Daily Deposits

Terms & Conditions:-

• Minimum Amount of Investment of Rs100/- & thereafter multiple amount of Rs 100/-
• The company reserves the right to reject any application for opening the account without assigning any reason
• The company reserves the right to attach/transfer any account to any of its branch
• Daily Deposit Minimun 1000 and 1000 multiple
• Defaulters will be charged Rs. 5/- per Rs.100 per 15 days.
• The tenure of the account is 12 months and above
• The Member Account Holder shall surrender the passbook and duly signed maturity form to the company and the maturity shall be paid along with interest as per the below mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period
(i) Maturity payment of regular accounts :-
Maturity amount shall be paid to the MemberAccount Holder within 7 days from the demand made with the company
(ii) Maturity Payment of irregular accounts :-
The account where in the memberAccount Holder has not continued the account regularly, as specified in clause
(i) above would be treated as irregularAccount. The company will charge liquidated damages on these irregular accounts on account of non receipt of deposit installments in time and the resultant loss of investment opportunity. etc. The liquidated damages would be deducted from or adjusted against the interest amount payable to the member account holder. No deduction of any kind shall be made from the principle amount deposited by the member account holder. Therefore, at the time of maturity, the payment in these accounts shall be made with interest as per the chart available at the company offices.
(iii) Pre-Maturity is not allowed at any point of time but member can avail loan facility.