Apr 15, 2010

Revision in interest rate of JSL LTD

This is to inform you that the Company has decided to revise Fixed Deposit Scheme of the Company w.e.f. 15th April, 2010 in the following manner:-


NON CUMULATIVE DEPOSIT

Period in Months

Minimum Deposit

Rate of Interest (p.a.)

12

RS. 21,000/-

8.25%

24

RS. 21,000/-

8.50%

36

RS. 21,000/-

8.75%

Post dated quarterly interest warrants will be sent on financial year basis, in advance.



CUMULATIVE DEPOSIT

Period in Months

Minimum Deposit Amount

Maturity Amount

Rate of Interest (p.a.)

Yield to Maturity (p.a.)

12

RS. 21,000/-

RS. 22,787/-

8.25

8.50%

24

RS. 21,000/-

RS. 24,847/-

8.50%

9.16%

36

RS. 21,000/-

RS. 27,227/-

8.75%

9.88%

-          Amount payable on maturity (subject to deduction of tax at source, if any)

-          Deposits are acceptable in multiples of Rs. 1,000/- above the minimum deposit amount.

-          0.25% extra interest would be paid, over and above the rate of interest as payable under cumulative and non-cumulative schemes, to the following:-

(i)                   Senior citizen (of 60 years and above) -  age proof to be attached.

(ii)                 Shareholders of the company having minimum 100 shares – copy of latest shareholding to be attached.

 

We may add that now the PAN is mandatory for all fresh / renewal fixed deposit application.  In the absences of PAN, the application form will be invalid/rejected.

 

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