UNITED LAKH PATI YOJONA
|SL. No.||Yearly Mode of Amount||Tenure of Years||Principal of Amount||Interest of Amount||Maturity of Amount||Secured Loan|
|After 36 Months||After 48 Months|
TERMS & CONDITIONS
- Members are entitled for accidental death help** to the extent of Rs. 1,00,000 upon regular deposit of atleast two instalments.
** Condition is applicable, when deposits have been received regularly without any default, only in case of accidental death and upon production of necessary documents and preliminary scrutiny report of the society. Society shall not accept any accidental death help claim after the maturity of the deposit or when the deposit has been premature.
- Members are entitled to take loan to the extent of amount percentage as specified in the table above.
- Members would be given Passbook against the deposit and is bind by the terms and conditions mentioned therein.
- Any addition would be in multiple of Rs. 710.
- Loan secured against deposit shall be provided at an interest rate of 1.75% compounded per month.