GLI Fixed Deposit Scheme

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GLI Fixed Deposit Scheme (F.D.)
Deno 1 Year 2 Year 3 Year 4 Year 5 Year
Rate of
Interest
7.5% 8% 8.25% 8.5% 9%
Deposit Maturity Maturity Maturity Maturity Maturity
1000 1075 1166 1268 1385 1539
5000 5375 5832 6342 6929 7693
10000 10750 11664 12685 13860 15386
15000 16125 17496 19027 20789 23079
20000 21500 23328 25370 27717 30772
25000 26875 29160 31712 34646 38466
50000 53750 58320 63424 69293 76931
100000 107500 116640 126848 138586 153862

Nomination:-
Nomination facility is available for Deposits. There can be one Nomine for a deposit account withers held singly jointly. Applicants can make nomination by filling up the prescribed form. The nomination details can be changed during the subsistence of the account relationship by filling up the prescribed form.
Tenure of Payment
The tenure of the account is 12 months and above.
1. It is mandatory to be a member in the company.
2. Company will issue 10 shares (10/-Rs Each) for FDS.
3. Minimum FD would be of Rs.1000 and further in multiple of Rs.1000.
4. Interest calculation yearly compound.
5. TDS deducted to be deducted on interest paid by Golden Life India Nidhi ltd. Deposit as per provisions and income tax act.
6. Loan available against deposits up to 60% of deposited amount after one month from the date of deposit
7. Rate of interest on loan against FD would be 5% higher than applicable rate of interest.
8. Pre maturity is not available.
9 Maturity payment time to time.
10. Most attractive rate of interest.
11. The period of deposit is minimum 6 month maximum 5 years.
12. Note :- Depositors can choose from a wide range of GLI Fixed Deposit products with maturities ranging from 6 to 60 months at competitive rates of interest and with different feather to suit the investment needs of individual member
13. Interest amount is subjects to TDS as per provisions of Sec. 194A of the income tax Act. 1961.
T&C

 

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