Pay 11 Installments

The scheme is valid only on the purchase of any type of jewellery (gold, diamond, platinum and silver). The accumulated amount cannot be used to purchase fine gold, fine silver, or any precious stone.

Under Smart Buy, customer has to pay 11 (Eleven) monthly instalments and his/her maturity would be in the 12th month of the instalment. For the purpose of Smart Buy, the date of payment of first instalment shall be deemed as Enrolment date/date of joining.

The Smart Buy will allow the Customer to pay 11 (Eleven) fixed monthly instalments of minimum Rs.1,000/- [Rupees One Thousand]). In a span of 11 (Eleven) months, Customer has to pay one instalment every month.

The Customers would be eligible for a discount of one-month instalment upon completion of 11 (Eleven) instalments from the date of joining.

If the Customer wishes to pre-close Smart Buy after paying 6 monthly instalments and after completion of 180 days but before 300 (Three Hundred) days from the date of first payment, LPDJ shall refund the amounts aggregating to the instalments paid by the Customer until the date of refund.

The Customer is mandatorily required to redeem his/her account before 421 days from the date of payment of the first instalment.

In case the Customer does not redeem within 421 days, he/she will be refunded with the aggregate instalment amount. A discount voucher for the applicable discount amount will also be provided.

Subject to terms of Smart Buy, any/all refund shall be made by LPDJ by way of cheque or by online transfer and no cash refund shall be permissible. PAN copy is required at the time of redemption if required under applicable Law.

Smart Buy account holder is required to provide a copy of his/her photo ID and address proof documents like Ration Card/Passport/Pan Card/Aadhar/Driving License/Voter ID etc., at the time of enrolment.

Gold rate shall be based on the prevailing rate on the date of purchase. 

Only individuals can enroll in to the Smart Buy and enrolment is not permissible for other entities like companies, partnership firms or proprietorship concern or Trusts or Hindu Undivided Family (HUF) or NRI Customers. Minors can enroll in to Smart Buy only through their natural guardians. Smart Buy cannot be enrolled by the Customer with his borrowed money.

On enrolment, every account holder will be given a Smart Buy statement which he/she is required to carry and keep under safe custody, at all times. The account holder should ensure that, all payments made by them are correctly entered in the Smart Buy statement and if there is any discrepancy, it should be immediately brought to the manager’s notice, for suitable rectification, especially the name of the account holder wherein the name should be as per the ID proof provided by the Customer and not in any other name, including nick name or short forms etc.

At the time of enrolment, the account holder should ensure that, the Smart Buy Statement is signed by him/her and by the authorized signatory, in the space provided, accepting terms and conditions as stated in the Smart Buy Statement to ensure the validity of Smart Buy Statement and for proper reference at the time of maturity/purchase.

The bearer of the Smart Buy statement cannot be considered as the owner of the Smart Buy statement if there is any discrepancy as per the ID Proof, LPDJ reserves right to check the authenticity/ validity of the documents and person representing for redemption/refund at the sole discretion of the company which is final and binding.

In case of any change in contact or address details, the account holder is required to intimate the company or email to Lpdj.sn@outlook.com within 7 (seven) days from date of such change.

The maturity date shall be strictly calculated according to the first payment date made by the account holder.

The account holder should ask for a computerized entry in the Smart Buy statement or collect his/her duly computerized receipt, from the Store when he/she is making payment. For the purpose of the Smart Buy, monthly due date shall be one month from the instalment due date.

Payment of monthly instalment(s) should be made on or before due date by cash, card, and cheque. Outstation cheques will not be accepted and international card for online payment will not be accepted.

The company will not be responsible for any online payment failure and money being debited from the Customer’s account. In case of any payment failure, the Customer is requested to check with their banks or other service providers. It is the responsibility of the account holder to enter details correctly. The monthly payments should reach once every month on or before the due date. Payments not reaching on or before the due date every month will be treated as default for that particular month and may result in lower discount, at the time of purchase.

At the time of purchase of jewellery upon maturity of Smart Buy, the account holder has to personally come with his/her original Smart Buy Statement and affect the redemption of the instalments paid towards purchase of jewellery.

At the time of purchase, the original Smart Buy Statement has to be submitted by the account holder to Store (and his/her signature on redemption has to tally with the signature in the Smart Buy Statement).

In addition to the gold and stone charges, all jewellery purchased under the Smart Buy will be subject to labour charges, making charges, wastage charges, material charges, and value added tax or surcharges, levies as may be applicable/ prevailing at the time of purchase.

In the event of any premature closure of the account by the account holder, such account holder may purchase jewellery at the Store equal to the value of the instalments accumulated in his/her account as on that day. However, no discount on purchase of jewellery will be given in case of premature closure of the account where number of instalments paid is less than 6 instalments and below 180 days under any circumstances.

In the event of loss of the Smart Buy Statement, the account holder has to intimate the store or email to Lpdj.sn@outlook.com immediately in writing, to enable to block the account. In case of any delay or non-intimation, he/she shall be personally responsible for any loss or redemption /purchase by any other person.

In the event of loss of the original Smart Buy Statement, a duplicate Smart Buy Statement can be issued only if the account holder provides an indemnity letter and valid photo identity and address proofs, for authentication by the Store. LPDJ shall not issue any duplicate Smart Buy Statement unless they are satisfied about the authenticity of the claim/request for duplicate Smart Buy Statement and only if the account holder produces in original all receipts given to him/her in the past.

In the event of death of the account holder, the amount is transferable by LPDJ only to the person(s) whose nomination has been filled by the account holder in the form at the time of opening the account subject to such nominee producing Identity and address proof. In case the account holder does not wish to nominate any person, any claim(s) made by any other person(s) on behalf of the account holder will not be entertained unless such person being a legal heir/duly authorized person claiming the benefits in Smart Buy account shall produce below documents to LPDJ:

• Death certificate of the deceased.

• Succession Certificate.

• NOC from other surviving legal heir for redemption.

• Indemnity undertaking to indemnify LPDJ from claims.

• Will (if any)

• Along with all other supporting documents and clarifications

However, the decision of LPDJ shall be final on sufficiency of any document in all such cases above and the same shall be binding upon the claimants.

LPDJ reserves the right to alter, amend, add or delete part or whole of the privileges of the Smart Buy without prior notice to the account holder, as long as the same is not detrimental to the interests of the account holder.

LPDJ is the operator of Smart Buy and reserves the right to suspend Smart Buy at any time. In any such event, the account holder may purchase any item at the Store equal to the value of the instalments accumulated in his/her Smart Buy account along with discounts accumulated, as on that day.

The liability of LPDJ under Smart Buy is limited to the extent of instalments/advances paid by the account holder(s) and the discount, as per Smart Buy and conditions contained herein, and thus does not lead to any other assurance or warranty whatsoever by the company.

Any conditions which are explicitly not covered above, would be the discretion of LPDJ at the time of transaction/redemption. The decision of LPDJ in this regard would be deemed as irrevocable and final.

Disputes if any will be subject to the Courts in Kanpur jurisdiction only, to the exclusion of any other Court's jurisdiction.

In case of any change in existing laws, rules, Acts, etc. by any regulatory authority, LPDJ reserve its right to make such modifications/change/suspend/discontinue Smart Buy suitable to the change of law and necessary requirements as per the same have to be complied with by the account holder.