Written on October 1, 2011 at 10:29 am by Amit

Jaiprakash Associates Ltd. Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

Company Profile: Jaiprakash Associates Ltd

Incorporated in 1995, the Jaypee Group had a market capitalisation of Rs. 34,000 Crores with 4 Lacs+ shareholder & 56,000 depositors. Started as an Engineering company and has later on diversified its business into various segments. Currently the group has its presence in following sectors :

Engineering & Construction
Cement Manufacturing
Hydro, Thermal & Wind Power Generation
Expressway & Real Estate
Hospitality
Education

Features and Benefits of Jaiprakash Associates Ltd. Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 20,000 and in multiple of Rs. 1,000 thereafter
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

Interest Rate of Jaiprakash Associates Ltd. Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest compounded Monthly but Payable Quarterly)
Period (Months)	Minimum Deposit Amount (Rs)	Rate of Interest
1 Year	20,000	11.75%
2 Years	20,000	12.25%
3 years	20,000	12.50%

Scheme B: Cumulative Deposit Scheme (Interest compounded Monthly)
Period	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest	Effective Yield
6 Months	20,000	21,150	-	11.50%
1 Year	20,000	22,480	11.75%	12.40%
2 Years	20,000	25,520	12.25%	13.80%
3 years	20,000	29,044	12.50%	15.07%