STM THIRUMANGALYA SCHEME

  • 1. To join this scheme you must be above 18 years of age
  • 2. You can choose the amount you wish to save, starting from 1000 and in multiples of 500 (eg. 1500,2000,2500,3000..etc ) and pay the respective amount to join
  • 3.The chosen amount must be paid in 11 instalments every month and it should be on or before the specific due dates.
  • 4. Each instalment amount you pay will be converted to gold in grams or milligram equivalent to the rate of 22 karat gold on the day you pay (eg : if you choose to pay 3000 every month, and the price of the gold on the particular day you pay is 9300, then the gold you own is 0.320 milligrams of 22k gold )
  • 5. This scheme matures exactly on the 330th day from the date of joining and scheme should be redeemed within 30 days from the date of maturity
  • 6. As the benefits of the scheme, customers can avail gold ornament equivalent to the gold they own with 100% discount on wastage and making charge
  • 7. The customers can only avail gold ornaments available in the branch and cannot customise their jewellery
  • 8. if customers choose to custom their ornaments, they will only get 20% discount on the wastage and making charge on the ornament at the period of maturity
  • 9. To avail the benefits of the scheme, all 11 monthly instalments must be paid either on the given due dates or in advance and the product must be purchased during the maturity period
  • 10. Under no circumstances can the instalment amount paid be refunded, it can only be availed as gold jewellery
  • 11. Customers must accept any stones, hall marking, and any other charges imposed on the selected product under this scheme
  • 12. The right to receive products is granted only to the person in whose the scheme is registered. In case of the customer’s demise, the nominee can claim the products upon submission of a death certificate issued by the Tamil Nadu government
  • 13. For any additional weight of the products purchased beyond the calculated 22k gold weight, the customers must pay the wastage and GST for the extra weight
  • 14. Product equivalent to the calculated gold weight must be availed within 30 days from the maturity date of scheme. Failure to do so will result in loosing scheme benefits completely
  • 15. When availing products, customers must pay the Goods and Service Tax (GST) as imposed by the government
  • 16. If there are any sales offer available at store on the day of redemption, they cannot be utilised under the scheme
  • 17. No changes can be made to the scheme’s name, mobile number and address under any circumstances. The OTP sent to the registered mobile number must be provided without fail when redeeming the scheme
  • 18. Customers can redeem the scheme in our store by submitting the concerned redemption request form along with an identity card and government issued Aadhar card
  • 19. Instalments can be paid directly at our store or via the STM JEWELLERS app. It is the customer’s responsibility to confirm the payment by collection of receipt and SMS
  • 20. If customers tends to pay the scheme amount in cash mode, solicit to pay in person at branch and get receipt, else through the online mode, requesting to avoid remittance through other persons or employees. In such cases, management will not hold responsibility

📌 – Terms & Conditions

These Terms & Conditions (“Terms”) govern the use of the STM Jewellers mobile application and services. By registering and using this application, you agree to comply with and be bound by these Terms.

1. Account Registration
  • 1.1. To register on the STM Jewellers application, the user must be at least 18 years of age and legally competent to enter into a contract under the Indian Contract Act, 1872.
  • 1.2. During registration, users must provide accurate personal details including full name, residential address, date of birth, mobile number, email address, and any other information required by STM Jewellers.
  • 1.3. Users agree to provide true, accurate, and complete information at the time of registration and update the same if any changes occur.
  • 1.4. STM Jewellers reserves the right to verify user information and may request additional documents such as PAN card, Aadhaar card, or proof of address.
  • 1.5. Each user is responsible for maintaining the confidentiality of their login credentials. Accounts are non-transferable and cannot be shared with others.
  • 1.6. STM Jewellers reserves the right to accept or reject any registration application without providing reasons.
2.Privacy & Data Protection
  • 2.1. STM Jewellers is committed to protecting your privacy. All personal information collected will be stored and processed in accordance with applicable laws. 2.2. Information may be used for:
  • • Identity verification,
  • • Facilitating transactions and services,
  • • Communicating offers, updates, and notifications,
  • • Compliance with legal and regulatory requirements.
  • 2.3. STM Jewellers will not sell or share personal data with third parties except when required by law or for safeguarding the company’s rights.
  • 2.4. Reasonable security measures, including encryption and restricted access controls, will be applied to protect your data.
3.Usage Restrictions
By using the STM Jewellers app, users agree not to:
  • 3.1. Use the app for unlawful, fraudulent, or commercial activities.
  • 3.2. Provide false or misleading information.
  • 3.3. Share login credentials or allow others to use their account.
  • 3.4. Hack, disrupt, reverse-engineer, or misuse the app.
  • 3.5. Engage in money laundering or activities prohibited under the Income Tax Act, 1961 or the Prevention of Money Laundering Act, 2002.
  • 3.6. Upload or transmit harmful or offensive content. STM Jewellers reserves the right to suspend or terminate accounts for violations.
4. Taxes & Compliance
  • 4.1. Users are solely responsible for payment of any taxes, duties, or charges applicable on the purchase or redemption of gold through the app.
  • 4.2. For transactions over ₹1.75 lakhs, users must provide their PAN details as per Income Tax rules.
  • 4.3. For redemption of investments above ₹2 lakhs, users must also submit a copy of their PAN card.
  • 4.4. Cash payments above ₹2 lakhs are strictly prohibited under Section 269ST of the Income Tax Act
5. Disputes
  • 5.1 In case of any dispute, difference, or claim arising from these Terms, the matter shall be resolved by arbitration in accordance with the Arbitration and Conciliation Act, 1996.
  • 5.2 The arbitration shall be conducted by an arbitrator appointed under the rules of the Chamber Arbitration Tribunal (ChaAT), or another recognized arbitration authority in Nagercoil/ Kanyakumari District.
  • 5.3. The arbitral award shall be final and binding on both parties.
  • 5.4. Proceedings may be conducted in Tamil, English, or both.
  • 5.5. The venue of arbitration shall be Nagercoil, Tamil Nadu.
6. Company Rights
  • 6.1. STM Jewellers reserves the right to modify, suspend, or discontinue any feature of the app at any time without prior notice.
  • 6.2. The company may amend these Terms periodically. Continued use of the app after such amendments constitutes acceptance of the revised Terms.
7. Disclaimer
  • STM Jewellers provides services on an “as is” basis. While all efforts are made to ensure accuracy,
  • STM Jewellers does not guarantee uninterrupted service, error-free operations, or absolute data security