Amrit Corp. Limited Fixed Deposit Scheme

Company Profile: Amrit Corp. Limited

Amrit Corp. Limited,  formerly known as Amrit Banaspati Company Ltd., is the flagship holding company of the Amrit Group. It is a public limited company listed on the stock exchanges at Mumbai and Kanpur. Starting off in the year 1940, Amrit Corp. set up various businesses including edible oils, writing & printing paper, dairy milk & milk products, real estate and services to emerge as a diversified conglomerate.

Amrit Corp. is now into following activities:

  • UHT dairy milk, flavoured mik, dairy mixes and milk/milk based products
  • Real Estate i.e. development of residential township, commercial spaces and group housing complexes
  • Services i.e. corporate & strategic advisory services and BPO/back-office services to the Group Companies

Features and Benefits of Amrit Corp. Limited Fixed Deposit Scheme:

  • Minimum amount of deposit to be accepted is Rs. 5,000 and in multiple of Rs. 1,000 thereafter
  • Additional interest rate of 0.5% would be paid for Senior citizens and shareholders of the company (min 100 shares)
  • 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 Amrit Corp. Limited Fixed Deposit Scheme:

Related Post
Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period (Years) Minimum Deposit Amount (Rs) Rate of Interest (p.a.)
1 5,000 9.00%
2 5,000 9.50%
3 5,000 10.00%

 

Scheme B: Cumulative Deposit Scheme (Interest compounded quarterly)
Period (Years) Minimum Deposit Amount (Rs) Maturity Amount (Rs) Rate of Interest (p.a.) Effective Yield (p.a.)
1 5,000 5,465 9.00% 9.32%
2 5,000 6,033 9.50% 10.33%
3 5,000 6,742 10.00% 11.50%

Managers to the Scheme:

  1. Ajay Kapoor
  2. Das Investments
  3. R R Financial Consulatans Ltd
  4. Save ‘N’ Grow
  5. Singhal Portfolio Services (P) Ltd
  6. Time Capital

For more details download form here

Website: Amrit Corp. Limited Fixed Deposit Scheme

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.

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