Terms & Conditions

1 🎯 Objective of the Scheme

OGFS Bond Scheme aims to promote planned savings and offer attractive returns through a transparent, monthly draw based system. The scheme encourages financial discipline and provides safe returns to small and medium investors.

2 💰 Investment Rules

• Bond Value: ₹500 per bond
• Minimum Investment: 1 bond (₹500)
• Maximum Investment: 10 bonds (₹5,000)

Investors can buy multiple bonds at once or incrementally, but cannot exceed the limit of 10 active bonds.

3 ⏳ Duration and Deposit Timeline

• Scheme Duration: The scheme will run for 60 months, commencing from the date OGFS has a group of 125 bonds.
• Deposit Period: Monthly deposits required for up to 25 months, unless selected earlier in the draw.
• Once selected in a draw, no further deposits are needed for that bond.

4 🏟 Payout and Draw Mechanism

• A fair and transparent monthly draw will be conducted on the 5th of every month.
• Investors selected in the draw receive a fixed payout based on the stage of the scheme.
• The draw continues until all 125 bonds have received payouts.
• Payouts increase progressively from ₹6,250 to ₹25,000 depending on the draw stage.
• OGFS maintains complete records and transparency of the draw process.

5 🧾 Eligibility and Documentation

• The investor must be an Indian citizen aged 18 years or above.
• KYC documents such as Aadhaar card, PAN card are required.
• Nominee details must be provided at the time of registration.
• Application in Child's Name: Parents or legal guardians can apply on behalf of their minor children (below 18 years).
• Sibling Nomination: If an elder brother or sister is above 18 years, they may also purchase bonds in the name of a younger sibling (below 18 years).

Required Documents:

• Aadhaar Card (of the applicant and beneficiary)
• Proof of residence
• Passport size photograph
• In case of a minor, identity proof of the parent/guardian is mandatory

6 🕐 Missed Payment or Delay Consequences

• Investors are expected to deposit their monthly premiums on or before the due date as per the bond scheme guidelines.
• A grace period of 5 days may be offered in special cases.
• In case of non-payment or delay, the investor may lose eligibility for that month's draw.
• Any amount deposited on delayed or expired investments will not be refunded, and such payments will not be considered valid toward the bond.
• Repeated delays may lead to termination of benefits under the scheme without refund or compensation.
• OGFS reserves the right to cancel or suspend participation if the investor fails to comply with the monthly deposit requirements.

7 💸 Refund and Withdrawal Policy

Voluntary withdrawal before the completion of the scheme is generally not permitted, as it affects the structure and benefits of the group based bond plan.

In exceptional and genuine cases such as medical emergencies, accidental disability, or death of the investor, premature withdrawal may be allowed at the sole discretion of OGFS, upon submission of proper documentation and written request.

Upon such approved withdrawal:

• The refund will be limited to the amount deposited till date.
• No interest or draw-based benefits will be payable.
• A nominal administrative fee may be deducted from the refundable amount.
• No refund shall be made for delayed or expired investments.

8 ⚠ Right to Amend Terms

OGFS reserves the right to amend, modify, or update the terms of the scheme with prior notice to investors. Any such changes will be published on the official website or communicated via registered contact details.

9 ⚖ Legal Jurisdiction and Disclaimer

• Any legal dispute arising shall fall under the jurisdiction of the courts of the district in which OGFS is registered.
• OGFS is not liable for any external fraud or misrepresentation done by unauthorized agents.