|Rate of Interest||10.5%||11%||11.5%||12%||12.5%|
|Principle Amount||Year 1||Year 2||Year 3||Year 4||Year 5|
Tenure of Payment
The tenure of tile account is 12 months and above.
Mode of Payment
AIl 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
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.