Jagatjit Industries Ltd. Fixed Deposit Scheme

Jagatjit Industries Limited was founded in the year 1944 by Late Mr.L.P.Jaiswal in the erstwhile State of Kapurthala under the patronage of its Maharaja Jagatjit Singh. The company manufactures and markets alcoholic beverages, malt, malt extract, malted milk foods, milk powder, ghee, glass and pet containers. It owns the popular Aristocrat brand for liquors.

Payments should be made by means of an “Account Payee” cheque/bank draft drawn on a scheduled bank payable at cities indicated on the previous page payable to “JAGATJIT INDUSTRIES LIMITED – FIXED DEPOSIT ACCOUNT”.

Features and Benefits of Jagatjit Industries Ltd. Fixed Deposit Scheme:

Rate of Interest applicable on deposit received/renew w.e.f.  September 26, 2009

Scheme A: Non-Cumulative Deposit Scheme (Quarterly)
Period Minimum Deposit (Rs.) Interest (% p.a.) Quarterly interest (Rs.) on Rs 25,000
1 Year 25,000 10.5 656.25
2 Years 25,000 11 687.5
3 Years 25,000 11.5 718.75

Scheme B: Non-Cumulative Deposit Scheme (Monthly)
Period Minimum Deposit (Rs.) Interest (% p.a.) Quarterly interest (Rs.) on Rs 50,000
1 Year 50,000 10.5 437.5
2 Years 50,000 11 458.33
3 Years 50,000 11.5 479.17

Scheme C: Cumulative Deposit Scheme
Period Minimum Deposit (Rs.) Interest (% p.a.) Payable on Maturity (Rs.)  Effective Yield (% p.a.)
6 Months 50,000 10 52,553 10.2
1 Year 25,000 10.5 27,756 11.02
2 Years 25,000 11 31,121 12.24
3 Years 25,000 11.5 35,242 13.65

Website: Jagatjit Industries Ltd. Fixed Deposit Scheme

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