Company Profile: Avon Corporation Ltd
Avon Corporation Ltd – An ISO 9001:2000 Certified company, is a manufacturer of weighing scales under the “Avon” Brand such as – Mechanical Scale, Stylish Digital Glass Scale, Wooden Scale, Wireless Digital Glass Scale, Digital Super Slim Scale, Digital Body Fat Scale, Digital BMI Scale, Digital Body Analysis Scale, Ultra Slim Body Fat Scale, Digital Kitchen Scales, Digital Baby Scales, High Resolution Platform Scales, Ultra Low Profile Platform Scales, Weighbridges and Auto-Vibrator Feeder System with SQC which all are manufactured in their plant located at Baddi, Himachal Pradesh.
Avon was established by Mr. Pankaj Saraiya in the year of 1995. Later it got transferred in to Avon Weighing Systems Private Limited in the year 1999 which again got transferred in to Avon Weighing Systems Limited in the year 2004.
Features and Benefits of Avon Corporation Ltd Fixed Deposit Scheme:
- Minimum amount of deposit to be accepted is Rs. 5,000 and in multiple of Rs. 1,000 thereafter
- An additional interest of 0.5% per annum shall be given to the following categories – Employees of the Avon Corporation, Shareholders & Senior Citizens above the age of 60 years
- 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 discretion of the company
Interest Rate of Avon Corporation Ltd Fixed Deposit Scheme:
|Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)|
|Period (Months)||Minimum Deposit Amount (Rs)||Rate of Interest (p.a.)|
|Scheme B: Cumulative Deposit Scheme (Interest compounded Quarterly)|
|Period (Months)||Minimum Deposit Amount (Rs)||Maturity Amount (Rs)||Rate of Interest (p.a.)||Effective Yield (p.a.)|
Managers to the Scheme:
- Bajaj Capital Ltd
- HDFC Securities
- Megna Financial Services
- Upendra Dalal & Co
For more details download form below
Website: Avon Corporation Ltd Fixed Deposit Scheme
7 thoughts on “Avon Corporation Ltd Fixed Deposit Scheme”
This is a fraud company. Please don’t invest money. I am also suffering last five years.
This is a fraud company. You will loose your principal as well. I have lost mine
if they are not made after maturity it shows their intension. why u people make f.d in these kind of companies
Avon corporation ltd is faurd company and he never return any money to his investor ,I am one of the investor
Yes I too have come across several complaints about not paying back either principal or interest to its investors. you will have to unite and file case against them.
I WANT TO KNOW ABOUT THE REPAYMENT/ RENEWAL OF FIXED DEPOSITS OF AVON CORPORATION LTD
Avon Corporation has defaulted on its fixed deposits and many investors are complaining about not receiving back the principal amount. Stay away from this company FD!