Categories: Company Fixed DepositsFixed DepositFixed Income

Godrej Industries Limited Fixed Deposit Scheme

Company Profile: Godrej Industries Limited

Godrej Industries is India’s leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates real estate. GIL is a member of the Godrej Group, which was established in 1897 and has since grown into a US$1.875 billion conglomerate. The company was called Godrej Soaps until March 31, 2001. Thereafter, the consumer products division got de-merged into Godrej Consumer Products, and the residual Godrej Soaps became Godrej Industries. This led to the formation of two separate corporate entities: Godrej Consumer Products and Godrej Industries.

Besides its three businesses, Godrej Industries also runs four divisions — Corporate Finance, Corporate HR, Corporate Audit and Assurance and Research and Development — which operate on behalf of the entire Godrej Group.GIL has built a strong manufacturing base capable of delivering international quality products at competitive prices. It operates two plants, one at Valia in the Indian state of Gujarat and a second at Vikhroli in suburban Mumbai. The company’s products are exported to 40 countries in North and South America, Asia, Europe, Australia and Africa, and it leads the Indian market in the production of fatty acids, fatty alcohols and AOS.

Features and Benefits of Godrej Industries Limited 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
Nomination facility available
Premature withdrawal permissible as per the statutory guidelines and at the discretion of the company

Interest Rate of Godrej Industries Limited Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Half Yearly)
Period (Months)	Minimum Deposit Amount (Rs)	Rate of Interest (p.a.)
13	10,000	7.75%
24	10,000	8.50%
36	10,000	9.25%

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.)
13	10,000	10,866	7.75%	8.02%
24	10,000	11,832	8.50%	9.17%
36	10,000	13,156	9.25%	10.53%

Managers to the Scheme:

Bluechip Corporate Investment Centre Ltd
Integrated Enterprises (India) Ltd
JM Financial Services Pvt Ltd

For more details download form below

{filelink=32}

Website: Godrej Industries 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.