Purchase Advance Scheme Terms

What the scheme is

A facility to make fixed weekly or monthly advance payments that accumulate as a jewellery purchase advance toward eligible jewellery.

What the scheme is not

It is not an investment, deposit, savings-return, or financial product. No interest, returns, profit, or gold-value appreciation is offered or implied.

Instalments

Each scheme specifies the instalment amount, frequency, and number of instalments. The total purchase advance equals the instalment amount multiplied by the number of instalments.

Recurring payments

Where supported and approved for the store, recurring payments/UPI AutoPay may be enabled. Availability depends on payment-provider approval and your payment method.

Redemption

On completion, the accumulated eligible amount can be adjusted toward eligible jewellery purchases per the specific scheme's redemption conditions.

Missed payments, cancellation, refunds, early closure, maturity

Each of these is governed by the policy shown on the individual scheme detail page and our Refund & Cancellation Policy.

Disclaimer

This scheme is intended for eligible jewellery purchases from Sri Venkataramana Jewellers and is subject to the applicable scheme terms and conditions. We do not claim any government, RBI, or investment-regulatory approval unless such approval actually exists and is stated explicitly.