Raj Oil Mills Ltd Fixed Deposit Scheme

Company Profile: Raj Oil Mills Ltd. 

Beginning with the production of Mustard oil, the organisation since then has brought into the market a number of quality products and enjoyed the trust of millions of consumers. Raj Oil Mills Limited continues to remain a landmark organization for both its employees and dedicated customers. Making its promise of purity stand true for a long time to come.

Raj Oil Mills is one of the front runners when it comes to offering a wide variety of pure quality oils to meet every need of the discerning customer. The company offers an eclectic mix of branded oils, ranging from pure coconut oil to a variety of cooking oils ensuring the satisfaction of its ever-expanding customer base. Led by the company’s flagship brand Guinea Double Filtered Pure Groundnut Oil, ROML’s array of powerful brands are today well-known names in India, enjoying an enviable loyalty among its patrons.

Features and Benefits of Raj Oil Mills Ltd. Fixed Deposit Scheme:

  • Minimum amount of deposit to be accepted is Rs. 10,000/ Rs. 25,000 and in multiple of Rs. 1,000 thereafter
  • Payment of Interest would take place through NEFT facility. In case account information is not available then post dated Interest Warrants for each financial year will be dispatched in advance
  • Income Tax will not be deducted upto interest Rs. 5,000 in a Financial Year
  • An additional interest of 0.250 shall be paid to the following category – senior citizens, employees and Shareholders of the Company
  • Nomination facility available
  • Premature withdrawal permissible as per the statutory guidelines

Interest Rate of Raj Oil Mills Ltd. Fixed Deposit Scheme:

Scheme A: Non-Cumulative Deposit Scheme (Interest Payable Quarterly)
Period (Year)Minimum Deposit (Rs)Interest Rate (p.a.)
125,00010.50%
225,00010.75%
325,00011.50%

 

Scheme B: Cumulative Deposit Scheme (Interest compounded Quarterly)
Period (Year)Minimum Deposit (Rs)Maturity Value (Rs)Interest Rate (p.a.)Effective Yield (p.a.)
110,00011,09210.50%10.92%
210,00012,36310.75%11.82%
310,00014,05111.50%13.50%

Managers to the Scheme:

R R Investors Capital Services Pvt Ltd

Website: Raj Oil Mills Ltd Fixed Deposit Scheme



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