For name correction, written request in change request form available on the website of the company made by First Applicant is required along with Original FDR, copy of PAN Card and Bank Statement showing his/her name and transaction amount in favour of Omaxe Limited.
Application Form may be obtained from the Company's website or the offices of the Authorized Managers or may be downloaded from Company's website.
One can apply for Fixed Deposit Scheme in prescribed application form accompanied by Cheque / Demand Draft on a scheduled bank payable at par / New Delhi. The Cheque /Demand Draft should be drawn in favour of Omaxe Limited Fixed Deposit Account and should be crossed A/C Payee Only.
In the event of death of the sole depositor, the fixed deposit amount together with interest due thereon will be paid to the nominee, if any, stated in the application, on proof of identity. In the event of death of Sole Depositor without mentioning a nominee in the application form, the deposit amount will be paid to the legal representative(s) of the depositor on production of proper legal representation such as Probate of the Will, Succession Certificate or Letter of Administration granted by the Court of Competent Jurisdiction and to the satisfaction of the Company.
In Non cumulative scheme, the interest is compounded on monthly basis and payable on quarterly basis. In Cumulative scheme, the interest is compounded on monthly basis and payable at the time of maturity along with the principal. In cumulative scheme, since interest is compounded on monthly basis, yield comes much higher than in non cumulative scheme.