Network18 Media Fixed Deposit Scheme

Company Profile: Network 18 Media & Investments Limited

IBN18 Broadcast Limited is an India-based company. The principal activity of the company is to engage in media business and investment in media undertakings. The Company is in the business of broadcasting, telecasting, relaying and transmitting general news programmes and operates the news channels CNN IBN. The Company operates in the media business segment mainly comprising media and related operations. It operates within India and overseas. IBN18 operates two general news channels: CNN IBN and IBN 7. It also operates the Marathi News Channel IBN Lokmat through its joint venture with Lokmat Group. IBN18 also forayed into entertainment sector through its joint venture with Viacom called Viacom18, which operates channels, such as Colors, MTV, Nick and Vh1. The Company operates two general news channels: CNN IBN and IBN 7. Its subsidiaries include RVT Media Private Limited, IBN18 Media and Software Limited, IBN18 (Mauritius) Ltd and Viacom18 Media Private Limited.

Features and Benefits of Network 18 Media & Investments Limited Fixed Deposit Scheme:

  • Minimum amount of deposit to be accepted is Rs. 10,000 and in multiple of Rs. 1,000 thereafter
  • ICRA Rating – “MA-” (M A Minus)
  • An additional interest of 0.5% per annum shall be given to the following categories – Employees of the Network18 Group & Senior Citizens above the age of 60 years
  • 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 and discretion of the company

Interest Rate of Network 18 Media & Investments Limited Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period Minimum Deposit Amount (Rs) Rate of Interest (p.a.)
6 Months 10,000 9.00%
1 Year 10,000 12.00%
2 Years 10,000 12.00%
3 years 10,000 12.00%

 

Scheme B: Cumulative Deposit Scheme (Interest compounded Quarterly)
Period Minimum Deposit Amount (Rs) Maturity Amount (Rs) Rate of Interest (p.a.) Effective Yield (p.a.)
1 Year 10,000 11,255 12.00% 12.55%
2 Years 10,000 12,668 12.00% 13.34%
3 years 10,000 14,258 12.00% 14.19%

Managers to the Scheme:

  1. Almondz Global
  2. Bajaj Capital Ltd
  3. Bharat Bhusan & Co
  4. Enam Securities Pvt Ltd
  5. Indiabulls Securities
  6. J K Investments
  7. J M Financial
  8. Karvy Stock Broking Ltd
  9. RR Investors Capital Services Ltd
  10. Security Investments
  11. SMC Global Securities

For more details download form below

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Website: Network 18 Fixed Deposit Scheme

About Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.

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2 thoughts on “Network18 Media Fixed Deposit Scheme

  1. Dr.V.S.V.Mani says:

    I want to deposit a sum Rs 4,20,000 only for a period of 12 months.The amount is payable to my wife R. Neelamani, 4-306, Mantri residency, Bannerghatta Road, Bangalore(who is no more) and has been with you as FD number 50308.I am her husband Dr. V.S.V.Mani and am the nominees for the FD. Kindly let me know what is to be done. I have received a cheque for Rs 420799 today but it is in the name of R. Neelamani though I have already sent on 24th Of March, the FD duly signed and her death certificate. please reply immediately. Thanks.

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