Terms & Conditions

1Membership & Platform Access Rules

• Annual Membership Fee: Access to Golden Circle child savings schemes, digital passbooks, and promoter referral programs requires payment of a mandatory Annual Platform Access Fee of ₹100/year (valid for 12 calendar months from activation date).
• Non-Refundability: The annual membership access fee of ₹100 is strictly non-refundable and non-transferable under any circumstances once processed.
• Renewal Requirement: Upon expiration of the 12-month tenure, member account status automatically reverts to expired. Renewal (₹100) is required to restore active scheme participation and passbook tracking.

2Scheme Installments, Overdue Penalties & Payout Terms

• Continuous Installments: Scheme subscribers must pay monthly deposits on or before the due date each month for the selected plan tenure (12, 36, or 60 months).
• Overdue Penalty: Delayed installment payments beyond the monthly due date incur a late fee penalty of ₹50 per overdue month. Overdue payments must be settled before scheme maturity.
• Bonus Eligibility: Bonus benefits (e.g. 25%, 33%, or 75% bonus credit) are contingent upon completion of all monthly scheme installments without default. Missed installments may reduce or cancel bonus allocations.
• Maturity Coupon Redemption: Upon scheme maturity, the accumulated capital and bonus benefits are issued as gold purchase vouchers/coupons redeemable at authorized partner jewellery stores.

3Gold Valuation, Taxes & Outlet Redemption

• Market Rate Valuation: The gold quantity and jewellery value receivable at maturity are determined strictly based on the prevailing gold market rate on the day of coupon redemption at partner showrooms.
• Taxes & Charges: Goods and Services Tax (GST), making charges, wastage (vaasa), delivery charges, and statutory government levies applicable at the time of redemption shall be borne entirely by the customer.
• No Cash Conversions: Customers cannot demand cash returns, direct bank transfers, or monetary refunds in lieu of gold vouchers.

4Digital KYC & Account Integrity

• Members must provide accurate legal identity documentation (Aadhaar Card, PAN Card, bank details).
• Submission of fraudulent, forged, or unverified documents will lead to immediate account suspension and cancellation of rewards.
• Each member is allowed one primary account. Duplicate accounts created for referral manipulation will be purged.

5Indemnification & Limitation of Liability (Sue Protection)

INDEMNIFICATION CLAUSE:You explicitly agree to defend, indemnify, hold harmless, and release Golden Circle Enterprises, its founders, directors, officers, employees, representatives, agents, partner jewellery outlets, and payment gateway providers from and against any and all claims, lawsuits, legal actions, damages, obligations, losses, liabilities, costs, or debt, and expenses (including attorneys' fees) arising from:

1. Your use of or access to the Golden Circle application or services.
2. Your violation of any provision of these Terms & Conditions or company bylaws.
3. Third-party payment gateway disruptions, banking network delays, or UPI processing failures beyond the reasonable control of the Company.
4. Disputes arising at partner jewellery showrooms during coupon redemption.

MAXIMUM LIABILITY LIMIT: To the maximum extent permitted by applicable Indian law, Golden Circle Enterprises shall not be liable for any indirect, incidental, special, consequential, or punitive damages. The total aggregate monetary liability of the Company under any claim or dispute shall be strictly capped at the net principal deposit amount actually paid by the member into their active passbook.

6Governing Law & Jurisdiction

These Terms & Conditions shall be governed by and construed in accordance with the laws of the Republic of India. Any legal dispute, arbitration proceeding, or court action arising out of these terms shall be subject to the exclusive jurisdiction of competent courts located in Chennai, Tamil Nadu, India.