JK Paper Ltd Fixed Deposit Scheme

JK_paper-fixed-deposit-schemeCompany Profile: JK Paper Limited

JK Paper Limited operates in  Paper and Boards. The Company’s products include a range of coated and uncoated printing and writing papers, and packaging boards. The Company’s copier paper brands include JK Copier, JK Easy Copier, JK Copier Plus, Sparkle and Cedar. It also focuses on segments, through specialty products, such as JK Excel Bond, MICR and Cheque papers. Its packaging board plant Central Pulp Mills produces boards, such as folding box board (FBB), solid bleached sulphate (SBS) and cup stocks in the brand names, JK TuffCote, JK Ultima and JK PureFil. The Company’s subsidiaries include Songadh Infrastructure & Housing Limited and Jaykaypur Infrastructure & Housing Limited.

Features and Benefits of JK Paper Ltd Fixed Deposit Scheme:

  • Minimum amount of deposit to be accepted is Rs. 10,000 and in multiple of Rs. 1,000 thereafter
  • 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 JK Paper Ltd Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period (Years) Minimum Deposit Amount (Rs) Rate of Interest (p.a.)
1 10,000 8.00%
2 10,000 8.25%
3 10,000 8.50%

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 10,000 10,824 8.00% 8.24%
2 10,000 11,774 8.25% 8.87%
3 10,000 12,870 8.50% 9.57%

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Website: JK Paper Ltd Fixed Deposit Scheme

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