1.
What products does SVBC GOLD Offer ?
Ans:
SVBC GOLD offers gold and silver bars with different denominations.
2.
Can I purchase at any center ?
Ans:
Yes, you can buy at any of our centers viz., Visakhapatnam, Vijayawada, Secunderabad, Chennai and Coimbatore.
3.
If I purchase at one center, can I take delivery at another center ?
Ans:
Yes, subject to product availability.
4.
How to become a Member ?
Ans:
In order to become a member in SVBC GOLD, approach to your nearest branch office with your KYC documents.
Only photostat copies of the below mentioned documents, attested by authorized person with office seal are required, to fill the KYC form.
I. PROPRIETOR
  • GST license.
  • PAN card.
  • Aadhar card / Letter / Voter ID / Passport / Driving license / Ration card.(Residence Address Proof).
  • Telephone / Mobile bill / Municipal pass book / License issued by the municipal authorities under Shop & Establishment Act / Rent Agreement ( Shop Address Proof ).
  • Latest bank account statement & cancelled cheque.
  • Delivery Authorization.
II. COMPANIES
  • GST license.
  • PAN card (Company).
  • Telephone bill / Rental agreement (Proof of principal place of business, mailing address of the company).
  • Certificate of incorporation and memorandum & articles of association.
  • All Directors Proofs - Pan, Aadhar card / Letter / Voter ID / Passport / Driving license / Ration Card.
  • Latest bank account statement & cancelled cheque.
  • Resolution of the board of directors to open an account and identification of those who have authority to operate the account.
  • Power of attorney (PoA) granted to its managers, officers or employees to transact business on its behalf.
  • Delivery Authorization.
III. PARTNERSHIP FIRMS
  • GST license.
  • PAN card (Firm).
  • Telephone bill in the name of Firm / Partners / Rental Agreement (Office Address Proof).
  • All Partners Proofs - Pan, Aadhar card / Letter / Voter ID / Passport / Driving license / Ration Card.
  • Latest bank account statement & cancelled cheque .
  • Firm registration certificate (If Registered).
  • Partnership deed(s).
  • Power of attorney (PoA) granted to a partner or an employee(s) of the firm to transact business on its behalf.
  • Delivery Authorization.
5.
What are the benefits of a Member ?
Ans:
i) Member can make online booking by entering the user name and password.
ii) Member will be kept informed about the gold / silver price whenever he makes a phone call.
iii) Member can place the order for a specified rate. If the market hits the rate as specified by the member in the business hours of the day, the order gets executed, otherwise the order gets cancelled automatically. The orders can be placed or cancelled only by a phone call.
iv) Member has to take the delivery of the executed order on the trading day or within the next three days i.e., trading day + three calendar days.
6.
Can I sell a gold or silver bar to SVBC GOLD ?
Ans:
No.
7.
Can I make cheque payment ?
Ans:
Yes, Cheque payments can be done, subject to their realization.
8.
Can I make payment through credit card ?
Ans:
No.
9.
How can I make payment through ‘Transfer’ ?
Ans:
You can transfer money to our SVBC GOLD account through
i) Account transfer.
ii) RTGS(Real Time Gross Settlement).
iii) GRPT(Group Transfer).
iv) NEFT(National Electronic Fund Transfer.
*Conditions apply
10.
What happens if I were given a defective Gold / Sliver bar. Can I return it to you for replacement ?
Ans:
Yes.