grren card purchased plan
TRANSCRIPT
Green Card Plan is a simple purchase process
in which customer purchase the Biodiesel from Green Celsius and
does not deliver the actual Biodiesel.
1 unit = 60 Liters = 2500 RsPrice and Quantity Subject to Market Situation
1 unit of biodiesel is sold for Rs. 2500 and contains 60 liter of biodiesel.
N units = N × 2500Ex. 40 Units (Biodiesel) = 40 × 2500 = Rs. 100000
Any customer can purchase any numbers of units of Biodiesel costing in the multiples of Rs.2500.
The fund given by the customer will be utilized by green Celsius to purchase the biodiesel from Open Domestic market.
One Purchase and one sell of Biodiesel from Green Celsius termed as 1 Cycle.
CUSTOMER PAYS Rs. 2500
Sell of Biodiesel
Purchase receipt & Green Card
givenTo the customer
greenCelsius Utilize the fund - Actual purchase
of Biodiesel 1 Cylcle
1
3
2
Post Completion of 50 cycle customer is eligible to receive Rs. 4000 in response to Rs. 2500 given by him.
What is Green CardGreen card is a magnetic Smart card given to the customer with the Purchase receipt of Biodiesel. It has a unique user ID and password which enables the user to access the card for different purpose viz.
1)Purchase of Biodiesel from Green Celsius Authorized fuel station.2)Withdrawal of Money from Green Celsius authorized banking outlet.3)For purchasing of products from Green Celsius authorized outlet.4)Refund from Green Celsius authorized outlet.
LOCK In Period
Lock in period is the duration in days in which customer cannot ask for the refund of his amount given to Green Celsius for the purchase of Biodiesel. If the lock in period is over and 50 cycles for the sell are still not completed then only the customer can ask for the refund of his amount.The standard Lock In period is decided for 90 days.
Refund Before maturity
Lock In Period is over and 50 cycles are not completed and customer decides to withdraw his amount then, the prematurity refund can be given to the customer in following manner.
1)Amount equal to 60 Liters of Biodiesel (Considering the rate of Biodiesel at the time of refund).2)Deducting processing fee of Rs. 500 per unit from his actual amount paid to Green Celsius for the purchase of Biodiesel. 3)Or 60 liters of Biodiesel if he opts for refund.
Benefit will be given to the customer only after completion of 50 Cycles. If the 50 cycles are completed within the Lock In period customer will be provided with the maturity amount. After 90 days. And if the 50 cycles are not completed within the Lock in period customer has to wait till the completion of 50 Cycles.