No. As salaried persons are also assesses form 15G/15H cannot be furnished

No. All deposits held in the same name, or in the same order of names (in case of joint deposits) are required to be clubbed together for the purpose of Income Tax computation.

No. Form 15G/H must be furnished during renewal of every deposit as also whenever an additional deposit is made during the financial year.

As per Reserve Bank of India directions, no withdrawal of deposit is permitted within three months from the date of Deposit/renewal of Deposit. (not applicable in the event of death of a depositor)

Yes. Premature withdrawal can be made after 3 months from the date of deposit/renewal as per the Directions of Reserve Bank of India and the terms and conditions of the Company.

No. Premature payments will be effected favouring the first depositor only.

Yes. The payment can be sent directly to the Depositor’s designated bank account available in our records.

As per the Directions of RBI currently in force, premature repayment: 1. Up to 3 months from the date of deposit/renewal (Lock-in-period)@ No Repayment (Not applicable in case of premature repayment in the event of death of the depositor) 2. After 3 months but before 6 months@ No interest* 3. After 6 months but before […]

We accept deposits from NRIs on a non-repatriation basis. Deposits by NRIs are accepted only when the funds originate from their respective NRO Account. NRI depositors must also submit the following declaration: The amount deposited with Gove Finance Ltd. represents amount transferred from NRO account. Further this amount does not represent inward remittance from overseas […]

Yes. A deposit can be placed in the name of a Minor provided He / She is represented by His / Her Natural or Legal Guardian. The Deposits Application Form must be signed by the Natural/ Legal Guardian on behalf of the Minor. All communication in relation to the deposit shall be addressed to the […]