Sudarshan Chemicals Limited, the Pune based company engaged in the pigment industry offering Fixed Deposit Scheme for 1 to 3 years tenure offering 9.5% – 11% Annual Interest.
Interest on the fixed deposit will be paid on a quarterly basis. There is no cumulative option for the fixed deposit. For a one year deposit you will get 9.5%, for two years 10% and for three years 11%.
Sudarshan Chemical Industries Limited is an India-based company engaged in the pigment industry. The Company manufactures a range of organic and inorganic pigments, effect pigments, agro chemicals and other products. The Company operates in two segments: Pigment, which consists of manufacturing of pigments and commodity pigments apart from customized pigments for niche segments catering to domestic and international customers and also effect pigments for cosmetics and coating applications, and Agro Chemicals, which consists of products which are generic. It has facilities at Roha and Mahad, Dist. Raigad, Maharashtra. It has also set up an ultra modern research and development facility at Ambedvet, Amralevadi, Dist. Pune, India.
Check best fixed deposit rates by banks here.
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 7.60%.
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