Categories: Company Fixed DepositsFixed DepositFixed Income

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.)
1	25,000	10.50%
2	25,000	10.75%
3	25,000	11.50%

Scheme B: Cumulative Deposit Scheme (Interest compounded Quarterly)
Period (Year)	Minimum Deposit (Rs)	Maturity Value (Rs)	Interest Rate (p.a.)	Effective Yield (p.a.)
1	10,000	11,092	10.50%	10.92%
2	10,000	12,363	10.75%	11.82%
3	10,000	14,051	11.50%	13.50%

Managers to the Scheme:

R R Investors Capital Services Pvt Ltd

Website: Raj Oil Mills 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.