced based on market rate prevailed on the date of payment (or) on the date of cancellation, whichever is higher.
Q9: What will be the carat and purity of jewellery?
The Customer will be purchasing 22Carat (916 Hallmarked Jewellery), both on Maturity/Cancellation.
Q10: What about government regulations?
This plan is subject to government regulations and therefore all Taxes, Deduction, Charges, if any levied by the government at the time of Maturity/Cancellation has to be borne by the customer. And if there is any change in the rules and regulation the management reserves the right to act accordingly.
Q11: Is this an investment plan?
No, this is an advance purchase plan.