Categories: Company Fixed DepositsFixed DepositFixed Income

Jagatjit Industries Ltd. Fixed Deposit Scheme

Jagatjit Industries Limited was founded in the year 1944 by Late Mr.L.P.Jaiswal in the erstwhile State of Kapurthala under the patronage of its Maharaja Jagatjit Singh. The company manufactures and markets alcoholic beverages, malt, malt extract, malted milk foods, milk powder, ghee, glass and pet containers. It owns the popular Aristocrat brand for liquors.

Payments should be made by means of an “Account Payee” cheque/bank draft drawn on a scheduled bank payable at cities indicated on the previous page payable to “JAGATJIT INDUSTRIES LIMITED – FIXED DEPOSIT ACCOUNT”.

Features and Benefits of Jagatjit Industries Ltd. Fixed Deposit Scheme:

Rate of Interest applicable on deposit received/renew w.e.f. September 26, 2009

Scheme A: Non-Cumulative Deposit Scheme (Quarterly)
Period	Minimum Deposit (Rs.)	Interest (% p.a.)	Quarterly interest (Rs.) on Rs 25,000
1 Year	25,000	10.5	656.25
2 Years	25,000	11	687.5
3 Years	25,000	11.5	718.75

Scheme B: Non-Cumulative Deposit Scheme (Monthly)
Period	Minimum Deposit (Rs.)	Interest (% p.a.)	Quarterly interest (Rs.) on Rs 50,000
1 Year	50,000	10.5	437.5
2 Years	50,000	11	458.33
3 Years	50,000	11.5	479.17

Scheme C: Cumulative Deposit Scheme
Period	Minimum Deposit (Rs.)	Interest (% p.a.)	Payable on Maturity (Rs.)	Effective Yield (% p.a.)
6 Months	50,000	10	52,553	10.2
1 Year	25,000	10.5	27,756	11.02
2 Years	25,000	11	31,121	12.24
3 Years	25,000	11.5	35,242	13.65

Website: Jagatjit Industries Ltd. 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.