Categories: Company Fixed DepositsFixed DepositFixed Income

Kolte Patil Developers Ltd. Fixed Deposit Scheme

Company Profile: Kolte Patil Developers Ltd.

Ever since its inception, Kolte Patil Developers Ltd. (KPDL) has been on the forefront of developments with its trademark philosophy of ‘Creation and not Construction’. With over 5 million square feet of landmark developments across Pune and Bengaluru, KPDL has created a remarkable difference by pioneering new lifestyle concepts, leveraging cutting edge technology and creating insightful designs. KPDL’s extensive spectrum of creations spans across multiple segments like residential projects, business and retail properties, IT Parks, Integrated Townships and Hospitality Infrastructure. Its core business operations feature varied aspects of construction business, such as location identification, acquisition, project planning, designing and development.

Features and Benefits of Kolte Patil Developers Ltd. Fixed Deposit Scheme:

Minimum amount of deposit to be accepted is Rs. 20,000 and in multiple of Rs. 5,000 thereafter
Interest payment cheques in advance for non-cumulative deposit scheme
Income Tax will not be deducted upto interest Rs. 5,000 in a Financial Year
An additional interest of 0.5% shall be paid to the following special category investors – senior citizens, handicapped, armed force personnel, employees, flat owners of Kotle Patil group and Shareholders of the Company

Interest Rate of Kolte Patil Developers Ltd. Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period (Year)	Minimum Deposit Amount (Rs)	Rate of Interest	Rate of Interest for Special Category
1	20,000	11.00%	11.50%
2	20,000	11.50%	12.00%
3	20,000	12.00%	12.50%

Scheme B: Cumulative Deposit Scheme (Interest compounded Quarterly)
		for General Investors			for Special Category Investors
Period (Year)	Minimum Deposit Amount (Rs)	Maturity Amount (Rs)	Rate of Interest	Effective Yield	Maturity Amount (Rs)	Rate of Interest	Effective Yield
1	20,000	22,292	11.00%	11.46%	22,401	11.50%	12.01%
2	20,000	25,090	11.50%	12.73%	25,335	12.00%	13.34%
3	20,000	28,497	12.00%	14.16%	28,914	12.50%	14.86%

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Website: Kolte Patil Developers 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.