IBN 18 Broadcast Limited has started Fixed Deposit for general public, share holders and trusts. The company is offering maximum interest of 12% P.A. compunded quarterly.
6 Months - 9.00% PA
1 Year - 12.00 % PA
2 Years - 12.00% PA
3 Years - 12.00 % PA
Additional 0.50% for senior citizens.
ICRA Rating ‘MA-’
Interest will be compounded monthly.
ibn18 Broadcast Ltd. (formerly GBN) owns and operates one of India’s leading 24-hour English language news and current affairs channel, CNN IBN. The channel was launched in December 2005 and has since its launch become one of India’s leading English language news channel. ibn18 Broadcast Ltd. also manages the operations of IBN7, a Hindi language news and current affairs channel. And it has recently launched its first Regional channel, IBN Lokmat in Maharashtra.
ibn18 Broadcast Ltd. is focused on producing high quality news programming and to capture news and events around the world. CNN IBN ,IBN7 and IBN Lokmat are journalist-led channels, which have achieved recognition in the very first year of their existence.
LIC HOUSING FINANCE LIMITED is one of India’s largest Housing Finance Companies providing financial assistance in the construction and purchase of house/flat since 1989; having nation-wide network across 6 Regional Offices, 13 Back Offices and 158 Marketing Units.
LIC Housing Finance Limited has started the Public Deposit Scheme from 10th May, 2007 onwards.
The Deposits accepted under Cumulative Option and Non-Cumulative Option. The terms of the deposits are 1 year, 18 months, 2 years, 3 years & 5 years in both the schemes. The payment of interest under cumulative Option will be compounded with half yearly rest. Under Non-Cumulative Option, interest will be paid half yearly i.e., 30th September and 31st March.
For Senior Citizens, Additional interest of @ 0.10% p.a. will be more on deposits upto Rs.50,000/- and 0.25% will be more on deposits above Rs.51,000/- payable for all the terms.
The Company has revised the rates of interest on Public Deposits with effect from 1st October, 2009 as under :
TERM
INTEREST RATE P.A.
1 YEAR
6.75%
18 MONTHS
6.80%
2 YEARS
7.25%
3 YEARS
7.50%
5 YEARS
8.00%
Minimum Amount of Deposit – Rs.10,000/- and additional Deposit in multiples of Rs. 1,000/-
DEDUCTION OF TAX AT SOURCE (TDS): In case where the interest amount exceeds Rs.5,000/- (or any such amount notified by the Government from time to time) in a financial year, income tax will be deducted at source as per section 194A of the Income tax Act, 1961 at the rates in force. If the depositors, who are not liable to pay income tax and the interest to be paid/ credited in the financial year does not exceed the maximum amount exempt from tax, depositor may submit a declaration in Form 15G in triplicate to the registrar namely Intime Spectrum Registry Limited in the beginning of every financial year, so as to receive interest without deduction of tax at source, failing which tax will be deducted at source in accordance with Section 194Aof the Income tax Act, 1961. Senior Citizens may submit a declaration in Form 15H.
TAX BENEFITS: No tax deduction at source on interest from deposits upto Rs. 5,000/- in a Financial Year.
NOMINATION: Individual depositors, singly or jointly, can nominate under this facility. In case the deposit is placed in the name of a minor the nomination can be made only by a person lawfully entitled to act on behalf of the minor. Power of attorney holder or any person acting in representative capacity as holder of an office or otherwise cannot nominate. The nominee shall have the right to receive the amount due in respect of deposit on death of all the depositors and payment by LIC Housing Finance Limited to the nominee shall constitute full discharge to LIC Housing Finance Limited of its liability in respect of the deposit.
ELECTRONIC CLEARING SERVICE (ECS): This facility is provided to depositor’s in select centres whereby the interest will be credited directly to the depositors’ bank account. The depositor would receive a credit entry “ECS LICHFL” in his passbook/bank statement. Intimation of interest credited would be sent to the depositor. Your bank will not levy any charge for this facility as per present RBI guidelines. Presently this facility is being offered by us at the following centers -
ECS Centres: Ahmedabad, Bangalore, Bhubaneshwar, Kolkata, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Mumbai, Nagpur, Nasik, New Delhi, Pune and Vadodara.
To Apply for LIC Housing Finance FD, Email your request at fd@moneyvriksh.com or follow the process-
HDFC Limited, the parent organization of HDFC Bank, has revised its deposit rates. This is for the first time that HDFC has done upward revision in interest rates. In 2009, HDFC decreased minified interest rates 4 times. This is the first interest revision of 2010 and is welcomed by all investors.
United Spirits Limited has relaunched its FD scheme on 01-Feb-2010 and this time it is accepting deposits from NRI (Non Resident Indians) as well. The rate of interest offered by the company is :
1 Year - 11.00%
2 Years - 11.50%
Last Date to accept FD is 10-June-2010
United Spirits Limited (formerly known as McDowell & Company Limited) comes under the aegis of UB Group, owned by Vijay Mallya.
Document Required for FD by NRIs-
Foreign Address proof
Indian Address proof
Cheque should be drawn from NRO A/C only
PAN Card
Document Required for FD by Indian Residents-
PAN Card
Payment made through ‘Payable at Par’ cheque.
To apply for FD, email your request to fd@moneyvriksh.com
HDFC Limited has launched the systematic saving plan wherein people can invest fixed amount every month to get variable interest ranging from 7.00% to 7.75% per annum. Named differently, the plan works exactly as a bank recurring deposit (RD). One can invest Rs.2,000 to Rs. 50,000 per month for minimum period of 24 months and maximum of 5 years. It is a medium to long term installment plan offering assured market related returns to retail individual investors. Credit rating assigned to HDFC is ‘AAA’.
Rates effective from March 8, 2010
Period (Months)
Rate of Interest (% p.a.)
24 - 35
7.25
36 – 59
7.50
60
8.00
Minimum Monthly Savings Amount – Rs. 2000.
Interest Rates are subject to change without any prior notice.
Eligibility:
All Resident individuals can open the SSP account. SSP is available at select centres where ECS facility is available.
Monthly Savings Plan:
SSP is a monthly savings plan where one can save as little as Rs. 2000 per month and accumulate a larger capital for future needs.
Variable rate of interest:
Interest rate on SSP is linked to the benchmark rate and will vary from time to time with the benchmark rate. Benchmark rate is the rate of interest applicable on SSP product from time to time for the corresponding period. Rate of interest (ROI) will be reset at the beginning of each calendar quarter.
Convenience:
SSP provides the convenience of ECS (Debit clearing) facility where the monthly savings amount is automatically transferred from the account-holder’s bank account to the SSP account every month on a pre-determined date.
Flexibility:
Depositor has the flexibility to choose any deposit period between 24 and 60 months to plan the future needs.
Accumulation of interest:
Interest will be accrued and credited (net of TDS) on 31st March every year.
Resident Individuals can open the SSP account by remitting the first month’s savings amount through an account payee cheque drawn in favour of HDFC Ltd, along with duly filled-in application form and ECS (debit clearing) Mandate attested by the depositor’s banker. The subsequent month’s savings installments will be directly transferred through the ECS (debit clearing) system on pre-determined dates every month as indicated in the application form/mandate. HDFC will issue a Deposit Receipt for the initial deposit amount at the time of opening the account indicating terms of the deposit. A consolidated statement of account giving details of all transactions will be sent annually as of 31st March.
Network18 Media & Investments Ltd has started accepting Fixed deposit with effect from 20th of January 2010. Following are the interest rates offered by company:
6 Months - 9.00% per annum
1 Year - 12.00 % PA
2 Years - 12.00% PA
3 Years - 12.00 % PA
Additional 0.50% for senior citizens. Interest will be compounded monthly.
Update: This Scheme is now open only for Shareholders. Minimum shares needed in DP Account: 1 (One)
ICRA has assigned it “MA-” rating. It is pronounced as ‘MA Minus’
Solaris Chemtech Industries Limited has decided to revise the Interest Rates on its Fixed Deposit Schemes with effect from January 1, 2010
The Interest details are as follows:
Period — Interest Rates
1 Years — 10.00%
2 Years — 10.25%
3 Years — 10.50%
In last 3 months, we have witnessed the downward revision of interest rates of many corporate FDs. So, it’s prudent for a investor to grab the limited 12% fixed deposits available.
The Fixed Deposit Scheme of GATI LIMITED has been reintroduced. The company is a leader in express cargo delivery and a pioneer in distribution and supply chain management solutions in India since 1989.
The Interest details are as follows:
Period — Interest Rates
1 Years — 10.00%
2 Years — 10.25%
3 Years — 10.50%
* 0.50% p.a. Additional Interest for Shareholders of the company.
2. Deposit Local or at par cheque favouring “GATI Limited” in any branch of AXIS Bank. A/C No: 008010200026169. Then Duly filled application form along with the acknowledgment slip should be sent to our address
Fixed Deposit | admin | July 25, 2010 | 
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