1. Summary
  2. Terms and Conditions of ‘Gold Accumulation Plan’


These “terms” are “Conditions of Use” (“Terms”) and represent an electronic record inside the means of the applicable laws. This electronic record is generated by an ADPS and doesn’t need any physical or digital signatures. These Terms shall be added to and not in derogation to the other terms as stipulated from time to time. By transacting for GAP on the Google Pay platform, you’re agreeing to and settling for these Terms between MMTC-PAMP and you.

Terms and Conditions of ‘Gold Accumulation Plan’

  • In these Terms, references to “you”, or “Customer” shall mean the counterparty World Health Organization transacts victimization the Google Pay “Platform”, being a natural person, shopping for Gold from MMTC-PAMP, transferring Gold to different GAP client, redeeming Gold within the style of redeemable merchandise oversubscribed by MMTC-PAMP, commerce back Gold to MMTC-PAMP and receiving different connected services in respect to GAP. “Platform” or “Google Pay Platform” shall mean, and embody, the mobile platform (mobile apps) operated by Google Bharat Digital Services personal restricted, that the client accesses for the GAP transactions through the Platform. “service suppliers” mean freelance third-party service providers, and references to the “Seller”, “MMTC-PAMP”, “we”, “us” and “our” shall mean MMTC-PAMP Bharat personal restricted, the owner of the GAP providing and also the entity which will sell Gold and supply all different GAP connected services apart from payment facility and also the direct client interface/support (“MMTC-PAMP PAMP Services”).
  • MMTC-PAMP reserves the proper to vary these Terms at any time. Such changes are effective once announce on the Platform and shall be deemed to be notified to the client consequently. withal something contrary, the client shall be liable for frequently reviewing the Terms, together with amendments to it as could also be announced on the Platform and shall be deemed to possess accepted the amended Terms by continued the employment of Platform.
  • The client represents and warrants that these Terms constitute a legal, valid, and binding obligation of the client which all orders to be placed and transactions to be conducted below these Terms are lawful;
  • In capital punishment and giving result to those Terms, the client doesn’t and cannot infringe any provision of the other document or agreement to that the client could be a party, nor any law or judgment/order binding upon it;
  • MMTC-PAMP shall be entitled to gather, store and share relevant info and documents provided by the client on the Platform for KYC functions. Further, as and once needed by MMTC-PAMP, the client is needed to produce further documents for fulfilling the KYC needs through the Platform just in case of amendment of your existing info or verification documents provided by you.
  • We tend to reserve the proper to deactivate your GAP account, in the event you fail to produce KYC documents/info to MMTC-PAMP inside needed timelines. The GAP account could also be activated solely upon the submission of relevant documents.
  • All info equipped by the client on Google Pay Platform is, or at the time its equipped are, correct altogether material respects and also the client won’t omit or withhold any info which might create such info inaccurately
  • You shall be liable for the correctness of knowledge provided to MMTC-PAMP / on the Platform from time to time. If you’ve got reasons to believe that there’s a blunder within the info volume to MMTC-PAMP / on the Platform, you shall now advise MMTC-PAMP in writing and like a shot give correct/updated info.
  • MMTC-PAMP reserves the proper to indefinitely suspend or terminate or block access to any GAP account on the Platform, with or all of sudden to you, within the event the KYC documents/info are found to be incorrect or legitimacy of the documents/info is found to be uncertain. You herewith undertake to indemnify and keep indemnified MMTC-PAMP against any and every one losses, claims, liabilities prices, etc. that arise out of or concerning your failure to spot yourself and validate your account promptly and/or thanks to incorrect KYC documents/info.
  • you’ll be able to supply to shop for Gold price Rs. 1.00 (Rupee One Only) and on top of progressive worth thence at the live terms of Gold of 999.9 purity displayed on the Google Pay platform. Wherever errors have occurred within the valuation of transactions displayed on the Google Pay Platform to the client, MMTC-PAMP reserves the proper to not be certain by such a quote or dealing.
  • Payments are accepted through your checking account mapped with Google Pay or the other payment choices created obtainable on the Platform. At the time of every purchase/transfer/redemption / sale-back, the relevant taxes are guilty as applicable as per the government rules.