Pratibha Industries, Mumbai based Infrastructure development and SAW pipe Manufacturing company is offering fixed deposit scheme for a time frame of one, two and three years. Below are the details:
Scheme 1 – Non-Cumulative | |
Period | Rate Of Interest |
12 Months | 11.50% |
24 Months | 12.00% |
36 Months | 12.25% |
Scheme 2 – Cumulative | |||
Period | Rate Of Interest | Annual Yield | Maturity Value |
12 Months | 11.50% | 11.83% | 22,366 |
24 Months | 12.00% | 13.12% | 25,250 |
36 Months | 12.25% | 14.28% | 28,572 |
The interest rate of 12.25% pa is higher by 250-300 basis points than that offered by most banks. The company is profit making and dividend paying. It posted a net profit of Rs 83.24 crore for the year ended March 2012
Company fixed deposits are unsecured and illiquid. Interest income from company fixed deposits is taxable and for those in the highest tax bracket the post tax return works out to a mere 8.46%.
Click to Download Pratibha Industries Fixed Deposit Scheme Form
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