GLI Daily Deposit Scheme (D.D.S)

Our-Schemes

 
 
 
 
GLI Daily Deposit Scheme (D.D.S)
  • The minimum denomination of the scheme is Rs.25/- per day
  • 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 its branch.
DDS 1 Year (365 Days)
S.No. Deno Total Deposit Amount Maturity
1 25 9125 9398
2 50 18250 18796
3 100 36500 37593
4 200 73000 74187
5 300 109500 112780
5 400 146000 150374
5 500 182500 187967
5 1000 365000 375935
5 1500 547500 563903
DDS 1.5 Year (548 Days)
S.No. Deno Total Deposit Amount Maturity
1 25 13700 14249
2 50 27400 28499
3 100 54800 56999
4 200 109600 113999
5 300 164400 170999
5 400 219200 227999
5 500 274000 284999
5 1000 548000 569998
5 1500 822000 854997
DDS 2 Year (24 Months)
S.No. Deno Total Deposit Amount Maturity
1 25 18250 19332
2 50 36500 38664
3 100 73000 77329
4 200 146000 154658
5 300 219000 231988
5 400 292000 309317
5 500 365000 386647
5 1000 730000 773294
5 1500 1095000 1159941
DDS 2.5 Year (30 Months)
S.No. Deno Total Deposit Amount Maturity
1 25 22825 25018
2 50 45650 50036
3 100 91300 100072
4 200 182600 200145
5 300 273900 300218
5 400 365200 400291
5 500 456500 500364
5 1000 913000 1000728
5 1500 1369500 1501092
DDS 3 Year (36 Months)
S.No. Deno Total Deposit Amount Maturity
1 25 27375 30932
2 50 54750 61865
3 100 109500 123730
4 200 219000 247461
5 300 328500 371191
5 400 438000 494922
5 500 547500 618653
5 1000 1095000 1237306
5 1500 1642500 1855959
DDS 4 Year (48 Months)
S.No. Deno Total Deposit Amount Maturity
1 25 36500 42302
2 50 73000 84605
3 100 146000 169210
4 200 292000 338421
5 300 438000 507631
5 400 584000 676842
5 500 730000 546052
5 1000 1460000 1692105
5 1500 2190000 2538158
DDS 5 Year (60 Months)
S.No. Deno Total Deposit Amount Maturity
1 25 45625 54748
2 50 91250 109497
3 100 182500 218993
4 200 365000 437988
5 300 547500 656982
5 400 730000 875976
5 500 912500 1094970
5 1000 1825000 2189941
5 1500 2737500 3284912

Tenure of Payment
The tenure of the account is 12 months and above.

Mode Of Payment:-
a) All payments to the company shall be made either in cash or by cheque/draft against the receipt countersigned by its    authorized signatory payments by any mode or media other than mentioned above shall be at the member account     holder’s own risk. The cheque/draft shall be credited in the name of member Account Holder subject to clearance by the     bank. Out station cheques shall not be accepted.
b) Installments are to be paid regularly in each working day. The member account holder will have to deposit 30 days     payment in the month.

Issue Passbook:-
A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.

Maturity:-
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

  • Maturity payment of regular accounts.
    On deposit of Rs. 10/- per day Maturity Amount shall be paid to the Member Account Holder within 7 days from the demand made with the company as per the following chart(for daily mode)
  • Maturity Payment of irregular accounts.
    The account where in the member Account Holder has not continued the account regularly, as specified in clause (1) above would be treated as irregular Account. 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 principal 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.
Pre Mature Closure Of Deposits:-

Fore closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.

 
 

ss

   
Copyright © 2018. Golden Life India Nidhi Limited. All rights reserved.