NEW PRINCE FLEXI 100 has been exclusively created to help you plan and buy the jewellery that you always wanted to buy. All you have to do is fill in a simple form and join NEW PRINCE FLEXI 100.
All you have to do is pay eleven equal monthly advance payments. After making the advance payment for the last month, you can buy your favourite jewellery with no wastage (VA) up to 18%. The customer can choose either the value-based or the gold weight-based option.
PRINCE TRUST N GOLD advance purchase plan is specifically crafted to assist you in planning and acquiring the jewellery you’ve always dreamed of. The plan provides the flexibility to purchase gold jewellery, diamond jewellery, platinum jewellery, silver articles, or silver jewellery of your choice.
You can opt for either a weight-based plan or a value-based plan. Customers can select from two optional benefits based on what suits them best during redemption.
FAQs
How to make the monthly advance payment?
Advance payments should reach Prince Jewellery before the 10th of every month. Payments can be made by Cash/UPI/DD/Debit cards/Credit cards/NEFT/RTGS/Local Cheques/Post-dated Cheques(PDC) At-par cheques, Outstation cheques will not be accepted, You can give PDCs for the entire period at your convenience. However cash payment cannot be made for more than Rs.1,99,000 as per Government of India regulations. In case of cheque dishonor, the bank charges will be borne by the customers. The payment can be made at any Prince Jewellery showroom in india or online www.princejewellery.com or by downloading the Prince Jewellery mobile app.
What if I discontinue?
Customers who choose to discontinue within 5 months of enrolment will not be eligible for any benefit/discount on wastage (VA) and can redeem only to the extent of accumulated gold weight under the plan. However, if the customer discontinues during 6th month of enrolment, the customer will be entitled to 50% discount on the wastage (VA). If the customer discontinues during 7th month of enrolment, the customer will be entitled to 60% discount on the wastage (VA). If the customer discontinues during 8th month of enrolment, the customer will be entitled to 70% discount on the wastage (VA) and for discontinuation during 9th month, the customer will be entitled to 80% discount on the wastage (VA), limited to the accumulated gold weight under the plan, If the customer discontinues during 10th month, the customer will be entitled to entitled to 90% discount to the extent of accumulated gold weight under the plan. The above benefits is applicable upto 18% V. A. only.
What if I don't pay continuously?
The advance payment cannot be extended beyond the 11-month period. The plan will be discontinued as per the terms & conditions mentioned in the event of any default in the monthly advance payments. Hence it is essential tha you pay the advance payments continuously without fail. Ir the event of the customer defaulting an advance paymen during the tenure, the plan will be discontinued automatically from that month, and the customer will no be entitled for ‘No Wastage (VA)’ as per the terms & conditions mentioned.
Will there be GST?
Yes, GST and any other Government levies will be borne by the customer at the time of delivery.
In what other ways can Prince Flexi 100 help me?
As mentioned earlier, the Prince Flexi 100 helps you get more jewellery than you could have expected, the Prince Flexi 100 helps you plan in advance to buy jewellery for weddings and other auspicious occasions. Prince Flexi 100 protects you from the price increase of Gold.
What if I buy jewellery exceeding my accumulated value or weight?
Wastage (VA) will be charged on the excess amount. For instance, if you choose Rs.10,000 as your monthly advance payment, the advance amount accumulated over the 11-month period will be Rs.1,10,000. If the selected jewellery value is Rs.2,00,000, the customer is eligible for No Wastage (VA) up to 18% on Rs.1,10,000 only and wastage (VA) as applicable will be payable on the balance amount of Rs.90,000 at the prevailing gold rate.
Wastage (VA) will be charged on the excess weight. For instance, if you choose Rs.10,000 as your monthly advance payment, the accumulated weight over the 11-month period will be 12 grams. If the selected jewellery weight is 20 grams, the customer is eligible for No Wastage (VA) up to 18% on 12 grams only and the excess weight of 8.00 grams the wastage (VA) as applicable will be borne by the customer at the prevailing gold rate.
Will cash be refunded?
Cash will not be refunded under any circumstances, as per Government regulations.
How do I know the amount / weight accumulated?
This will be updated in the customer receipt book on a monthly basis at the time of making the advance payment.
Can I make all the monthly payments in advance?
The monthly payments cannot be carried over, or paid in
advance.
Can I make the advance monthly payments in any of the Prince Jewellery showrooms?
Yes, you can make the monthly advance payments in any of the Prince Jewellery showrooms in India, or online at www.princejewellery.com or Prince Jewellery mobile app.
Can I buy Gold Coins?
Yes, you can purchase gold coins with No Wastage (VA) making charges.
Is the monthly advance amount fixed or variable?
The monthly advance payment amount is fixed.
If i am taking extra weight, am i eligible for any special offer/discount?
Yes, your are eligible for a very special discount of 20% on the wastage (VA) on the excess weight purchased over and above the weight eligible under the plan. The weight will be calculated on the prevailing gold rate at the time of billing. However this discount cannot be combined with any existing offer.
