Written on August 30, 2011 at 6:55 am by Amit

Phadnis Group Fixed Deposit Scheme

Filed under Fixed Deposit, Fixed Income {no comments}

Company Profile: Phadnis Group

Phadnis Group is a Pune based business house with focus on Hospitality, Real Estate, Infrastructure, Power, ITeS and Telecom.

Incorporated in 2003 as Sahil Group by Mr. Vinay Phadnis, a visionary who has a brilliant track record, having laid several prestigious projects, the group is moving strongly towards emerging as a leading player in hospitality and real estate development.

Tying up with various partners Phadnis Group is moving towards achieving excellence in each endeavour. Following a successful line-up of various projects in various sectors across India, Phadnis Infrastructure is all set to make a mark and contribute in the development of the nation as a whole.

Features and Benefits of Phadnis Group 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
Premature withdrawal permissible on company discretion

Interest Rate of Phadnis Group Fixed Deposit Scheme:

Option 2: Non-Cumulative Deposit Scheme (Interest Payable Monthly, Quarterly & Half Yearly)
Period	Minimum Deposit Amount (Rs)	Rate of Interest (% p.a.)	Rate of Interest (% p.a.) for Shareholders, Employees & Senior Citizens
6 Months	10,000	10.00%	10.25%
1 Year	10,000	11.00%	11.25%
2 Years	10,000	12.00%	12.25%
3 Years	10,000	12.50%	12.50%

Option 1: Non-Cumulative Deposit Scheme (Interest Compounded Monthly)
		for General Public			for Shareholders, Employees & Senior Citizens
Period	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest (% p.a.)	Effective Yield (% p.a.)	Maturity Amount (Rs)	Rate of Interest (% p.a.)	Effective Yield (% p.a.)
1 Year	10,000	11,157	11.00%	11.57%	11,185	11.25%	11.85%
2 Years	10,000	12,697	12.00%	13.49%	12,760	12.25%	13.80%
3 Years	10,000	14,522	12.50%	15.07%	14,522	12.50%	15.07%