Lyka Labs Limited Fixed Deposit Scheme

Company Profile: Lyka Labs LimitedLyka_labs_fixed_deposit_scheme

The Company is presently carrying on the business of manufacture of bulk drugs and pharmaceutical formulations. The Company has its formulation divisions at Ankleshwar & Tarapur and Bulk Drugs division at Ankleshwar. The Company has its R & D centre at Mumbai. The Company has a subsidiary viz. LYKA BDR INTERNATIONAL LTD. which is engaged in export of pharmaceutical products.

Features and Benefits of Lyka Labs Limited Fixed Deposit Scheme:

  • Minimum amount of deposit to be accepted is Rs. 10,000 and in multiple of Rs. 1,000 thereafter
  • Additional interest of 0.5% for senior citizens
  • 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 Lyka Labs Limited Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly/Half Yearly)
Period (months)Minimum Deposit Amount (Rs)Rate of Interest (p.a.)
625,00010.00%
125,00010.50%
245,00011.00%
365,00012.00%
  • Interest paid Half Yearly on deposits upto Rs 25,000
  • Interest paid Quarterly for the deposits exceeding Rs 25,000

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.)
245,0006,21211.00%12.12%
365,0007,12912.00%14.19%

Scheme C: Non-Cumulative Deposit Scheme (Interest Payable Monthly)
Period (months)Minimum Deposit Amount (Rs)Rate of Interest (p.a.)
3650,00012.00%

 Website: Lyka Labs Limited Fixed Deposit Scheme

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