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What are the required norms to be disclosed by HUDCO in the Application Form soliciting public deposits?

April 26, 2017application deposits disclosed form hudco norms public soliciting

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What are the required norms to be disclosed by HUDCO in the Application Form soliciting public deposits?

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Ans. While accepting deposits HUDCO indicates the following in the Application Form: i) Particulars of eligible category of depositor. ii) Credit rating assigned for its deposits. iii) Particulars as required under non-banking financial companies and miscellaneous non-banking companies (Advertisement), Rules, 1977. iv) Rate of interest and period of deposit. v) KYC requirements vi) Principal terms and conditions of deposit scheme. vii) Summarize financial position of the company for the last two years balance sheet. viii) Name of the Registered Office and its branches accepting deposits. For details and for downloading HUDCOs Application Form, please refer to HUDCO website i.e. www.hudco.org.