Finance Company in Amritsar
 

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Finance Company in Amritsar
Finance Company in Amritsar Crown Recurring Deposit Finance Company in Amritsar
Base Amount INR 500 further in a multiple of INR 100
Period Rate of Interest Minimum Maturity Value
24 Months 12.00% INR 13622
36 Months 12.50% INR 21930
48 Months 13.00% INR 31600
60 Months 13.50% INR 42996
72 Months 14.00% INR 56587
Terms and Conditions:
  1. Opening of Recurring account with minimum of INR 500 and further in a multiple of INR 100
  2. Interest calculation monthly compounding.
  3. Defaulters will be charged at the rate of 2.00% per month per installment with a maximum period of three months. After this the total deposited amount will be paid back to the investor with the following rates of interest:
    18-24 Months- Simple rate of Interest @3.00% p.a.
    24-36 Months- Simple rate of Interest @4.00% p.a.
    36-48 Months- Simple rate of Interest @5.00% p.a.
    48-60 Months- Simple rate of Interest @6.00% p.a.
    60-72 Months- Simple rate of Interest @7.00% p.a.
  4. The monthly deposit of installment will attract a grace period of 30 days, after which the CRD will be considered as an irregular account and will attract extra charges as mentioned above.
  5. The amount of maturity will be paid after one month of the last installment has been paid or the date of payment whichever is later.
  6. The facility of premature payment is not available for irregular accounts. Even if one installment is not paid, the account will be considered as irregular account. On receipt of all the due installments, it will come under the category of a regular account.

Note: If the request for closing an account is received before the pre-maturity time mentioned in the plans, then only 2/3rd of the total deposited amount (without any interest) will be paid back to the customer.

Special Features:
  • Accidental Insurance maximum of INR 2,00,000 will be given as per the investment plan.
Premature Terms and Conditions
  • 24 Months – No Premature withdrawal is allowed.
  • 36 Months – Premature withdrawal is allowed only after completion of 18 months where an investor will attract only a simple rate of interest @ 4.5% p.a.
  • 48 Months – Premature withdrawal is allowed only after completion of 24 months where an investor will attract only a simple rate of interest @ 5.00% p.a.
  • 60 Months – Premature withdrawal is allowed only after completion of 30 months where an investor will attract only a simple rate of interest @ 5.5% p.a.
  • 72 Months – Premature withdrawal is allowed only after completion of 36 months where an investor will attract only a simple rate of interest @ 6.00% p.a.
Finance Company in Amritsar
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Finance Company in Amritsar
Contact Us
Registered Office
Office No. 203, TSL Plaza,
ESI Market, Plot No. 9, Sector-6,
Dwarka, Behind ICICI Bank, Delhi-110075
Contact No. +91-11-45570079

Corporate Office
S.C.O - 217, First Floor,
Above State Bank Of India,
Sector-14, Panchkula-134109 (Haryana)
Contact No. +91-172-2590079

Finance Company in Amritsar
Finance Company in Amritsar
Head Office
Shop No. 9-10, 3rd Floor,
Nehru Shopping Complex,
Lawrance Road,
Amritsar-143001 (Punjab)
Contact No. +91-183-5007979
Finance Company in Amritsar
Finance Company in Amritsar