- Eligibility & Enrollment
- Any individual can become a member of the Easy Buy Scheme (EBS) by filling out the application form, submitting valid ID and address proof, and paying the first installment.
- A nominee must be mentioned at the time of enrollment (minors cannot be nominees).
- Scheme Options
- Option 1 – You save GOLD for 10/6 months, and we'll add GOLD worth 70%/30% of the installment amount on the 11th/7th month.
- Option 2 – You save your MONEY for 10/6 months, and we'll reward you with 70%/30% of the installment amount on the 11th/7th month.
- Installments
- Minimum installment: ₹2,000 or in multiples of ₹1,000.
- A total of 10/6 installments will be accepted under the scheme.
- The first payment date will be treated as the due date for all subsequent months.
- Members will be allowed 3 days grace period (excluding holidays) for each payment.
- Payment Modes & Limits
- Maximum cash installment accepted: ₹15,000 per month.
- As per Income Tax Act, total cash deposits in a financial year must not exceed ₹2,00,000.
- PAN copy is mandatory for purchases/invoices exceeding ₹2,00,000.
- Default & Discontinuation
- If a member fails to pay any installment, the scheme will automatically be discontinued.
- In case of discontinuation, the amount accumulated will be adjusted only against jewellery purchase; no bonus will be applicable.
- No cash refund will be made under any circumstances except where legally required.
- Prepayment & Maturity
- Prepayment of multiple installments together is not allowed.
- The maturity value will include the total deposited amount plus the bonus (money or gold, depending on the chosen scheme).
- Members must redeem within 30 working days of maturity to avail the bonus.
- After 30 days, only the principal amount will be adjusted against purchase.
- After 50 days, the principal amount will be transferred to the member's account.
- Jewellery Purchase & Charges
- Redemption can be made against gold, silver, diamond, platinum jewellery, silver article or gemstone.
- 24KT gold and silver coins are excluded from this scheme.
- Applicable making charges, GST and other duties/taxes at the time of purchase must be borne by the member.
- The jewellery value at redemption must not be less than the total accumulated amount.
- General Conditions
- Pre-closure requests will take up to 7 working days to process.
- In the event of the member's death, no further transactions will be accepted; the nominee must contact the branch directly.
- Modification Rights
- MPJ Jewellers (GB) Pvt. Ltd. reserves the right to alter, amend, or discontinue any part of this scheme without prior notice.
- Declaration
- By enrolling, members acknowledge that they have read, understood and agreed to the Terms & Conditions of the Easy Buy Scheme.
Any disputes are subject to Kolkata jurisdiction.
