As per the video released by DMG MD yesterday, DMG has putforward 3 options for the investors
They are
They are
- Pin Conversion
- Refund
- Enrollment to New plan
Pin Conversion
What ever capital remaining in your account will be converted to new PIN and you will start receiving ROI for next 1000 days. They payout will be around 0.4%.
For e.g. If you have invested 6000 rupees and you have received 1000 rupees so far, your capital balance remaining is 5000 rupees. For this 5000 rupees, you will receive ROI for next 1000 days. It will be calculated as 0.4% of 5000 which will come up to 20 rupees. ROI credit will be done on alternate days, maximum 3 days a week. So you will receive 60 rupees as payout every week for next 1000 days. So you will receive 20,000 rupees back. But as per calculation, it will take around 7-8 years to receive this entire amount. Also it will take 2 - 3 years to receive your capital of 5000 rupees.
If you choose this option, it will take almost 15 days to start this plan. As per latest news DMG will start payout for the new plan from August 1st week onwards.
You will not eligible for referral or binary income if you choose this plan.
Refund
Those who are not interested for PIN conversion can opt this option to get the remaining money back. As per the information which we got as of now, you have to submit the request directly to DMG office for processing. If you do so, it may take some more time and you will receive the money only by August last week.
Enrollment to New plan
For existing and new customers who wish to enroll for new plan can do now and will start receiving ROI, Referral commission and other benefits starting from August 1st week for next 1000 days. Existing members can upgrade to this plan by paying difference amount left in their capital. Details are mentioned in the link below.
Visit this link to know more about this new plan. Click Here.
If you choose this option, it will take almost 15 days to start this plan. As per latest news DMG will start payout for the new plan from August 1st week onwards.
You will not eligible for referral or binary income if you choose this plan.
Refund
Those who are not interested for PIN conversion can opt this option to get the remaining money back. As per the information which we got as of now, you have to submit the request directly to DMG office for processing. If you do so, it may take some more time and you will receive the money only by August last week.
Enrollment to New plan
For existing and new customers who wish to enroll for new plan can do now and will start receiving ROI, Referral commission and other benefits starting from August 1st week for next 1000 days. Existing members can upgrade to this plan by paying difference amount left in their capital. Details are mentioned in the link below.
Visit this link to know more about this new plan. Click Here.
I will update here as and when I receive new updates. Stay tuned.
So does it mean, If I want to take my money back as Refund .... I will have to go to office Chennai physically and then submit my documents there ??
ReplyDeleteOr is it the online refund process ?
There is no clarity on it yet. As of now what I have heard is to physically submit the letter and documents to their office.
DeleteWhat are the documents prodused for the refund
ReplyDeleteOfficially they haven't decided of that process. It may be PAN, Aadhar, paid statement, withdrawal request etc
DeleteWhen officially announce about refund process
ReplyDelete