The Golden LockerLock every month's gold rate.

How it works and redeems

• The Golden Locker is an advance for the purchase of 22 karat jewellery. It is not a deposit or an investment and carries no interest or return.
• Up to 11 instalments may be paid, each of a maximum of ₹50,000, so the total of an account cannot exceed ₹5,50,000. No more than 3 instalments may be paid in any month. No instalment may be less than the first instalment. Instalments may be increased at any time. Instalments need not be paid every month. A missed instalment may be paid in any later month, within the limit of 3 a month, and is booked at the rate on the day it is actually paid. Missed months do not move the redemption dates, and fewer instalments mean a lower benefit under clause 5.
• Each instalment is converted into 22 karat gold weight at the Company's 22 karat rate on the date of deposit, which is a rate excluding GST. That weight is recorded in the customer's Golden Locker account.
• The booked weight may be redeemed at any time. The making charge benefit depends on both the time since registration and the instalments paid: redeemed within 7 months of registration, no benefit; redeemed after 7 months with at least 7 instalments paid, 60%; redeemed between Day 331 and Day 365 with all 11 instalments paid, 100%. Paying instalments early does not shorten these periods, so 7 instalments paid in 3 months still earn 60% only after 7 months.
• The accumulated weight must be redeemed by Day 365 from registration. If it is not, the Company adjusts it against 22 karat jewellery of equal weight, held for the customer to collect, and no making charge benefit applies.
• The gold is booked in 22 karat and is redeemed only against 22 karat gold jewellery. It cannot be converted into 24 karat gold, coins, bars, silver, diamond jewellery or any other karat or item. Redemption is at any Londe Jewellers showroom, by the registered customer on photo ID and the registration receipt.
• The customer selects jewellery of at least the booked weight. Any balance weight is redeemed the same day against other 22 karat jewellery. Weight above the booked weight is charged at the day's 22 karat rate with full making charges.

What you pay

• The making charge benefit applies only to the accumulated weight and cannot be combined with any other offer. GST at the prevailing rate is charged on the full invoice value at billing, including the booked weight. Hallmarking charges and any other statutory tax or fee are extra, and stone charges are extra where the piece has stones. Example: with 10 g booked and a 20 g piece, making charges are waived on 10 g, the other 10 g is charged at the day's rate with full making, and GST applies on the full 20 g invoice.
• Card payments carry bank charges, payable by the customer. A dishonoured cheque or failed payment is treated as not paid. Total cash across all instalments of an account must stay below ₹2,00,000, as required by the Income-tax Act, 2025. Payments beyond that are accepted only by cheque, UPI, card or bank transfer.

Terms and conditions

• Registration is mandatory, with photo ID, PAN and mobile number. The first instalment is a minimum of ₹1,000.
• KYC at registration: Aadhaar Card, PAN Card where applicable, bank account details and mobile number. Payments are accepted by cash within legal limits, cheque, UPI, RTGS, NEFT, online banking, debit card and credit card.
• No refund. Amounts paid are not refunded in any circumstance, in cash or by any other mode, and no cashback is given. The scheme holds gold weight, not money. If payments stop, the weight already booked stays in the customer's name and is redeemed against 22 karat jewellery.
• Every instalment is issued a receipt and entered in this card with staff signature. Keep all receipts. If this card is lost, the receipts and the Company's records apply.
• The account is not transferable. On the death of the customer, the booked weight is redeemable by the legal heir on production of the death certificate and proof of heirship.
• Jewellery bought under the scheme is exchanged or bought back under the Terms and Conditions of Sale, and the making charge benefit is treated as a discount given on the invoice.
• The Company may change these terms and the benefits of the scheme, or suspend or close the scheme, at any time, including for existing accounts. A change applies from the date it is displayed at the showrooms or published at www.londejewellers.com. Weight already booked always stays in the customer's name and redeemable against 22 karat jewellery.
• By enrolling, the customer accepts these terms. These terms and the Terms and Conditions of Sale printed on the invoice apply. No promise by any staff member outside these terms binds the Company.
• Disputes are subject to the courts at Nagpur, without affecting the right of a consumer to approach the Consumer Commission.