Sezal Glass Limited Fixed Deposit Scheme – Dec 2012

Sezal Glass Limited has launched its Fixed Deposit Scheme for the tenure of 1 to 3 years offering interest rate 11.50% to 12.00% per year.

Salient Features:

  1. Minimum deposit amount is Rs. 10,000 only.
  2. Additional amount will be accepted in multiples of Rs. 1,000 only.
  3. In scheme A – Interest shall be paid quarterly on 31st March, 30th June, 30th September and 31st December.
  4. In Scheme B – Interest shall be compounded quarterly and paid on maturity
  5. 0.50% p.a. additional interest for Senior Citizens, Shareholders, Employees, Defence Personnel, Para-Military Personnel, Ex-Servicemen and Physically Handicapped.
  6. Nomination facility available.

Interest Rates:

The chart below summarizes the interest rate for Sezal Glass FD Scheme:

sezal glass ltd - fixed deposit scheme

Sezal Glass Ltd – Fixed Deposit Scheme (Click on image to enlarge)

Why Invest?

  1. The interest rate of 12.5% is higher by 3% than that offered by most banks.

Why not to Invest?

  1. Company fixed deposits are unsecured and illiquid.
  2. Interest income from company fixed deposits is taxable and for those in the highest tax bracket the post tax return works out to a mere 7.95% to 8.64%.

About Sezal Glass:

  1. Established player in the value addition global player.
  2. Ranked among the top five Architectural Glass Processing Companies in the country.
  3. Having retail showroom “Sezal Encasaa” at Mumbai dealing in mid and high end decorative glass, arts and artefacts, lights and luminares, sanitary ware, tiles and wallpapers.

Click Here to Download Sezal Glass FD Application Form

2 thoughts on “Sezal Glass Limited Fixed Deposit Scheme – Dec 2012

  1. Beware of this company and the registrar M/s Link Intime. They have not returned investors previous money and are now asking for fresh deposit. They have gobbled up by Principal of Rs 20,000/-. Have returned only the interest of Rs 8.5k for a 3 year FD in Mar 2013. Neither the company nor the registrar respond to customer by any modes of communication, post, e-mail or telephone. Moreover, the company has changed name to Sezal from the earlier Sejal to accept fresh deposit. My complaint is pending with company law board. Just hope that I get something back.
    Avoid this at all cost and please educate others

    • K Krishnamurthy says:

      Any development on your matured deposit Mr. Upadyay?

      I am facing the same predicament with my deposit of Rs. 42000- which matured on 31/10/2013.
      Last quarter interest was also received in account although Link Intime advised me that it would be credited on 30.09.2013.

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