Terms & Conditions
- The current interest rate is 4.5% for one Month
- Interest amount will be paid at the beginning of the investment period
- The principal amount will be repaid(Credited) through bank at the end of the plan
- In Non Cumulative Interest, Interest will be paid at the beginning of the month within 48 hours
- In Cumulative Interest for first month interest will be added to deposit at the second month
- Interest will be issued for the monthly cycle. It can be 30/31/29/28 days by the calculation will be like 27/feb to 26/march
- If you miss the payment on the due date, you can pay it late but the monthly cycle remains the same. And Interest Caluclated for remaining days Only.
- In that case, while paying interest that number of days will be reduced and the interest will be paid for the remaining days on the monthly cycle.
- If you miss any monthly payment there will not be any stop in monthly cycle
- You can continue for next month without any formalities
- In interest calculation your interest will be calculated and added for the previous amount and the cycle continues.
- If a person wants their money back before the end of a monthly cycle, the previously paid interest amount will be deducted from the principal for the rest of the days which is not covered on the monthly cycle.
- Any person who is above 18 Years with a bank account can invest.
- Non-Resident Indians can also invest.