Written on April 1, 2011 at 4:47 am by Amit

Lyka Labs Limited Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

Company Profile: Lyka Labs Limited

The Company is presently carrying on the business of manufacture of bulk drugs and pharmaceutical formulations. The Company has its formulation divisions at Ankleshwar & Tarapur and Bulk Drugs division at Ankleshwar. The Company has its R & D centre at Mumbai. The Company has a subsidiary viz. LYKA BDR INTERNATIONAL LTD. which is engaged in export of pharmaceutical products.

Features and Benefits of Lyka Labs Limited Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 10,000 and in multiple of Rs. 1,000 thereafter
Additional interest of 0.5% for senior citizens
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 Lyka Labs Limited Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly/Half Yearly)
Period (months)	Minimum Deposit Amount (Rs)	Rate of Interest (p.a.)
6	25,000	10.00%
12	5,000	10.50%
24	5,000	11.00%
36	5,000	12.00%
Interest paid Half Yearly on deposits upto Rs 25,000 Interest paid Quarterly for the deposits exceeding Rs 25,000

Scheme B: Cumulative Deposit Scheme (Interest compounded quarterly)
Period (months)	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)
24	5,000	6,212	11.00%	12.12%
36	5,000	7,129	12.00%	14.19%

Scheme C: Non-Cumulative Deposit Scheme (Interest Payable Monthly)
Period (months)	Minimum Deposit Amount (Rs)	Rate of Interest (p.a.)
36	50,000	12.00%