Categories: Company Fixed DepositsFixed DepositFixed Income

Jaiprakash Associates Ltd. Fixed Deposit Scheme

Company Profile: Jaiprakash Associates Ltd

Incorporated in 1995, the Jaypee Group had a market capitalisation of Rs. 34,000 Crores with 4 Lacs+ shareholder & 56,000 depositors. Started as an Engineering company and has later on diversified its business into various segments. Currently the group has its presence in following sectors :

Engineering & Construction
Cement Manufacturing
Hydro, Thermal & Wind Power Generation
Expressway & Real Estate
Hospitality
Education

Features and Benefits of Jaiprakash Associates Ltd. Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 20,000 and in multiple of Rs. 1,000 thereafter
Post dated Interest Warrants for each financial year will be dispatched in advance
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

Interest Rate of Jaiprakash Associates Ltd. Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest compounded Monthly but Payable Quarterly)
Period (Months)	Minimum Deposit Amount (Rs)	Rate of Interest
1 Year	20,000	11.75%
2 Years	20,000	12.25%
3 years	20,000	12.50%

Scheme B: Cumulative Deposit Scheme (Interest compounded Monthly)
Period	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest	Effective Yield
6 Months	20,000	21,150	–	11.50%
1 Year	20,000	22,480	11.75%	12.40%
2 Years	20,000	25,520	12.25%	13.80%
3 years	20,000	29,044	12.50%	15.07%

Managers to the Scheme:

Bajaj Capital Ltd
R R Investors Retail Services Pvt Ltd
Security Investment Ltd
SMC Global Securities Ltd

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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View Comments

Manabendra Nath Sen says:

August 28, 2015 at 2:34 pm

Manabendra Nath Sen, 00325699 (F D R no.)
Why no return of my deposited amount of Rs.200000/=after maturity on 11.01.2015 ?
GOUR NARAYAN BARAT says:

March 3, 2015 at 1:45 pm

Why no return of the amount after maturity on 28.01.2014 till date without any intimation?
- GOUR NARAYAN BARAT says:
  
  March 3, 2015 at 1:49 pm
  
  Pl enlighten me as I got Rs. 200000/- with you .It matured on 28.01.2014 but it is not paid back till date.
  - Amit says:
    
    March 7, 2015 at 8:26 am
    
    You will need to follow up with the company. Write directly to them