COI Vision
Products/Investment Plans
Customer Care
COI Handbook
List of Documents
Application Forms
Profit Status
FAQ's
Frequently Asked Questions

Question Do you have any investment schemes?
Answer Yes, we have an investment scheme, which is known as Profit Certificates scheme.
   
Question How many types of schemes do you have?
Answer We have four types, namely Profit Premium, Profit Ace,Profit Mate and Profit Growth Certificates.
   
Question What are the basic features of these schemes?
Answer Profit Premium is issued for a period of 3 months,6 months and 1 year. Profit Ace is issued for a period of 2 & 3 years. Profit Mate is issued for a period of 4 & 5 years. And Profit Growth Certificates are issued for a period of 3,4 and 5 years.
   
Question What is the profit payment frequency on these schemes?
Answer
On certificates of 3 & 6 months maturity, profit is paid on maturity. For maturity of 1 year, profit is paid on half yearly basis. On certificates of 2 & 3 maturity, profit is paid on quarterly basis, and on certificates of 4 & 5 years maturity, profit is paid on monthly basis. As regards Profit Growth Certificates, profit is paid on maturity.
   
Question What is the minimum amount required for investment?
Answer Rs. 100,000/- (May Change without notice).
   
Question Do you accept investment in Foreign Currency?
Answer No.
   
Question How can we collect our profit? Do we have to visit SPLC's office for collection of profit?
Answer No it is not necessary for the certificate holder to visit our office. The periodic profit is remitted by cheque to the clients' bank account or the cheque can be delivered at the address as per his/her instructions.
   
Question Do you have any short-term finance facility against the Profit Certificates?
Answer Yes, we do provide short-term finance facility against Profit Certificates.
   
Question What mark up do you charge against these facilities?
Answer We charge @ 2% above the profit rate applicable on these Profit Certificates, plus administrative and documentation fee.
   
Question How much do you finance against Profit Certificates?
Answer We lend 75% of the face value of Profit Certificates.
   
Question Are your Profit Certificates accepted as collateral security, by Commercial Banks?
Answer Yes, usually our Profit Certificates are accepted as collateral security, by Commercial Banks.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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