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What's New
Gold Recurring Deposit Scheme:- Sukh Samriddhi
Period Premium Principal Maturity
12 1000/- 12000/- 13000/-
24 1000/- 24000/- 28000/-
36 1000/- 36000/- 45000/-
Terms & conditions:-
➤ Minimum deposit Rs.1000/- and in multiple of Rs. 1000/-
➤ Interest to be compounded on quarterly basis.
➤ Delay in depositing monthly installment will be charged @ 1.5 % per month. Minimum Rs.10 as penalty per 1000/- per month.
➤ GRD is a special scheme for a very short time. So, If any Member fails to deposit the installments regularly, then it will be taken as irregularity. So, in the case of irregularity no interest will be paid for irregular payment and only principal amount will be returned to the customer at the time of maturity.
➤ As GRD is a special scheme for a very short time. So, If any Advisor collects the monthly GRD installment from the cutomer and fails to deposit the monthly installments regularly in , then it will be also taken as irregularity. So, in the case of this type of irregularity will be taken as misuse of customer's money and no interest and commission will be paid for irregular payment and only principal amount will be returned to the customer at the time of maturity. Advisor will be himself responsible for this type of misactivity and he/she will have to pay proper interest to the customer at the time of maturity of his/her GRD policy.
➤ If the Advisor fails to pay proper interest amount to the customer and if the customer complains for the same, then Society has full rights to recover that interest amount from the Advisor and Society would be within its rights to take legal action against the Advisor.