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Terms & Conditions

VIINDHYA AU BULLION LLP
B-15 & 16, Industrial Estate, Sanathnagar Road, Hyderabad, Telangana, India.

Agreement Overview

The Agreement made and executed on this the ____ day of _____________ (Month and Year), at Hyderabad by and between:

  • VIINDHYA AU LLP, Represented by its Designated Partner, CH. ANJAN PRASAD, age: 42 years, having its Registered Office at B 15& 16, Industrial Estate, Sanath Nagar Road, Hyderabad, Telangana - 500018. (Hereinafter called as "VAL")
  • Customer: Name and Aadhar Number (Hereinafter called as "CUSTOMER")

VIINDHYA AU LLP is an Indian conglomerate... (Introductory company description omitted for brevity)

Terms and Conditions

  1. The present Agreement is accepted by both parties for CUSTOMER's purchase of Gold from VAL.
  2. Interpretation & Definitions:
    • Application or App: The software program provided by VAL downloaded by Customer on any electronic device, named VIINDHYA
    • Affiliate: An entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
    • Account: A unique account created for Customer to access our Service or parts of our Service.
    • Country: Telangana, India
    • Company: VIINDHYA AU BULLION LLP, B15 & 16, Industrial Estate, Sanath Nagar, Hyderabad.
    • Content: Refers to content such as text, images, or other information that can be posted, uploaded, linked to or otherwise made available by Customer, regardless of the form of that content.
    • Device: Means any device that can access the Service such as a computer, a cellphone or a digital tablet.
    • Feedback: Means feedback, innovations or suggestions sent by the Customer regarding the attributes, performance or features of our Service.
    • Goods: Refer to the items offered for sale on the Service.
    • In-App Purchase: Refers to the purchase of a product, item, service or Subscription made through the Application and subject to these Terms and Conditions and/or the Application Store's own Terms and Conditions.
    • Orders: Mean a request by Customer to purchase Goods from Us.
    • Service: Refers to the Application or the Website or both.
    • Subscriptions: Refer to the services or access to the Service offered on a subscription basis by the VAL to Customer.
    • Terms and Conditions: These Terms and Conditions that form the entire agreement between Customer and the VAL regarding the use of the Service.
    • Third-Party Social Media Service: Means any services or content (including data, information, products or services) provided by a third-party that may be displayed, included or made available by the Service.
    • Website: Refers to VIINDHYA, accessible from Viindhya.viindhyabullion.com
    • Customer: The individual accessing or using the Service, or the VAL, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
  3. Minimum Purchase: The minimum purchase that a Customer can buy Gold from VAL is 10gms. The term "Gold" refers to 99.9 Quality Gold, 24 carats. Delivery is in the form of Gold Coins or Bars only.
  4. Purchase Schedule: Only in multiples of 10 grams. No upper limit.
  5. Price Fixing: The screen rate of viindhyabullion.com is the standard for calculation. Price must be fixed on the official website. Down payment is 25% of the total Gold price.
  6. Modes of Payment: Only bank-to-bank transactions, including Debit Card, Credit Card, Cheque, RTGS, UPI, or Viindhya wallet. Option for auto-pay is available.
  7. Scheme Benefits: Additional 10% Gold at the end of the scheme. Group size: minimum 54 members. Plan duration: 10 months.
  8. Procedure: KYC required. Price fixing and group lock-in. Down payment and EMI options. Bonus returns and monthly lucky draw. TDS applies to winners.
  9. Encashment: Gold can be liquidated after three working days of final delivery.
  10. Delivery: Delivery address provided by the Customer at the time of submitting their KYC (While entering the present Agreement) is considered as the only address for communication and shall be treated as Authenticate Address. If for any reason, when the VAL's Logistics Partner is unable to deliver the Allotted Gold because of improper address of Customer or Customer not living in the address or Customer leaving the address - once for all or the whereabouts of the Customer is not known, the Scheduled Gold Delivery will be returned to the VAL's Head Office at Hyderabad and the Customer is bound to Physically verify Himself/Herself at the Logistics Delivery Counter at VAL's Head Office. Only upon such detailed verification and submission of Original Aadhar Card & Original Purchase Agreement for verification, the VAL makes sure that the Customer is guaranteed the delivery of Customer's allotted Gold. Any changes to the delivery address should be informed by the Customer to the VAL at all means and situations. Without there being proper submission of Change of Address, the delivery address cannot be accepted for avoiding illegalities and for following accurate delivery procedures. Until all such inconsistencies are cleared, the nondelivered Gold is withheld with the VAL.
  11. Nominee: In case of death of the present Customer, the name of the Nominee submitted here shall be considered for the delivery of the Gold. The Nominee has to sign and submit a Supplementary Deed by submitting His/Her KYC.
  12. Rights: Only the Customer has rights under this agreement.
  13. Acknowledgment: These are the Terms and Conditions governing the use of this Service and the Agreement that operates between Customer and VAL. These Terms and Conditions set out the rights and obligations of all users regarding the use of the Service.
  14. Placing Orders: Customer must supply relevant information and warrants its accuracy.
  15. Order Cancellation: VAL reserves the right to refuse or cancel Customer's Order at any time for certain reasons including but not limited to: Goods availability, Errors in the description or prices for Goods, Errors in Customer's Order, Not sufficient members to start the scheme, Fraud or an unauthorized or illegal transaction is suspected.
  16. Customer's Cancellation Rights: Any Goods Customer purchases can only be returned in accordance with these Terms and Conditions and Our Returns Policy. 30% deduction if opting out mid-way. Amount returned after scheme duration.
  17. Failure to Pay EMIs: If a Customer fails to pay a monthly installment, He/She can pay the defaulted month EMI along with the next month EMI and there will be a fine equivalent to Ten Percent of the EMI. If a Customer fails to pay 2 EMIs consecutively or during the entire tenure, the fine will be equivalent to Twenty Percent of the EMI, and He/She will be ineligible to take part in Lucky Draw from thereon. If a Customer fails to pay Three months EMI consecutively or during the entire tenure, the scheme for that Customer will be closed and He/She will be removed from the group. The installments already paid by Him/Her will be refunded to the Customer after the scheme is finished after deducting the procedural charges incurred which is Thirty Percent of the amount paid by the Customer. Fines and removal from group for non-payment. Refund after scheme minus charges.
  18. Availability, Errors, and Inaccuracies: We are constantly updating Our offerings of Goods on the Service. The Goods available on Our Service may be mispriced, described inaccurately, or unavailable, and We may experience delays in updating information regarding our Goods on the Service and in Our advertising on other websites. We cannot and do not guarantee the accuracy or completeness of any information, including prices, product images, specifications, availability, and services. We reserve the right to change or update information and to correct errors, inaccuracies, or omissions at any time without prior notice.
  19. Prices Policy: The VAL reserves the right to revise its prices at any time prior to accepting an Order. The prices quoted may be revised by the VAL subsequent to accepting an Order in the event of any occurrence affecting delivery caused by Government action, variation in Custom Duties, increased shipping charges, higher foreign exchange costs and any other matter beyond the control of the VAL. In that event, Customer will have the right to cancel His/Her Order. Customer can cancel if prices change due to external factors.
  20. Severability: If any provision of these Terms is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.
  21. Waiver: Except as provided herein, the failure to exercise a right or to require performance of an obligation under these Terms shall not affect a party's ability to exercise such right or require such performance at any time thereafter nor shall the waiver of a breach constitute a waiver of any subsequent breach.
  22. Indemnity: The Customer agrees to protect and hold VAL harmless from any losses, claims, damages, or legal costs arising from misuse of the plan, violation of terms, or any unlawful activity related to this agreement: Any breach by the Customer of the terms and conditions of this Agreement, Any misrepresentation, false information, or non-disclosure provided by the Customer, Any misuse of the Viindhya Gold Purchase Plan or services provided thereunder, Any violation of applicable laws, rules, or regulations by the Customer, Any third-party claim arising from the Customer's actions or omissions related to this Agreement. This clause shall survive the termination or expiry of this Agreement. VAL reserves the right to take appropriate legal action in case of any breach or misconduct that results in reputational or financial harm to the Company.
  23. Due Diligence: The Customer confirms that they have read and understood the terms of this plan and have conducted their own due diligence before enrolling. VAL is not liable for decisions made based on assumptions or incomplete information. VAL encourages all Customers to seek independent financial, legal, or tax advice where necessary before making any investment or financial commitment. VAL shall not be held liable for any misunderstanding, lack of knowledge, or assumptions made by the Customer regarding the nature or functioning of the plan. By signing or agreeing to this plan, the Customer confirms that they are doing so with full awareness and understanding of all relevant aspects, and at their own discretion.
  24. Force Majeure: Viindhya Gold Purchase plan shall not be liable for any delay or failure to perform its obligations under this Agreement due to events beyond its reasonable control. These events include, but are not limited to: Natural disasters (flood, earthquake, storm), War, terrorism, or civil unrest, Government restrictions or lockdowns, Labour strikes or industrial actions, Pandemics or public health emergencies, Failure of utility services or communication systems. In such events, Viindhya Gold Purchase plan will notify the Customer as soon as possible and will resume performance once the situation allows.
  25. Translation: These Terms and Conditions may have been translated if We have made them available to Customer on our Service. Customer agrees that the original English text shall prevail in the case of a dispute.
  26. Changes to Terms: We reserve the right, at Our sole discretion, to modify or replace these Terms at any time. If a revision is material We will make reasonable efforts to provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at Our sole discretion. By continuing to access or use Our Service after those revisions become effective, Customer agrees to be bounded by the revised terms. If Customer does not agree to the new terms, in whole or in part, please stop using the website and the Service.
Contact Us

If you have any questions about these Terms and Conditions, you can contact us:
Email: support@vibullion.com
Phone: 18006487254546

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