Written on January 19, 2010 at 5:13 pm by Amit

Network18 Media Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

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%