Bond Holder Policy

1 About the OGFS Bond Scheme

The OGFS Bond Scheme is a structured savings-cum-investment plan offered by OGFS (Online Gullak Financial Service), a Farmer Producer Organization (FPO). It operates through a monthly draw system to provide assured returns to each bond holder over a fixed term.

Every bond holder participates in a fair and transparent system, designed to provide assured returns to all investors over a 60-month cycle.

2 Eligibility Criteria

• Any Indian citizen above 18 years of age is eligible to purchase bonds.
• Parents/guardians may invest in the name of a minor.
• Siblings may invest on behalf of younger siblings under 18 years.
• Valid identification and address proof are required during registration.
• KYC documents (ID, address proof, photo) are mandatory.

3 Investment Rules and Bond Value

• Each bond is priced at ₹500.
• Minimum investment: 1 bond (₹500).
• Maximum investment: 10 bonds (₹500 × 10 = ₹5,000).
• Investors may purchase multiple bonds under a single investor ID.
• Investors must deposit monthly premiums until their bond is selected in a draw or for a maximum of 25 months.

4 Duration and Draw Process

• A bond group is formed with 125 total bonds.
• Scheme duration is 60 months from the date the 125-bond group is completed.
• Monthly draws are conducted to select bond holders for payouts.
• Once a bond is selected in a draw, the investor does not need to deposit further.
• All 125 bond holders are guaranteed a return by the end of the scheme.

5 Payout Structure

Each month, selected bond holders receive payouts based on the following schedule:

6 Bond Holder Responsibilities

• Make timely monthly deposits until selected in a draw or until 25 months have passed.
• Inform OGFS in case of nominee change or bond transfer.
• Update OGFS with any change in contact, address, or bank details.
• Keep original bond certificate or acknowledgment for records.
• Participate in all communication regarding draws and scheme updates.

7 Missed or Delayed Payments

• Failure to deposit on time may lead to disqualification from monthly draws.
• Missing payments may lead to ineligibility for future draws.
• Deposits made after due dates may not be accepted or refunded.
• OGFS reserves the right to cancel bonds in case of continuous non-payment.

8 Nominee and Bond Transfer Rules

• Investors must nominate a legal heir at the time of registration.
• Bond transfers are allowed with mutual consent and documentation.
• In case of the investor's death, the nominee will receive all entitled benefits.
• Investors can nominate a family member (spouse/child/parent) at the time of registration.
• In case of the bond holder's death, the nominee must submit ID and proof for claim.

9 Policy Compliance and Legal Disclaimer

• OGFS reserves the right to modify scheme terms in accordance with applicable laws.
• All disputes shall be subject to jurisdiction under Indian law.
• All bond holders are subject to terms and conditions mentioned at the time of investment.