1. Who is eligible for the Indriya Buyback Programme (IBP)?
Customers who have purchased products from Indriya and possess the original Tax Invoice or Certificate of Authenticity are eligible for the buyback programme.
2. What is the process for buyback under Indriya Buyback Programme (IBP)?
Customers can initiate a buyback by filling and signing the Indriya Exchange/Buyback Programme Request Form and providing necessary KYC (Photo ID proof with address) and banking details.
3. How is the buyback value determined?
The value is determined based on prevailing rates of metals and stones at the time of buyback, considering the net weight of metal and stones brought for buyback, minus applicable deductions mentioned in the programme. Discounts offered during the original purchase are deducted from this value, while making charges and taxes are not considered.
4. What are the applicable deductions under Indriya Buyback Programme (IBP)?
IBP includes deductions of 3% towards buyback of Coins, Plain Gold, & PJWS, 10% towards Studded, Diamond, & Polki Jewellery & 15% for any Solitaire.
5. How and when will I receive the buyback value?
The buyback value will be transferred via RTGS/NEFT to your bank account within 7 working days from the valuation of the jewellery.
6. What items are not eligible for buyback?
Non-eligible items include fixed price products, solitaires higher than 2 carats and products without the original tax invoice or certificate if authenticity.
7. What happens if my jewellery is damaged or defective?
Indriya reserves the right to inspect the jewellery to determine if buyback is appropriate. Items with variances from the original specifications in the Certificate of Authenticity will be evaluated accordingly.
8. How can I inquire further about buybacks?
For inquiries regarding buybacks, returns, refunds, or exchanges, please contact Indriya's customer service team at 1800-210-8383.
9. Are there any additional requirements to complete the buyback process?
Yes, all customers must fill and sign the Indriya Exchange/Buyback Programme Request Form, provide KYC documentation, and banking details. For transactions equal to or greater than Rs. 2.0 lakh, a self-attested PAN Card copy is required, and physical presence may be necessary.
These FAQs cover the key aspects of the Indriya Buyback Programme to provide clarity and guidance to customers seeking to participate in the programme. For more detailed information, please refer to the complete programme available on our website or contact our customer service team directly.