Tradition & Vision

Jewel Rich is for those who want to fulfill their sparkling dreams, bring home prosperity and shine in style.

That is why, we promise you:

  • Jewelrich is an aggregator for monthly jewellery saving/loyalty schemes which offers complete 360 degree services and convenience to choose and compare your favourite jeweller scheme.
  • Safe and secure savings/loyalty plan.
  • Alerts and reminders, so that you don’t ever miss a single moment of your dream.
  • Wide database of jewellers around India.
  • Authenticated by the best industry and government organisation.
  • Ease in comparison of jewellers and their offerings, plans or discounts.
  • Reference checks and credibility.

Mode of Payments

We promise you convenience and ease in payment options. So, you don’t have to worry about leaving your comfort zone to make the payments. You can simply log in and make payments online, through:

  • NEFT (to know more about NEFT click Here)
    What is NEFT?

    National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.

    How is NEFT different from RTGS and EFT?

    NEFT is an electronic payment system to transfer funds from any part of country to any other part of the country and works on net settlement basis, unlike RTGS that works on gross settlement basis. While EFT is restricted to the fifteen centers (only where RBI offices are located), NEFT is a nation-wide electronic fund transfer system. National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) allow individuals, companies and firms to transfer funds from one bank to another. You can check the RBI website for a list of NEFT and RTGS-enabled branches of your bank. These facilities can only be used for transferring money within the country.

    To opt for these, there are two options

    [A] For one time NEFT transaction you need to fill a form providing the beneficiary details — Beneficiary Name: Account number: Bank Name: Bank branch Address: Indian Financial System Code [IFSC] (11 Digit): Unique Code to identify the Bank Branch You have to submit a cheque while opting for this facility at your bank branch.

    [B] You can also transfer funds through net banking. These are third-party transfers and the option is available under the same header on your net banking home page. Sample online page of one of the bank is as below. Your Bank page may be different from below.

    See sample screen-shot attached on how to add beneficiary.

  • NACH (to know more about NACH click Here)
    What is the Difference between NACH and ECS?
    There are four types of electronic clearing services:
    1. Local ECS
    2. Regional ECS
    3. National ECS
    4. NACH

    While the Local ECS, Regional ECS, National ECS are controlled by the Reserve Bank of India or by the designated commercial banks, NACH functions on all India platforms managed by the National Payments Corporation of India (NPCI).Since NACH aims to replace the existing ECS systems, let us discuss a few differences between the two systems.

    1. ECS is a manual process and, thereby, takes a lot of time and faces verification issues. In NACH, the workflow is defined and this helps save a lot of time.
    2. Unlike ECS, NACH provides a unique mandate registration reference number which can be used for future reference.
    3. NACH involves less paperwork, so the rejection ratio is less as compared to ECS.
    4. With NACH, your payment gets settled on the same day, while ECS takes 3 to 4 days for the same.
    5. NACH features a dispute-management system, which will resolve your issues easily, while ECS has no such systems in place.
    6. NACH registrations take only 10 days, while ECS registrations take up to 30 days.
    A few more features of NACH
    1. Incorrect details such as your bank account number, IFSC code, etc. can result in your NACH getting rejected.
    2. The service is now active in all Indian banks with core banking facility. So NACH can also be rejected if the investor’s bank is not a part of NACH.
    3. You just have to submit the cancellation form to stop NACH any time.
    4. There is no limit on how many NACH mandates you can register.
    5. The default NACH mandate has been set to 31/12/2099.
    What are the Benefits of NACH ?
    1. Faster turnaround

      NACH provides a variety of facilities that include standardising and digitising the mandates, simplifying them, reduction of the activation time and reducing the cost of operation. The process of activation of ECS mandates had a longer turnaround time (30 days) than what it is expected to be in NACH (10 days). Also, the Aadhar-based benefit transfers have been simplified.

      For customers, this means payments of premiums, bills and loan installments etc. on time every month or specified time period. Banks, on the other hand, save time and minimise their dependencies on cheques or other such paper-based transactions.

    2. Easy registration

      NACH is a one-time registration process, like ECS, that provides flexibility to investors who can make a single payment for any lump-sum investment or through Systematic Investment Plan (SIP). However, the time taken for the registration process is said to have been reduced in NACH.

      The registration process itself has not changed; the only thing you need to do is collect the NACH form instead of the older ECS form.

    3. Effect on SIPs and other recurring payments.

      Keeping in view the circular issued by NCPI, it is better to use NACH forms for transactions as banks may soon stop accepting ECS forms altogether. You can get the NACH form from online also just login to your account go to your scheme details section click on the Download NACH form and take print out of the Mandate form. After Print out please check to make sure the print size is as per prescribed size of 8.5 X 3.661 inch.

    4. Which Banks  support NACH?

      The list of banks activated for NACH system keep changing on regular intervals with introduction of new banks. Presently, the NACH system is applicable to about 1000 banks. To view the list of banks, you can visit NPCI website and download Excel file from  Products & Services > National Automated Clearing House > NACH Live Banks.

    NACH Sample Registration form.

  • Credit Card/Debit Card/Online Net Banking