Attractive Public Deposit Schemes

Attractive Public Deposit Schemes Deposit Schemes rated "MAAA" by ICRA indicating 'Low Credit Risk' Nomination Facility available v Regd. Office: #2...
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Attractive Public Deposit Schemes

Deposit Schemes rated "MAAA" by ICRA indicating 'Low Credit Risk' Nomination Facility available v

Regd. Office: #29/1, 1st Floor, Sir M.N. Krishna Rao Road, Lalbagh West gate, Basavanagudi, Bangalore 560 004. Fax: 080-26565748 Email: [email protected] Visit us at: www.canfinhomes.com

FIXED DEPOSIT SCHEME FOR REGULAR RETURNS

• Monthly / Quarterly / Half Yearly / Yearly interest payments • Convenient mode of interest payment

CUMULATIVE DEPOSIT SCHEME

Attractive Interest Rates v Maturity period from 12 to 60 months v Higher interest rate is payable on senior citizens' deposits v Loan against Deposits Tax Benefits •N o T a x Deduction at source on interest income upto Rs.5,000/in a financial year.

FOR HIGH YIELD

• Quarterly Interest Compounding • Invest for faster growth of your money

• Approved mode of investment for Charitable, Religious and Endowment Trust covered under Section 11(5) (ix) of Income Tax Act.

Our, BRANCH

Home Loans Designed to suit your

needs

ALSO MORTGAGE LOANS. LOANS AGAINST RENT RECEIVABLE

Can Fin Homes Ltd. TERMS AND CONDITIONS GOVERNING THE PUBLIC DEPOSIT SCHEMES PUBLIC DEPOSIT CAN BE PLACED BY 1. 2. 3. 4. 5. 6. 7. •

Resident individuals Charitable, Religious and Endowment Trusts Co-operative Societies Minors through Guardians Proprietary and Partnership Concerns Non corporate bodies like clubs, associations etc. Hindu Undivided Families (HUF) Application for placing Public Deposit should be made in the enclosed prescribed form duly complete in all respects. • Public Deposits can be made in the joint names not exceeding 3 persons. The interest in such cases shall be paid to the first applicant. • Repayment of the Public Deposit will be made as per the instructions given in the application. • A minor can keep the Public Deposit through Guardian. Periodical interest and the maturity proceeds will be paid vide 'account payee' cheque in the name of depositor. MODE OF ACCEPTANCE 1. Cash for amounts less than Rs. 20,000/- cash is to be paid only at CAN FIN HOMES cash counters. 2. Local cheques / Demand drafts, Please ensure that all cheques and drafts are drawn in favour of "CAN FIN HOMES LTD" and should be marked "Account Payee Only". TAX DEDUCTIONS AT SOURCE Income tax will not be deducted at source from interest earned when the aggregate amount of interest on all the deposits with CAN FIN HOMES LTD., does not exceed Rs. 5,000/- in any Financial Year. In cases when the interest exceeds Rs.5,000/- in a financial year, individual depositors who are not liable to pay income tax may submit a declaration in Form 15G/15H so as to receive interest without deduction of tax at source, otherwise tax will be deducted at source in accordance with Section 194A of the income tax Act, 1961. Form 15G/15H should be submitted in CAN FIN HOMES LTD. for every financial year duly complete in all respects before first payment of interest. A certificate for income tax deducted at source will be issued, wherever applicable. Quoting of PAN/GIR Nos. by Depositors as Mandatory. REPAYMENT AND RENEWAL OF PUBLIC DEPOSIT Repayment of Public Deposit is made against surrendering the duly discharged deposit receipt to CFHL. For renewal, duly filled and signed prescribed application form along with discharged deposit receipt are required to be submitted. Renewal of a matured deposit will be subject to the following: 1. Where the overdue period does not exceed 14 days, the deposit can be renewed with effect from the maturity date and the interest rate prescribed on the date of maturity will be applicable. 2. Where the overdue period exceeds 14 days, the deposit can be renewed with effect from the maturity date and the interest rate prevailing on the maturity date or the renewal date whichever is lower will apply for the renewed deposit. PREMATURE WITHDRAWAL OF PUBLIC DEPOSIT Request for premature withdrawal will be permitted subject to National Housing Bank's directions. Accordingly, premature withdrawal is not permitted in the first 3 months from the date of deposit, in case request for premature withdrawal is received after the expiry of 3 months, the rate of interest applicable will be as per the prevailing norms.

Period

Interest Remittance

3 months but before expiry of Maximum interest payable shall be 4% per 6 months per annum for individual deposit and no interest in case of other category of deposits. After 6 months, but before the date of maturity

1% lower than the interest rate applicable to a public deposit for the period for which the deposit has run or if no rate has been specified for that period, then 2% lower than the minimum rate at which the public deposits are accepted by the Company.

• All deposit accounts standing to the credit of sole / first named depositor in the same capacity shall be clubbed and treated as the deposit account for the purpose of premature repayment. LOAN ON PUBLIC DEPOSIT A loan on Public Deposit may be granted at the discretion of the Company as per the guidelines issued by the National Housing Bank from time to time. GENERAL • Nomination facility is available. • CFHL reserve the right to change, add or delete the terms and conditions without any notice subject to complying with the directions of National Housing Bank or any other competent authority from time to time. • In case of any deficiency in servicing of deposits, if not redressed by the Company, the depositor may approach the National Consumer Disputes Redressal Forum, the State level Consumers Redressal Forum or the District level Consumers Redressal Forum for relief. • The financial position as described and the representations made in the application are true and correct and the Board of Directors are responsible for the corrections and veracity thereof. • The deposit acceptance activities are regulated by the National Housing Bank. It must, however, be distinctly understood that the National Housing Bank does not undertake any responsibility for the financial soundness of the company or for the correctness of any of the statements or the representations made or opinions expressed by the Company and for repayment of deposit / discharge of liabilities by the Company. • In case of non-repayment of the deposit or part thereof in accordance with the terms and conditions of the deposit, the depositor may make an application to authorised officer of the National Housing Bank. • Can Fin Homes Ltd., being a housing finance company registered with NHB, is exempt from the applicability of the Companies (Acceptance of Deposits) Rules, 2014. • Pursuant to the provisions of Section 125 of the Companies Act, 2013, the Central Govt. has established a Fund called “The Investor Education & Protection Fund” (IEPF) to which matured deposits which have remained unclaimed and unpaid for a period of 7 years from the date they became due for payment are to be transferred. The amount so transferred can be claimed back by the depositor from the above fund, at a later date, as per S.125(4) of the said Act read with the IEPF (Accounting, Audit, Transfer & Refund) Rules, 2016.

PROVISIONAL RECEIPT Received from ............................................................................. Cheque / DD / Cash bearing No. .................................... dated .................... for Rs........................................ drawn on ................................................... Bank...................................................................................branch towards ........................................................ of CAN FIN HOMES LTD for a period of.................................................... months at rate of interest ........................................................% annum.

Date:

For CAN FIN HOMES LTD.

Authorised Signatory

KNOW YOUR CUSTOMER (KYC) COMPLIANCE APPLICATION FORM Please fill the information in Block letters and (4) in appropriate place

The information is sought under Prevention of Money Laundering Act, 2002, the rules notified thereunder and NHB's guidelines on Anti Money Laundering. For existing Depositor, the information furnished head will supersede the information available in the words of CFHL.

Name of the Applicant (As appearing in supporting identification document)

Affix a latest photograph here

Mr./Mrs/Miss

Full Name of Father / Husband / Guardian Mr./Mrs/Miss

Status

Resident Individual

Non Resident individual

Hindu Undivided Family (HUF)

Income-tax Permanent Account Number (PAN)

Persons of Indian origin (PIO) (Attach copy of PIO Card) (Attach copy of PAN Card)

Proof of Identity to be provided by Applicant: (Please submit ANY ONE of the following certified documents) Passport

Photo PAN Card

Driving Licence

Photo Debt/Credit Card issued by Bank

Voter's Identity Card

Photo Ration Card

Any other identification with Photograph (Subject to satisfaction of CFHL)

Present Address of Applicant for all communications

Company Name / Flat No. & Bldg. Name Road No. / Name City

Pin Code

State

Country

Tel (R)

Fax:

STD Code

Extn. No.:

Tel (O) E-mail Mobile

Proof of Address to be provided by Applicant: (Please submit ANY ONE of the following certified documents) Latest Telephone Bill or Land Line / Mobile

Latest Electricity / Gas Bill

Latest Bank Account Statement

Latest Account Statement

Registered Rent Agreement

Ration Card

Any other Address Proof (Subject to consideration of CFHL)

Occupation: Service Retired Business Professional Housewife Student Others (Please specify)

Marital Status: Single Married • Number of children

OTHER DETAILS Education: SSC / HSC Graduate Post-Graduate

Household Income: Less than Rs.1 lakh p.a

Accomodation: Own

Rs. 1-3 lakhs p.a.

Rented

Rs. 3-5 lakhs p.a.

Employer

Rs.5-10 lakhs p.a.

Family

Son/s...............................

Professional

Above Rs.10 lakhs p.a

Others (Please specify)

Daughter/s.......................

Others (Please identify) • Number of earning members in the family .........................................

• Number of years of current address .........................................

DECLARATION I / We hereby declare that above information is true and to the best of my / our knowledge and belief. I / We further declare that the deposit made under the deposit application is through legitimate source and does not include directly / indirectly any proceeds of schedule of offence and / is not designed for the purpose of contravention or evasion under any law. Place : Signature of depositor Date : FOR OFFICE USE ONLY Branch:.................................................................................................... ................................................................................................................. Checked by: ...........................................................................................

Date of Receipt: ...................................................................................... Deposit No. : ........................................................................................... Authorised by: .........................................................................................

Branch Seal

For Office Use: Dep. A/c No.: New

To be filled by depositor Please use block letters

Renewal

Please give complete details by ticking appropriate boxes.

APPLICATION FORM FOR PUBLIC DEPOSITS

NAME OF THE FIRST APPLICANT: ................................................................................ Date of Birth :.................................................. OCCUPATION:..................................................................... FATHER / HUSBAND'S NAME : .................................................................. Address of 1st Applicant: .................................................................................. ........................................................................................................................

Name of 2nd Applicant : .............................................................................................................. Name of 3rd Applicant : ...............................................................................................................

..........................................................................................................................

In case First / Second / Third Applicant/s are minors

...............................................................Pin :.....................................................

Name of Guardian: .....................................................................................................................

Tel:..........................................E-mail:................................................................

Relationship with Minor:............................................ Date of Birth of Minors:..............................

Amount of Deposit: Rs. .................................................................................... Rupees :............................................................................................................ ....................................................................................................................only

Deposit Scheme Fixed Deposit Cumulative Deposit Trust Deposit Senior Citizen

AMOUNT PAID THROUGH CASH CHEQUE

INTEREST PAYMENT FOR FD DEPOSIT Monthly Quarterly

Months

Half Yearly

Yearly

MODE OF INTEREST PAYMENT FOR FIXED DEPOSIT

CRV No.:......................... Dt.................. DD

Period

Send post dated cheque

Send DD (Applicable only in case of Outstation depositors)

No................................... Dt..................

Bank: .................................................... Branch ................................................. If Renewal: Deposit Type...................... No.: .............. Dt. of maturity..................

Credit to my Housing Loan / Loan on deposit A/c No................................. maintained with CAN FIN HOMES LTD.,......................................... Branch

Repayment condition:

Credit to my Bank A/c No. as per details given below:

Tax to be deducted:

First / Sole Depositor Any or Survivor/s Yes

No

Either or Survivor All Jointly

Form 15G/15H enclosed

Yes

TYPE:

CURRENT

O.D.

A/c No................................... A/c Holder's Name................................................

PAN: Status of First Depositor:

SAVING

No

Shareholder

Director

Relative of Director of the Company

Promoter

Trust

Resident individual

Senior Citizen

Others (Please specify)....................................................................

Name of the Bank................................................................................................ Branch Address ..................................................................................................

If you have any Deposit in CAN FIN HOMES LTD.: type of Deposit................................................................... No..............................................................

Introduction / Identification of New Depositor (Mandatory) (Introducer must be an existing depositor) Signature:....................................................................................

Introducer's Name: ..........................................................................................................................

If there is no introducer, identity to be established by submitting a photocopy of any one of the following of the first depositor Passport PAN Card Election Identity Card Ration Card Aadhar Card

Others (Please specify)..........

DECLARATION: I / We confirm having read, understood and agree to abide by the stipulated terms & conditions of the schemes. I / We declare that I am / We are not depositing this amount as nominee(s) of any person residing outside India. We declare that the first named / mentioned depositor in our application is the beneficial owner of the deposit and as such, he/she should be treated as the payee for the purpose of deduction of Tax under Section 194A of the Income Tax Axt, 1961, in the event of death of any of the joint depositors prior to the maturity of the deposit, the Company will at the written request of the surviving depositors be at liberty though not bound and at its absolute discretion to pay interest for the remaining period, to repay the deposit before maturity or to grant and advance against the security thereof to anyone or more of the surviving depositor/s, on such terms as the Company may decide and to add/delete/substitute any names therein. The discharge given by such surviving depositor(s) shall give the Company a valid discharge. I / We undersigned apply for placement / renewal of Deposit having read the terms and conditions. " I have gone through the financial and other statement / particulars / representations furnished / made by the Company and after careful consideration I am making the deposit with Company at my own risk and volition". 1st Applicant (or Guardian) Signature of Depositor/s

2nd Applicant (or Guardian)

3rd Applicant (or Guardian)

Place:

Date:

NOMINATION (Must be signed by the depositor(s) & witnessed) I / We nominate the following person to whom in the event of my / our / minor's death the amount of the deposit may be returned by CFH LTD. Name & Address of Nominee

Relationship with Depositor(if any)

Age of Nominee

Date of Birth of Nominee (If minor)

*As the nominee is a minor on this date. I / We appoint (Name, address & age)................................................................................................................................. to receive the amount of the deposit on behalf of the nominee in the event of my / our / minor's death during the minority of the nominee. *leave out if nominee is not a minor. Where deposits are made in the name of a minor, the nomination should be signed by a person lawfully entitled to a act on behalf of the minor Name(s) and Address(es) of witness(es) for nomination only. (One witness required, thumb impression needs two witnesses) .................................................................................................................................... .................................................................................................................................... Place & Date:............................... Signature of witnesses Deposit No. Deposit type Printed Sl. No. Rate of Interest

Voucher No. Date of Deposit Date of Maturity Maturity Amount

SIGNATURE OF DEPOSITOR(S) FOR NOMINATION

For CFHL

1st/SOLE/GUARDIAN : ............................................................................... 2nd 3rd

: ............................................................................... : ...............................................................................

Authorised Signatory

Can Fin Homes Ltd. Particulars as required under Non-Banking Financial Companies and Miscellaneous Non-Banking Companies (Advertisement) Rules, 1977

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