Who can Invest:- Deposits will be accepted only from Mumbai resident individuals.
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Rate of Interest:- 10% pa for a period of 3 years payable half yearly.(Monthly
for single deposit of Rs. 40,000 or more).
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Deposit Amount:- Min. Rs. 15,000 and in multiples of Rs. 1,000 thereafter.
No Max. Limit.
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Tax Aspect:- Tax will be deducted at source as per I.T. Act 1961. For non
TDS, Form 15 G/ 15 H(as applicable) to be filled along with the form.
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Documents :- Fully Filled Application Form and cheque/DD, PAN Card Xerox
and a Required cancelled cheque (for ECS Mandate).
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