PAE Limited Fixed Deposit Scheme

PAE_limited_fixed_deposit_schemeCompany Profile: PAE Limited

In 1950, PAE (then known as Premier Auto Electric) made a small beginning with a sales office in Mumbai for auto electrical components. Over a short period of time, it developed in to a full-fledged service station for auto electrical equipment, and then as a distributor and service agent for world leaders such as General Electric, Carter, Prestolite, Autolite, and Magneti Marelli in the metro cities of India.

In 1990, PAE became a public-listed company on the Bombay Stock Exchange Ltd and raised additional capital in 1997 via a rights issue.

In 2003, the company entered in to non-automotive businesses such as industrial batteries and power solutions and changed its name to PAE Ltd.

Features and Benefits of PAE Limited Fixed Deposit Scheme:

  • Minimum amount of deposit to be accepted is Rs. 10,000 and in multiple of Rs. 1,000 thereafter
  • 0.25% additional interest rate for Shareholders, Senior Citizens and Employees of the company
  • Only non-cumulative fixed deposit option available
  • 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 PAE Limited Fixed Deposit Scheme:

Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period (Years) Minimum Deposit Amount (Rs) Rate of Interest (p.a.)
Public Shareholders/ Senior Citizen & Employees
1 10,000 10.00% 10.25%
2 10,000 10.50% 10.75%
3 10,000 11.00% 11.25%

Managers to the Scheme:

  1. Samata Investment & Services
  2. Enam Securities Pvt Ltd
  3. Western securities
  4. Integrated Enterprises (India) Ltd

For more details download form below


Website: PAE Limited Fixed Deposit Scheme

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