Terms & Conditions:
- It is mandatory to become a member in the company.
- Company will issue one shares (100/- Rs each) for FD Plan
- Fixed Deposit account can be opened with minimum Rs. 10,000 /- and further in multiple of Rs. 5000.
- In this scheme interest will be calculate compounded yearly basis.
- TDS Deduction will be asper and income tax Act.
- Premature facility not be available 3 months after opening of account.
- If F.D. is matured after 3 months but before 6 months no interest willbe paid.
- If any personappliesfor prematurepayment of his/her F.D the person will be paid 2% less of maturity amount after 6 months.
- In case of death of a depositor, the company will repay to nominee or legal hares the principle & interest according to scheme tenure.
- Loan facility is available against deposits up to 70% of deposited amount after one month from the date of deposit.
- No interest or profit will be payable in the scheme after the maturity..
- Company Management reserve right to change/alter in the scheme.
- In case of any dispute in this scheme, the decision of the company management will be final and valid.
- The tenure of the account 12 months and above.
Issue of Bond:
A FD BOND will be issued to every member of account holder. If any discrepancy or differenced in the amount is found between the entries made in the BOND and receipts duly counter signed by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.
Required Documents for Account Opening:
To abide by the KYC (Know Your Customer) policy of RBI & Govt. and approved KYC norms of our company, we insist to produce Three recently colored photograph along with one document of
Identify Proof
- Ration Card with photo
- Driving License,
- PAN card,
- Voter ID card,
- Passport,
- Aadhaar Card
- Any other ID issued by Govt. Authorities
And one document of residential Address proof
- Utilities (Telephone Bill, Electricity Bill, Water Bill)
- Bank Account / Credit card statement
- UIDAI ( Aadhar ) Card
- PAN Card
- Driving License
- Voter ID
- Bank Statement
- Electricity Bill
- Passport