GLI Kisan Vikas Bond


GLI Kishan Vikas Bond
Rate of Interest (11%)84 Months
Deposit Amount Maturity
5000 10000
10000 20000
15000 30000
20000 40000
25000 50000
50000 100000
100000 200000

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.5000 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 This bond is only for kissan (farmer).
10. Most attractive rate of interest.
11. Maturity payment on time
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.



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