FAQ

1. Whether I can invest in a company /society offering higher rate of interest?

Ans:-No company can offer more than 12.5% interest. Promise of high return means high risk. Before making any investment please ensure that the company seeking investment/deposit is authorised to do so by a regulator like RBI, SEBI etc.

2. Whether one can invest in on-line schemes offering high return/rewards?

Ans:- Do not get lured by online schemes which offers high return. Before making any investment please verify and findout whether the company seeking deposit is genuine and doing real business or not. The financial position of the company also needs to be ascertained.

3. Whether I can invest in a company/entity which promises future delivery of services /lands/commodities ?

Ans:- Before making any investment in such company, please ensure that company is registered with SEBI as a collective investment management company.

4. Whether I can make investment in Multi State Co-operative Society?

Ans:- Public should not make investment in Multi State Co-operative Society as Multi State Co-operative Societies are prohibited from accepting deposits from public/nominal members. Before making any investment please ensure that you have been inducted as a member of the society.

5. What should I find out before purchasing plots /flat from a builder/ real estate firm?

Ans:- Before purchasing any plot/flat from a private builder/real estate firm, the right and title of the land needs to be verified from Tahashil office and Sub- Register Office. It has also to be ascertained from BDA/Competent Authority whether the apartment project/plotting project has been approved by them or not. Further the credential of the builder/ real estate firm also has to be verified.

6. Whether I can apply for loan from unincorporated bodies/firm offering hassel free/ interest free loans as per their advertisement in local news paper.

Ans:- Before applying for loan from any unincorporated bodies/firms/company, please make back ground check of such UIB’s/firms and its credential. Do not pay any advance in the name of processing fee/ insurance fee etc.

7. The builder has failed to provide service/facilities/amenities as per agreements. To whom should I complain against the builder?

Ans:- You can lodge complain to BDA/ Competent Authority who has approved the project. You can lodge FIR in Local Police Station. Further case can also be filed in consumer forum against the builder.