The Purasawakum
Permanent Fund Limited(CIN : U65992TN1922PLC001974)

Registered Office : "Appadurai Buildings", 174 & 177, Vellala Street, Purasawalkam, Chennai - 600 084.
Phone : 2642 3203, 2642 1212, E-mail : theppf@gmail.com / Web:ppfnidhi.com
Branch Office :1. 26, Velacherry Main Road, Sadhasivam Nagar, Madipakkam, Chennai - 600 091.
Phone : 4558 3203, E-mail : theppfmadipakkam@gmail.com
2. 164, Paper Mills Road, Peravallur, Chennai - 600 082. Ph : 4269 3203. E-mail : theppfperavallur@gmail.com

APPLICATION FOR DEPOSIT
Customer ID :A/c. No.

Date :

Share No. :PleasePAN No.

where applicable

I/We wish to Place a Deposit as mentioned below for

Rupees (in words)...............................

........................................................................................and enclosing a cheque /DD No............................. favouring
The Purasawakum Permanent Fund Limited, Dated................................ drawn on .............................. Branch .......................
MODE OF RECEIPT

:

Cash

APPLICATION FOR:NewCATEGORY:

Shareholder

Director

Relative of Director

Senior Citizen

SCHEME:FD Gen. / Spl.

RID

RD

SD (Savings Deposit)

PERIOD OF DEPOSIT:

MonthsREPAY ON MATURITY TO :Sole Depositor
Yes

ChequeAdjustment

Renewal (Previous FD/RID A/c No.) ............................................

E or S

F or S

A one or S

Jointly

TAX TO BE DEDUCTED:

A/c No. OF ANY OTHERDEPOSIT WITH PPF

No My PAN No ..................................................................... Form 15G/H furnished: A/c No (s)................................................................. Amount ...................................................................................

Name (in Block Letters).

Age

Yes

No

Occupation

1................................................................................................................................................................................
2................................................................................................................................................................................
3................................................................................................................................................................................
NOMINEE

Father's / Husband's Name

1 ............................................................................................ Name ..............................................................................
2. ...........................................................................................
Age .............. Relationship...................................................
3. ...........................................................................................
INTEREST PAYMENT MODE (for Fixed Deposit Only)
FULL ADDRESS OF THE FIRST APPLICANT
Collect at Office by 1st / 2nd Depositor(in Block Letters)......................................................................................................................
......................................................................................................................
......................................................................................................................
......................................................................................................................
Phone :

Mobile :E-mail : ........................................................................................................
DECLARATION :E.C.S. S.B. A/c. No..........................................................................
MICR Code No................................................................................
In the name of .................................................................................
Bank Name ............................................ Branch...........................
Transfer to my SD / RD A/c No........................... with the Fund.

I/We have read and understood the terms and conditions of the Company governing this deposit scheme as also the prevailinginterest rates for deposits and accept that they are binding on me /us.
I/We have gone through the financial and other statements/particulars/representations furnished/made by the Company andafter careful consideration. I am / We are making the deposit with the Company at my/our own risk and volition.

VERIFICATION:SMS/Email
Mandate:I have no objection in receiving messages by SMS or by E-mail from the Company.

SIGNATURE:................................................................
First Applicant................................................................
Second Applicant...........................................................
Third Applicant

Please Note :1.
In the case of deposit in joint names, ALL the depositors MUST sign in the space provided above.
KNOW YOUR CUSTOMER GUIDELINES DOCUMENTS :I enclose a copy of one of the following documents for KYC Compliance
1. Passport

2. PAN Card (With Address Proof)

3. Voter Identity Card

4. Driving Licence

5. Aadhar Card

INTRODUCTION
I, Introduce the above deposit or as required under Rule 12(3) of Nidhi Rules, 2014 of MCA Notification No.GSR 258(E) Dated 31.03.2014. My
Customer ID / Share No with PPF is : ............................................................
Name and Address of the Introducer ................................................................................
............................................................................................................................................

Signature of the Introducer

TERMS & CONDITIONS GOVERNING ACCEPTANCE / RENEWAL OF THE DEPOSITS
(1)

(2)

(3)

APPLICATION AND REMITTANCE
Application for FD/RID/RD/SD and Renewal thereof excepting RD & SD on the prescribed application form duly completed in all respects, andaccompanied by cash/cheque/draft etc., Outstation deposits should be made by Demand Draft / Bankers Cheque only. All cheques/drafts should becrossed “Account Payee” and made payable to “The Purasawakum Permanent Fund Limited”. Deposits will be accepted only from members holding
not less than Rs.200/- worth of Equity Shares.
MINIMUM DEPOSIT / ADDITIONAL DEPOSIT
All deposits (irrespective of the Schemes) received in the same name or same order of names (in case of joint deposits) would be controlled in one
deposit account. Deposit will be accepted in multiplies of Rs.100/- subject to a Minimum amount of Rs.1000/- except RD & SD (Savings Deposit).
PERIOD OF DEPOSIT AND RATE OF INTEREST(A) FIXED DEPOSITS (Interest Payable Monthly)(B) RECURRING DEPOSIT
Period ofMonthsRate of Interest

R.D. MATURITY
Amount for Rs.100/- p.m.

12

10.0%

Rs. 1,265/-

9.0%

24

10.50%

Rs. 2,663/-

9.5%

36

10.75%

Rs. 4,197/-

Period ofMonthsFIXED DEPOSIT(Interest Payable Monthly)

SENIOR CITIZEN PHYSICALLYCHALLENGED Fixed Deposit
Interest Payable Monthly

6

7.0%

7.5%

12

8.5%

24

9.0%

(C) RE-INVESTMENT DEPOSIT

(4)

(5)

(6)

(7)

(8)

(9)

(10)

Period ofMonthsRate of Interest

RID MATURITY VALUE
for Rs.1000/- compound

12

8.5%

24

9.0%

Rs. 1,089/Rs. 1,197/-(D) SAVINGS DEPOSIT
Interest @ 5% p.a. Withdrawal by special form provided by the office.
INTRODUCTION
As per Rules 12 (3) & (4) of Nidhi Rules, 2014, new depositors are required to be properly introduced or a document or their identity has to be furnishedto the Company. Hence, new depositors are required to be introduced by an existing depositor / member of the Company duly signed by the
introducer in the space provided in the application form.
IDENTIFICATION OF DEPOSITORS
To comply with "Know your customer" guidelines for NBFC's prescribed by Reserve Bank of India, new depositors should provide a copy of any oneof the following documents (which contains the photograph of the concerned first depositor) for identification and proof of residential address.
(1) Passport (2) PAN Card (3) Voters Identity Card (4) Driving License (5) Unique Identification Number (Aadhar Card). In case the address
mentioned in the above documents differs from the present address a copy of anyone of the following documents should be furnished for proof ofresidential address.
(1) Telephone Bill (2) Bank a/c statement (3) Letter from any recognized public authority (4) Electricity Bill (5) Letter from employer (6) Ration Card, (7)Unique Identification Number (Aadhar Card). The above requirement will also be applicable for any existing first named depositor who has still notcomplied with the above requirement. In the absence of the above, the company will not be able to process the application for deposit / renewal.
REPAYMENTi.
Re-payment of any deposit will be made on the due date.
ii.
The Deposit Receipt duly discharged over a revenue stamp of Re.1/- must be surrendered to the Fund for repayment. Repayments will benormally made by cheque. However cash may be paid at the discretion of the management subject to provisions of the Income Tax Act.
iii. As per the provisions of Income Tax Act, deposits totaling Rs.20,000/- and above in one or more separate deposits standing in the name of thesame person should be paid strictly by Crossed Account payee Cheque or Demand Draft / Pay Order only and not by cash.
iv. For outstation deposits repayment will be made by crossed demand draft.
INTEREST PAYMENTS
i.
Interest will accrue from the date of receipt of cash / local Cheque / deposit with our Bankers and from the date of realisationin cash of outstation cheque / draft, which will be collected at par.
ii. Interest ceases to accrue from the date of maturity of the deposit, unless renewed.
iii. No overdue interest is payable if the amount is unclaimed after the due date.
iv. For outstation depositors interest will be sent by DD after deducting bank charges.
INCOME - TAXi.
Income-tax, in terms of provision of Income Tax Act 1961, will be deducted from the interest payable/credited in the Account.
ii. Non-accessee are requested, if necessary, to furnish the prescribed from 15G/15H as per income Tax in force from time totime, for non-deduction of tax at source. The depositor is presumed to be aware to the penal provisions of the Act, in caseof false declaration and the company will in no way be responsible for such false declaration made by the depositor.
iii. In the case of RID/RD for the purpose of deduction of tax, interest will be deemed to accrue every year and tax will be deductedon the accrued interest in each financial year, as applicable. The Maturity value will vary where tax is deducted at source.
Interest will be compounded after deducting tax amount, if applicable.
RENEWALSi.
The depositor should send the discharged Deposit Receipt together with duly completed fresh application to the Fund before
maturity.
ii. Any renewal of deposit, in advance of its maturity date, as of its maturity date, is subject to the rate of interest and otherterms and conditions prevailing on the date of the said maturity date.
iii. Re-investment Deposit can be renewed for the maturity value either for a lower or a higher amount by adding the balanceby cheque or giving the differential amount by cash before the date of maturity.
iv. Renewal with loan is not permissible. Loan together with interest due and remaining unpaid will be adjusted from the Depositon the date of maturity.
v.
Fixed and Re-investment Deposits will be accepted / renewed in multiple of Rs.100/- subject to minimum of Rs.1000/-.
vi. Deposits can be renewed from the date of maturity only if renewal instructions along with deposit receipt and duly completed
fresh application are received within one month from the date of maturity. In case of renewals made after one month fromthe due date, interest shall be allowed at the rate payable to Savings Deposit.
JOINT DEPOSITSi.
Former or Survivor : Deposits will be accepted with this stipulation. All payments of interest and principal will be made to
the former only during his/her life time, unless specifically authorised otherwise, such payments will be made to the Survivor
only on production of death certificate of the deceased.
ii. Either or Survivor : In the case of either or survivor deposits, only two persons can make the deposit. All cheques for payment
of interest will be drawn in favour of the first named depositor unless specially authorised in favour of the second depositor.
The discharge given by either depositor for payment of interest or principal shall be valid and binding on the other depositor
and payment will be made to the depositor, who has discharged the deposit receipt. In the event of death of either depositor,
all payments, on account of principal and interest, will be made, at maturity of the deposit to the surviving depositor on productionof death certificate.
iii. Anyone or Survivor : Deposits will be accepted in favour of more than two persons and the principal on maturity will be paid
on discharge by anyone of the depositors, to the depositor who has discharged the deposit receipt.
In the event of deathof anyone of the depositors, all payments on account of principal and interest will be made on maturity of the deposit to anyoneof the surviving depositors who has discharged the receipt on production of death certificate. All cheques for payment of interest
will be drawn in favour of the first named depositor unless authorised in favour of any other depositor.
iv. Jointly : In the case of deposits made in joint names, all correspondence will be addressed to the person whose name appears
first in the deposit receipt. All interest warrants/cheques for payment of interest will also be drawn in favour of the first named
depositor unless authorised in favour of anyone of the other depositors by all the depositors jointly. In the event of deathof anyone of the depositors, all payments on account of principal and interest on maturity of the deposit, will be made to
the surviving depositor and successors of the deceased depositor/s, jointly on production of death certificate/s, succession
certificate/s issued by competent authority. During the life-time of joint depositors, the deposit amount on maturity will be paid
to the first named depositor only on the joint discharge of all the depositors. Payment of maturity can also be made to anyoneof the other depositors provided all the depositors jointly so direct.

(11) LOAN ON DEPOSITSi)
The company may grant, at its sole discretion, loan against deposit, upto 75% of the deposit amount only in favour of the first depositor.
The applicable rates of interest shall be 3% for FDs and 5% for RIDs above the contracted rates for the respective deposits. The relative
deposit receipt(s) and other documents have to be signed by both / all the depositors in case of E or S or A or S/s accounts and by the first
depositors in case of F or S accounts.
ii) Renewal with loan not possible. Maturity payment / renewal will be made after adjustment of loan principal & loan interest.
(12) DEPOSIT FROM MINORSThe natural or legal guardian who is the member of the Fund must sign the application form on behalf of the Minor No loans will be granted
against minor deposit.
(13) FORECLOSURE OF DEPOSITSThe Fund reserves the right to allow, at its absolute discretion, withdrawal of deposit before maturity. Where a deposit is so allowed to beprematurely withdrawn, the relative deposit receipt must be discharged by both / all the depositors in case of E or S or A or S deposits and by
the first depositor in case of F or S deposit.
As per Rule 13(6) of Nidhi Rules, 2014i.
No foreclosure will be allowed within three months from the date of deposit.
ii. Interest payment on premature withdrawals of deposits would be as follows :(a) After 3 months but before 6 months: No interest(b) After 6 months but before the date of maturity: 2% p.a. less than the rate which the company would have ordinarily paid, had
the deposit been accepted for the period for which such deposit had run.
iii. In the event of death of depositor, the deposit may be repaid prematurely, it required, to the surviving deposit/s in the case of joint holding
with survivor clause or to the legal heir/s with interest at the rate which the company would have ordinarily paid, had the deposit been
accepted for the period for which such deposit had run up to the date of repayment.
(14) SAVINGS DEPOSITSi.
No person can have more than one account in the individual name and the initial deposit shall not be less than Rs.500/-.
ii. A minimum balance of Rs.250/- should always be maintained in accounts having withdrawal facility.
iii. Interest will be allowed at 2% above Nationalised Banks rate of Interest for SB Accounts.
iv. Balance above Rs.1,00,000/- will not qualify for interest.
v. Interest will be calculated for each calendar month on the minimum balance at credit of an account between the sixthand the last day of month and the same will be added to the principal amount during First week of September and March.
vi. No Savings deposits account can be closed until the expiry of twelve months after it was opened.
vii. A charge of Rs.50/- will be made if the account is closed 12 months from the date of its opening.
viii. Accounts in respect of which no transaction have taken place for a period of three years will be closed and taken tosuspense account and shall carry no interest.
ix. The company reserves to itself the right to adjust the whole or part of the amount due to the company from the deposits
of any account holder out of any moneys standing to his credit, and also to close any account without reference to thedepositor, if in the opinion of the board of directors, it is not desirable to keep such account for any reason whatsoever.
(15) RECURRING DEPOSITSi.
The minimum amount accepted for a Recurring Deposit is Rs.100/-. In the case of new member minimum amount is
Rs.1000/- for R.D.
ii. The monthly subscription of Recurring Deposit shall be paid on or before the last working day of the month.
iii. RD Subscription in arrears will attract a penal interest at 2% per month on the amount in areas. The fund reserves theright to change this rate from time to time.
iv. The repayment of R.D. Maturity amount on due date is the date of opening of the account.
v. Premature closure of Recurring deposits will be permitted subject to the following conditions.
a. The deposit has run for at least 3 months.
b. No interest shall be paid for deposits that have run less that 6 months.
c. After 6 months but before the date of maturity : 2% p.a. less than the rate which the company would have ordinarily paid, had the deposit
been accepted for the period for which such deposit had run.
d. For deposits that have run more than 12 months the interest applicable shall be 2% less than rate applicable had thedeposit been accepted for the period for which it has run.
e. All such premature payments shall be made after deducting all dues from the depositor to the Fund in respect of suchdeposits.
vi. The recurring depositor will be provided with a Pass Book in which subscription paid from time to time will be enteredby the Fund. The entries should be examined by the depositor and if any errors are discovered the attention of the Fundmust be drawn to them immediately.
vii. The fund reserves the right to close any account in which the monthly subscriptions are not regularly paid or the subscriptions
are allowed to fall in arrears for a continuous period of 6 months after giving a fortnight’s notice.
(16) GENERALi.
In the event of loss or destruction or mutilation of a Deposit Receipt, the Fund may, at its sole discretion re-issue a duplicate,upon receiving an indemnity Bond from the depositor in a Form prescribed by the fund. All expenses in this connection
will have to be borne by the depositor.
ii. The Company will not recognise any lien, charge or other encumbrances on the deposit.
iii. The Fund reserves the right to reject any application for Deposits or for renewal without assigning any reason therefor.
iv. Where the due date of any payment falls on weekly holiday or any other day on which the company remains closed thepayment will be made on the next working day.
v. The depositor should fill the name of “Nominee” in the Application Form.
vi. Depositors are requested to intimate any change of address/bank instructions regarding interest remittance to reach thecompany at least 15 days before the next interest payment is due. In case of change in residential address proof needs
to be furnished as per clause (5) above.
vii. Deposit Receipt is not transferable.
viii. The fund reserves the right to terminate any Deposit / Scheme by giving 30 days prior notice to the depositor/s.
ix. Any deposit which remain unclaimed or unpaid for more than Seven years from the date it becomes due for payment
will be transferred to the Investor Education and Protection Fund established by the Central Government under Sec. 125of the Companies Act, 2013 or will be dealt with in accordance with law.
x. It is not obligatory on part of the Company to give notice or advance information about maturity of deposit.
xi. Transactions are exclusively with shareholder's only.
xii. The Fund reserves the right to alter or amend any of the terms and conditions stipulated above from time to time.
(17) STATEMENTSi.
In case of non - payment of the deposit or part thereof as per the terms and conditions of such deposit, the depositor
may approach the Registrar of Companies (ROC) whose full addresses is, Ministry of Corporate Affairs, O/o Registrarof Companies, Shastri Bhawan, 2nd Floor, "B" Wing, No.26, Haddows Road, Chennai - 600 006.
ii. In case of any deficiency of the Company in surviving its depositors, the depositor may approach the National Consumers
Disputes Redressal Forum, the State Consumers Disputes Redressal Forum or District Consumers Disputes Redressal
Forum, as the case may be, for redressal of his relief.
iii. The financial position of the Company as disclosed and the representations made in the application form are true andcorrect and that the Company and the Board of Directors are responsible for the correctness and veracity thereof.
iv. The financial activities of the Company are regulated by the Ministry of Corporate Affairs (MCA) it must, however, be distinctly
understood that the Ministry of Corporate Affair, does not undertake any responsibility for the financial soundness of theCompany or for the correctness of any of the statement or the representations made or opinions expressed by the Company.
v. The deposits accepted by the Company are not insured and the repayment of deposits is not guaranteed by either the
Ministry of Corporate Affairs or the Reserve Bank of India.
DEPOSITOR/S
SIGNATURE..........................................................

......................................................

.....................................................

The Purasawakum Permanent Fund Limited(CIN : U65992TN1922PLC001974)

Particulars required to be furnished in accordance with Nidhi Rules, 2014 vide MCA Notification No. GSR 258(E) dated 31st
March 2014 published in the official Gazette on 2nd April 2014.
(1)
(2)
(3)

Name of the Company
Date of Incorporation
Business carried on by the Company

(4)
(5)

Branches
Brief Particulars of Management: The Purasawakum Permanent Fund Limited: 11th September 1922
: Accepting Deposits from members and granting loans to members on mortgage of immovable
properties, pledge of jewels, on our deposits.
: The Company has 2 branches.
: The Management of the Fund vests in a Board of Directors.

(6) Names, Address, DIN and Occupation of Directors
Sl.No.

Name of the Directors

DIN No.

Address

Occupation

1.

Thiru A.G. RAVISHANKAR

00418872

Flat No.2, Eden Garden, 28, Jayammal Street,
Shenoy Nagar, Chennai - 600 030.

Director - Chairman

2.

Thiru. T. S. RAVISANKAR

00900542

No.95/2, Muthamman Koil Street,
Ayanavaram, Chennai - 600 023.

Whole Time Director

3.

Thiru N. M. MANIVANNAN

00157036

Flat -D, Akash Manzil, Q-33, 6th Avenue,
Anna Nagar, Chennai - 600 040.

Whole Time Director

4.

Thiru V. RAGHUPATHI

00393444

Plot No.108, 4th Main Rd, VGN Mahalakshmi Nagar,
Perumalagaram, Chennai - 600 077.

Director - Legal Advisor

5.

Thiru M. A. LAKSHMIPATHI

00315271

No.8, Old No.40, South Kasar Garden Street,Aminjikarai, Chennai - 600 029.

Director - Legal Advisor

6.

Thiru P. P. DHANDAPANI

06588100

No.13, Crescent Avenue, Kesavaperumalpuram,Raja Annamalaipuram, Chennai - 600 028.

Director

7.

Thiru. G. S. VENKATARAMAN

00419485

No.81/1, Mannappan Street, Kottur,
Chennai - 600 085.

Director

8.

Selvi. Dr. E. SAKTHI AISVARYA

07267018

No.4, Plot No.11, "Parvathi Maaligai",Gandhi Avenue, Purasawalkam, Chennai - 600 084.

Director(7) Profits of the Company, before and after making provision for tax and dividends declared by the Company for the last three financial years.
Year ended

Profit before
provision for tax

Provisionfor tax

Profit afer
Provision for tax

10,85,091

3,95,000

18,52,154

5,95,000

24,01,560

5,03,627

6,90,091
12,57,154
17,64,088

31-03-2016
31-03-2017
31-03-2018

Dividend Rate
EquityDividend Amount
Equity

Nil
Nil
5%

Nil
Nil
8,98,103(8) Summarised financial position of the Company in the two latest audited balance sheets.
LIABILITIES

As at
31.03.2018

As at
31.03.2017

EQUITY AND LIABILITIES(1) SHAREHOLDERS FUND

(in Rs.)ASSETSAs at
31.03.2018

As at
31.03.2017

2,13,77,337

2,17,76,036

NON - CURRENT ASSETS(a) Share Capital

1,79,62,066

89,14,024(b) Reserves and Surplus

2,28,42,070

2,19,76,084(a) Fixed Assets - Tangible Assets(c) Long Term Loans & Advances(2) NON-CURRENT LIABILITIES

24,661

1,58,506

2,42,42,653

4,28,62,839

13,82,114

23,23,552(b) Deferred Tax Assets(d) Other Non Current Assets

22,63,20,108
1,42,73,958

42,50,54,820
76,97,423(a) Cash and Cash Equivalents

9,65,94,168

9,08,06,910(a) Short - term Borrowings

56,86,69,244

35,09,31,510

1,73,00,613(b) Short - term Loans & Advances

70,39,07,401

65,42,97,033(b) Other Current Liabilities

1,99,48,703( c ) Short Term Provisions

24,96,730

10,95,000(c) Other Current Assets

2,23,36,455

2,33,92,688

86,98,64,789

83,56,17,564

TOTAL

86,98,64,789

83,56,17,564(a) Long term Borrowings(b) Other Long - term Liabilities(3) CURRENT LIABILITIES

TOTAL
(9)

(10)

(11)
(12)

(13)

CURRENT ASSETS(In Rs.)Contingent Liabilities : Nil
As at31.03.2018

As at
31.03.2017

4,08,04,136

3,08,90,108

81,60,82,720
74,06,35,095
35,59,73,936
36,29,14,932

61,78,02,160
74,82,33,090
63,35,45,265
59,42,87,214- Nil -- Nil -

61,00,000
1,73,13,673

70,50,000
2,47,69,000(c)Gold and Jewellery
22,35,36,353
The Company hereby declares that :(i)
The Company has complied with the applicable provisions of the directions issued by the MCA;(ii)
The Compliance with the directions does not imply that repayment of deposits is guaranteed by RBI / MCA; and(iii)
The Deposits accepted by the Company are unsecured and rank pari passu with other unsecured liabilities.

23,51,65,900

(i)
(ii)

The Net Owned Funds (NOF) of the Company
The Amount which the Company can raise by wayof Deposits (20 times Net Owned Funds)(iii)
The aggregate of Deposits held(iv)
Deposits accepted during the year(v)
Deposits repaid during the year(vi)
Deposits claimed but remaining unpaid
The Company has no over due deposits other than unclaimed Deposits
Loans Disbursed during the year : against(a)Immovable Property(b)
Deposits

Place :
Date :