Subordinated Debts
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The private placement of the Subordinated Debt is being made to enhance the long-term resources of the company and to augment the business activities carried on by the Company which mainly consists of lending against gold, other secured and unsecured lending activities. The Subordinated Debt shall be in the form of non- marketable certificate. It is unsecured and is subordinated to the claims of other creditors.
Features
Features of Subordinated Debts
High Returns
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Investment
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Financial Growth
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DETAILS
Details of Subordinated Debts Scheme
Interest payout- Monthly
Subordinate debts are for fixed term of 60 months and if cannot be redeemed before the maturity period
Application amount can be paid only through Cheque or Account transfer, Cash not accepted
Applicant/s should submit duly filled application along with Photo, Valid KYC and PAN
On maturity Amount will be refunded by way of cheque or account transfer
TDS as per IT rule
|
Term (Months)
|
Interest %
|
|---|---|
| 60 | 13 |
| Minimum Amount | 25,000 |
| Lock-in period | 60 Months |