Written on September 30, 2011 at 4:26 pm by Amit

D. S. Kulkarni Developers Ltd Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

Company Profile: D. S. Kulkarni Developers Ltd

“D. S. Kulkarni Developers Ltd The Company was incorporated as a Public Limited Company on 20th September, 1991, having its registered office at Pune. The Company was promoted by Mr D S Kulkarni, who is leading the DSK Group. The Group is reputed for quality construction.

Proven track record in the field of construction & real estate development
Profit making company, right from its inception
Public Ltd. company listed on National and Mumbai Stock Exchange
An ISO 9001, ISO 14001, OHSAS 18001 certified company
More than 25,000 satisfied depositors

Features and Benefits of D. S. Kulkarni Developers Ltd Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 25,000 and in multiple of Rs. 1,000 thereafter
The following shall be preferred depositors who shall be eligible for 0.50% additional interest on per annum basis over and above the basic rate - Shareholders, Flat holders, Employees of DSK Group, Persons above the age of 60 years, Armed Forces Personnel, Person investing Rs. 5 lac and above in single application
For non-cumulative option to be paid monthly or quarterly
For monthly option the payment would only be done through ECS
Depositors will get post dated cheques for interest as well as for principal amount
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

Interest Rate of D. S. Kulkarni Developers Ltd Fixed Deposit Scheme:

Scheme B: Non-Cumulative Deposit Scheme (Interest Payable Monthly/Quarterly)
		Interest rate p.a. for Public Depositors		Interest rate p.a. for Preferred Depositors
Period (Months)	Minimum Deposit (Rs)	For ECS	For PDC	For ECS	For PDC
12	25,000	11.00%	10.50%	11.50%	11.00%
24	25,000	11.50%	11.00%	12.00%	11.50%
36	25,000	12.00%	11.50%	12.50%	12.00%
ECS = Electronic Clearing Service \|\| PDC = Post Dated Cheques

Scheme A: Cumulative Deposit Scheme for general investors (Interest compounded Quarterly)
		For ECS			For PDC
Period (Months)	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)
12	25,000	27,866	11.00%	11.46%	27,730	10.50%	10.92%
24	25,000	31,363	11.50%	12.72%	31,060	11.00%	12.12%
36	25,000	35,645	12.00%	14.19%	35,128	11.50%	13.50%

Scheme A: Cumulative Deposit Scheme for preferred investors (Interest compounded Quarterly)
		For ECS			For PDC
Period (Months)	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)
12	25,000	28,001	11.50%	12.00%	27,866	11.00%	11.46%
24	25,000	31,670	12.00%	13.34%	31,363	11.50%	12.72%
36	25,000	36,168	12.50%	14.89%	35,645	12.00%	14.19%