Swarna Shree Jewellery Savings Scheme — Effective from 1 January 2025
The Swarna Shree Jewellery Savings Scheme ("Scheme") is open to all Indian residents aged 18 years and above. Minors may be enrolled as scheme beneficiaries, provided a parent or legal guardian is the registered account holder.
Enrolment becomes effective only after receipt of the first monthly instalment and issuance of a Swarna Shree Scheme Certificate bearing a unique scheme number. No enrolment is valid without a scheme certificate.
Swarna Shree is a 10-month jewellery savings scheme. Members pay a fixed monthly instalment for ten consecutive months. Upon completion of all 10 instalments, Zinzuwadia Jewellers ("the Jeweller") contributes a bonus as the equivalent of an 11th month's instalment, calculated as follows:
| Plan | Duration | Member Pays | Jeweller's Contribution (Bonus) | Redeemable On |
|---|---|---|---|---|
| Gold Plan | 10 months | 10 × monthly instalment | 75% of one monthly instalment | Gold Jewellery |
| Diamond Plan | 10 months | 10 × monthly instalment | 100% of one monthly instalment | Diamond Jewellery |
Each scheme account is independent. A member may hold multiple scheme accounts simultaneously, each tracked under a distinct scheme number.
Monthly instalments are due on the same calendar date each month as the date of enrolment ("due date"). If the due date falls on a bank holiday or non-working day, the instalment is payable on the next working day without penalty.
A grace period of 7 days is allowed after each due date. Instalments not received within the grace period may attract a late fee of ₹100 or 1% of the instalment amount, whichever is higher. Consecutive default of 2 months will result in automatic scheme suspension and the account will be treated as a voluntary withdrawal (subject to Section 6).
The Jeweller's Bonus is a goodwill contribution made by Zinzuwadia Jewellers exclusively to members who complete all 10 monthly instalments in full and on time (within the grace period).
The Jeweller's Bonus is forfeited in the following circumstances:
The bonus is a discretionary contribution; it does not constitute interest, commission, or any financial return regulated by the Reserve Bank of India or any other statutory authority.
Upon successful completion of the scheme, the total scheme value (10 instalments + Jeweller's Bonus) may be redeemed against jewellery purchases from Zinzuwadia Jewellers, CG Road, Ahmedabad.
The scheme value and bonus can be applied to any jewellery article from our in-store and online catalogue, subject to availability, excluding the items listed in Section 9 (Exclusions).
A member may voluntarily withdraw from the scheme within the first 6 months (i.e., before the 7th instalment due date). In such cases:
Zinzuwadia Jewellers reserves the right to cancel a scheme account in the event of: (a) furnishing of false identity or address information at enrolment; (b) two consecutive defaults in payment; or (c) misuse of the scheme. In such cases, refunds (if applicable) will be made as per the withdrawal policy above, after deducting applicable charges.
Every enrolled member receives a Swarna Shree Scheme Passbook (digital or physical) recording all instalments paid. Members are responsible for keeping the passbook safe.
Nomination is mandatory at the time of enrolment. A nominee is the person entitled to receive the scheme benefits or refund in the event of the death of the scheme member.
The Swarna Shree scheme value and Jeweller's Bonus cannot be redeemed against the following:
Multiple scheme accounts held by the same or different members cannot be clubbed or combined into a single purchase transaction. Each scheme account must be redeemed independently. The bonus and scheme value from two accounts cannot be pooled for a single invoice.
The Swarna Shree scheme is valid exclusively at the following location:
Zinzuwadia Jewellers
CG Road, Ahmedabad, Gujarat — 380006
The scheme is not transferable to any other branch, franchisee, partner, or third-party jeweller. Zinzuwadia Jewellers is not liable for any claims made or accepted at any other location.
Zinzuwadia Jewellers shall not be liable for any loss, theft, or damage to jewellery after the point of delivery to the member. The Jeweller's liability under this scheme is limited to the scheme value (principal + applicable bonus) credited to the member's account.
Any dispute arising from this scheme shall first be referred to the store manager for resolution. Unresolved disputes shall be subject to arbitration as per the Arbitration and Conciliation Act, 1996. The courts of Ahmedabad, Gujarat shall have exclusive jurisdiction over all matters relating to this scheme.
These Terms & Conditions are governed by the laws of India. The scheme does not constitute a deposit, investment, or financial instrument under any regulation of the Reserve Bank of India, SEBI, or any other statutory body.
Zinzuwadia Jewellers reserves the right to modify, suspend, or discontinue the Swarna Shree scheme at any time, with or without prior notice, subject to honouring all commitments to members who have already enrolled and paid at least one instalment. Material changes to these Terms will be communicated via SMS/WhatsApp to registered mobile numbers and posted on our website. Continued participation after notice of a change constitutes acceptance of the revised terms.
For any queries, complaints, or clarifications regarding the Swarna Shree scheme, please contact us at:
Zinzuwadia Jewellers
CG Road, Ahmedabad, Gujarat — 380006
Tel: +91 79 2644 3333
Email: swarnashree@zinzuwadia.com
Store Hours: Monday – Saturday, 10:00 AM – 8:00 PM