Company Profile: Amrit Corp. Limited
Amrit Corp. Limited, formerly known as Amrit Banaspati Company Ltd., is the flagship holding company of the Amrit Group. It is a public limited company listed on the stock exchanges at Mumbai and Kanpur. Starting off in the year 1940, Amrit Corp. set up various businesses including edible oils, writing & printing paper, dairy milk & milk products, real estate and services to emerge as a diversified conglomerate.
Amrit Corp. is now into following activities:
- UHT dairy milk, flavoured mik, dairy mixes and milk/milk based products
- Real Estate i.e. development of residential township, commercial spaces and group housing complexes
- Services i.e. corporate & strategic advisory services and BPO/back-office services to the Group Companies
Features and Benefits of Amrit Corp. Limited Fixed Deposit Scheme:
- Minimum amount of deposit to be accepted is Rs. 5,000 and in multiple of Rs. 1,000 thereafter
- Additional interest rate of 0.5% would be paid for Senior citizens and shareholders of the company (min 100 shares)
- Income Tax will not be deducted upto interest Rs. 5,000 in a Financial Year
- Nomination facility available
- Premature withdrawal permissible as per the statutory guidelines and at the discretion of the company
Interest Rate of Amrit Corp. Limited Fixed Deposit Scheme:
Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly) | ||
Period (Years) | Minimum Deposit Amount (Rs) | Rate of Interest (p.a.) |
1 | 5,000 | 9.00% |
2 | 5,000 | 9.50% |
3 | 5,000 | 10.00% |
Scheme B: Cumulative Deposit Scheme (Interest compounded quarterly) | ||||
Period (Years) | Minimum Deposit Amount (Rs) | Maturity Amount (Rs) | Rate of Interest (p.a.) | Effective Yield (p.a.) |
1 | 5,000 | 5,465 | 9.00% | 9.32% |
2 | 5,000 | 6,033 | 9.50% | 10.33% |
3 | 5,000 | 6,742 | 10.00% | 11.50% |
Managers to the Scheme:
- Ajay Kapoor
- Das Investments
- R R Financial Consulatans Ltd
- Save ‘N’ Grow
- Singhal Portfolio Services (P) Ltd
- Time Capital
For more details download form here
Website: Amrit Corp. Limited Fixed Deposit Scheme