Written on May 27, 2011 at 7:52 pm by Amit

Atlanta Limited Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

Company Profile: Atlanta Limited

Atlanta Limited is an ISO 9001:2000 certified company with deep rooted presence in three of the country’s fastest growing segments: infrastructure development, mining and realty. A niche and specialized player, the company has a diversified and de-risked work portfolio and enjoys an early mover advantage with over three decades of presence in Engineering, Procurement and Construction (EPC) and realty and over a decade plus presence in executing Public Private Partnership (PPP) contracts and contact mining of limestone and coal. The company has earned a place amongst the leaders in the industry on the basis of its long-term vision and technical merit – by planning ahead and by embracing the right technology at the right time and establishing a solid platform for sustained growth.

Features and Benefits of Atlanta Limited Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 25,000 and in multiple of Rs. 1,000 thereafter
An additional interest of 0.25% per annum shall be given to the following categories – Employees, Shareholders of the Atlanta Limited & Senior Citizens above the age of 60 years
The Company reserves the right to vary the terms, including interest and brokerage, for deposits of Rs 5,00,000 & above
Post dated Interest Warrants for each financial year will be dispatched in advance
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 discretion of the company

Interest Rate of Atlanta 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	25,000	11.50%
2	25,000	11.75%
3	25,000	12.00%
Monthly interest payment option available in case of deposits of Rs. 5 lacs and above

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	25,000	28,001	11.50%	12.01%
2	25,000	31,516	11.75%	13.03%
3	25,000	35,644	12.00%	14.19%