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Soneri Bank’s 5 years Golden Deposit Certificates provide monthly
income based investment opportunities to small and medium income group
investors, Charitable/ Benevolent Funds, Trusts, Societies, Associations
and Clubs with an attractive return. Business Firms and Corporate can
also invest.
Salient features of Golden Deposit Certificates:
- Annualised Rate of Expected Profit 10.25% p.a.(Effective from Nov 1, 2007. However deposits prior to Nov 1, 2007, shall be continue same rate up to their respective maturity dates.)
- Certificates are issued in multiples of Rs. 10,000/- for a fixed period of 5 years.
Encashment:
Premature encashment of full amount of Golden Deposit Certificate is
permissible only after completion of 3 months from the date of its issue.
Profit payments on premature encashments shall be subject to the following
rules:
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Period
of Premature Encashment
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If encashed before completion of
3 months from the date of investment:
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No profit is payable. Monthly profit already paid to be adjusted from the encashment proceeds of the certificates.
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If encashed before completion of
6 months but on or after three months from the date of investment:
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Rate applicable to be our printed
rates prevailing on the date of encashment for 3 months Term Deposit
LESS Amount of Profit already paid.
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If encashed before completion of
1 year but on or after 6 months from the date of investment:
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Rate applicable to be our printed
rates prevailing on the date of encashment for 6 months Term Deposit
LESS Amount of profit already paid.
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If encashed before completion of
2 years but on or after 1 year from the date of investment:
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Rate applicable to be our printed
rates prevailing on the date of encashment for 1 year Term Deposit
LESS Amount of profit already paid.
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If encashed before completion of
3 years but on or after 2 years from the date of investment:
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Rate applicable to be our printed
rates prevailing on the date of encashment for 2 years Term Deposit
LESS Amount of profit already paid.
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If encashed before completion of
4 years but on or after 3 years from the date of investment:
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Rate applicable to be our printed
rates prevailing on the date of encashment for 3 years Term Deposit
LESS Amount of profit already paid.
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If encashed before completion of
5 years but on or after 4 years from the date of investment:
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Rate applicable to be our printed
rates prevailing on the date of encashment for 4 years Term Deposit
LESS Amount of profit already paid.
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