FREQUENTLY ASKED QUESTIONS- DEPOSITS

 

What is the current Rate of Interest?

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Any special schemes for Senior Citizens?

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What is the financial health of the Company?

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Is Security of deposits assured?

Company has been rated MA(-) by credit rating firm ICRA which certifies adequate safety of the funds invested and timely payment of principal and interest. (Certificate copy can be provided on request)

 

Can I take a loan against my deposit?

Yes, upto 75% of the deposit amount. For details, refer to Terms & Conditions.

Can I make pre-mature withdrawal?

For details, refer to the application form.

Is there any penalty for pre-mature withdrawal?

For details, refer to the application form.

Is TDS applicable on the deposits?

For details, refer to the application form.

Applicability of Form 15G and 15H (TDS exemption)

Form 15G is applicable for citizens below the age of 60 years and Form 15H is applicable for citizens above the age of 60 years.

Interest will be paid monthly or quarterly?

Interest is paid on a monthly basis through ECS (Electronic Clearing Service).

Can I place deposit in cash?

Cash deposits are not allowed as per RBI instructions. Depositors can either pay by cheque/ECS, Banker’s cheque/Demand Draft.

Minimum deposit accepted isRs.10,000/- and further on in multiples of Rs.1,000/-

Documents to be submitted for raising deposits.

KYC (Pan card, Voter ID Card, Passport, Aadhar card mandatory)

Address Proof (Voter ID Card, Passport, Aadhar, Utility bills, Ration card)

Copy of cheque of bank account in which interest is solicited.

For any further queries,feel free to contact our Customer Care department

on:90030 33533 or through E-mail: care@govefinance.in