GIP-FAQ – lordsjewels

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Frequently Asked Questions (FAQs)

Q: How do I pay the monthly advance payment?
A: We accept payments in any form for your convenience. You can pay via cash, debit or credit card, UPI, cheque, post-dated cheque (PDC), or demand draft (DD) in favour of L.D. Sons Jewellers Pvt. Ltd.
Q: Will there be GST on the gold coin?
A: Yes, GST is applicable. However, it is already included in the price of the gold coin quoted to the customer—no extra GST will be charged separately.
Q: When can I purchase the gold under this plan?
A: You can purchase the gold in the 11th month, as the plan runs for 10 monthly installments.
Q: Can I purchase jewellery under this plan?
A: Yes, you can purchase jewellery. If there is any difference in gold weight or amount, it will be charged as per the prevailing gold rate at the time of purchase.
Q: Can all the monthly payments be made in advance?
A: Yes, you can pay all the installments in advance if you prefer.
Q: What if I pre-close my GIP plan?
A: In case of pre-closure, you will receive gold equivalent to the total amount paid to us till the date of closure.
Q: Will cash be refunded under this plan?
A: No, cash will not be refunded under any circumstances as per government regulations.
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