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This document provides detailed information about the Public Deposit Scheme offered by LIC Housing Finance Limited, including interest rates, terms and conditions, eligibility, and application procedures
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How to fill out public deposit scheme
How to fill out Public Deposit Scheme
01
Gather necessary documents such as identification and proof of address.
02
Visit the designated bank or financial institution offering the Public Deposit Scheme.
03
Request the application form for the Public Deposit Scheme from the bank representative.
04
Fill out the application form with accurate personal information.
05
Specify the amount you wish to deposit and the duration of the deposit.
06
Review the terms and conditions of the scheme provided by the bank.
07
Submit the completed application form along with the required documents.
08
Deposit the specified amount either in cash or through a bank transfer.
09
Obtain the deposit receipt and any other documentation from the bank.
Who needs Public Deposit Scheme?
01
Individuals looking to earn interest on their savings.
02
Retirees who want a secure investment option.
03
Businesses seeking to manage their idle cash effectively.
04
Those wanting to diversify their investment portfolio.
05
Anyone needing a safe place to park their funds with guaranteed returns.
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People Also Ask about
What is public deposit in simple words?
As the name indicates, public deposits are those deposits made directly to an institution by the general public. On deposits of the general public, companies pay higher interest rates than banks. Those who choose to deposit money with an organisation fill out the deposit paperwork.
What is a term deposit scheme?
In Term Deposits, the sum of money is kept for a fixed maturity and the depositor is not allowed to withdraw this sum till the end of the maturity period. That is why they are called as Term Deposits because they are kept up to a particular term. But when it comes to Term Deposit, here's what you need to know.
Which deposit protection scheme is best?
TDS Insured is the best value insured deposit protection scheme available in England and Wales, and the longest-running insured scheme in the UK. TDS Custodial deposit protection scheme is completely free to join and use.
What are the 4 types of deposit accounts?
Savings, Current, Salary, Fixed Deposit, and Recurring Deposit Accounts cater to different financial needs, offering flexibility and tailored benefits.
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What is Public Deposit Scheme?
The Public Deposit Scheme is a financial scheme that allows companies to accept deposits from the public for a fixed term, typically offering a higher interest rate than traditional saving accounts.
Who is required to file Public Deposit Scheme?
Companies that are registered under the Companies Act and wish to accept deposits from the public are required to file the Public Deposit Scheme.
How to fill out Public Deposit Scheme?
To fill out the Public Deposit Scheme, companies must complete the appropriate forms and submit them to the relevant regulatory authorities, providing necessary details such as the purpose of the deposits and terms of repayment.
What is the purpose of Public Deposit Scheme?
The purpose of the Public Deposit Scheme is to enable companies to raise funds from the public for business operations or expansion while providing depositors with a safe investment option.
What information must be reported on Public Deposit Scheme?
Companies must report information such as the total amount of deposits accepted, interest rates offered, maturity dates, terms of acceptance, and any defaults in repayment on the Public Deposit Scheme.
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