Clear disclosures regarding deposit account cancellations, premature withdrawals, fee refunds, and gold loan foreclosure rules.
Members holding Fixed Deposits (including Dhanlaxmi Fixed Deposit 9.5% p.a.) or Recurring Deposits may request premature cancellation or withdrawal of funds subject to society bylaws and board approval. Applicable interest rate adjustments or administrative processing charges for premature refund are computed as per society rules in effect on the date of withdrawal request.
Members holding Gold Loans may foreclose or repay their principal loan balance early at any time prior to the agreed tenure end date. Pledged gold ornaments will be released from secure vault custody immediately upon full settlement of loan principal, applicable interest, and verification of original pledge documentation.
Society membership fees, share capital allocations, and loan valuation charges are processed in accordance with co-operative credit society regulations. Fees associated with completed gold ornament appraisals or statutory administrative processing are generally non-refundable once services have been delivered.
Approved deposit refunds, premature account closures, or balance settlements are disbursed directly to the member's designated bank account via account transfer or official cheque issued at our Pune head office within 3 to 7 working days following account verification.