Categories: Company Fixed DepositsFixed DepositFixed Income

Lyka Labs Limited Fixed Deposit Scheme

Company Profile: Lyka Labs Limited

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.)
6	25,000	10.00%
12	5,000	10.50%
24	5,000	11.00%
36	5,000	12.00%
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.)
24	5,000	6,212	11.00%	12.12%
36	5,000	7,129	12.00%	14.19%

Scheme C: Non-Cumulative Deposit Scheme (Interest Payable Monthly)
Period (months)	Minimum Deposit Amount (Rs)	Rate of Interest (p.a.)
36	50,000	12.00%

Website: Lyka Labs Limited 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.