Categories: Company Fixed DepositsFixed DepositFixed Income

Gold Souk Fixed Deposit Scheme

Company Profile: Aerens Gold Souk Group

Aerens Gold Souk Group is a strategic business arm of the 4 decade old Aerens Group which has played a pivotal role in ushering in a new dawn in India’s real estate environment. Aerens Group is involved in the development of world class projects ranging from residential, commercial, entertainment, farm house schemes to resorts and hi-end specialty malls.

Aerens Group is today seen as a trendsetter and has taken mega initiatives to develop a niche in the highly competitive and fast growing real estate market of India. Aeren’s Group pioneered the concept of developing Farm Houses as residences and was the first company to develop a shopping mall with a multiplex. The Group is today well established and has leadership position in specialty malls, theme based housing and has won many accolades for its concept of hi-end developments.

Features and Benefits of Gold Souk Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 25,000 and in multiple of Rs. 5,000 thereafter
Additional interest of 0.5% for Senior citizens, shareholders and employees of the company
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 Gold Souk Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period (months)	Minimum Deposit Amount (Rs)	Rate of Interest (p.a.)
6	25,000	10.00%
12	25,000	11.00%
24	25,000	11.25%
36	25,000	11.50%

Scheme A: Cumulative Deposit Scheme (Interest compounded quarterly)
Period (months)	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)
6	25,000	26,266	10.00%	10.12%
12	25,000	27,866	11.00%	11.46%
24	25,000	31,211	11.25%	12.42%
36	25,000	35,128	11.50%	13.50%

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.)
6	100,000	105,191	10.25%	10.38%
12	100,000	111,734	11.25%	11.73%
24	100,000	125,452	11.50%	12.73%
36	100,000	141,541	11.75%	13.85%

Scheme C: Cumulative Deposit Scheme (Interest compounded quarterly)
Period (months)	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest (p.a.)	Effective Yield (p.a.)
6	500,000	526,594	10.50%	10.64%
12	500,000	560,028	11.50%	12.01%
24	500,000	630,317	11.75%	13.03%
36	500,000	712,880	12.00%	14.19%

For more details download form below

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Website: Gold Souk 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.