Advance Deposit Scheme Sample Format

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ADVANCE DEPOSIT SCHEME AGAINST SUPPLY 

We are pleased to announce that the production in Stabnet Tyres Ltd is starting from 1^st July and the supplies will start within 7-10 days from the start of production. We are announcing an Advance Deposit Scheme against supply of Tyres and Tubes for the Quarter July – Sept’26 and the salient features of the scheme are given below:

·        The scheme is open to all the dealers who want to purchase tyres and tubes from Stabnet Tyres Ltd. Of Stabnet brand manufactured by Stabnet Tyres Ltd.

·        The scheme will have the validity of 3 months from the date of receipt of advance amount,

·        The minimum amount of deposit to be accepted will be Rs. 50 Lacs,

·        Besides existing interest on deposit @9% per annum payable on such deposit, an additional 5% discount over and above the existing discount will be allowed on the entire billing,

·        The advance so deposited shall remain for minimum Lock-in period of 3 months and on expiry of 3 months period, the scheme shall stands withdrawn on mutual agreement and the advance can be adjusted against supply of material. 

 

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