Categories: Company Fixed DepositsFixed DepositFixed Income

JK Tyre & Industries Ltd Fixed Deposit Scheme

JK Tyre & Industries Ltd. is an India-based company engaged in the business of manufacturing of automotive tires, tubes and flaps. The Company manufactures its products in five manufacturing centers in India, which include Banmore tyre plant, Madhya Pradesh; Vikrant tyre plant, Karnataka; Truck Radial plant, Karnataka, and Kankroli tyre plant, Rajasthan. The Company also consists of three manufacturing plants in Mexico. The Company’s products are marketed under the JK Tyre and Vikrant brands.

Features of JK Tyre & Industries Ltd Fixed Deposit Scheme:

0.50% additional Interest to senior citizen (above 60 years), employee, shareholders and person investing Rs. 5 lacs and above
Minimum amount of deposit: Rs 20,000 and thereafter in multiples of Rs 5,000

Rate of Interest Applicable W.E.F. 15th January 2011

Period (Years)	Scheme ‘A’ – (Non-Cumulative)	Scheme ‘B’ – (Cumulative)
Period (Years)	Rate of Interest per annum (%) Payable quarterly	Rate of Interest Per Annum (%) Compounded Quarterly	Minimum Amount of Deposit ((Rs))	Amount Payable on Maturity ((Rs))	Effective yield per Annum (%)
1	9	9	20,000	21,862	9.31
2	9.25	9.25	20,000	24,014	10.03
3	9.5	9.5	20,000	26,507	10.84

You can get the complete details by downloading the form below.

{filelink=15}

Website: JK Tyre & 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.