Apr 17, 2010

Zenith Birla (India) Ltd Fixed Deposits @ 11% (36Months)

About the company:

Zenith Birla, incorporated in 1960 is a part of Yash Birla Group is engaged in manufacturing of Steel Pipes & tools. The company has 2 subsidiaries one each at Dubai & US which imports steel from India & distributes them locally. The company has earned a Profit (after Tax) of Rs. 1,537.48 lacs and has declared a dividend of 6% ( Figures as of 31st March 2009 )

TenureCumulative Scheme *
- Yield % p.a.
Non- Cumulative Scheme **
- Rate Of Interest % p.a.
Min. Amt.RatingAdditional Rate (If any)
12 Months9.20%9%10,000NA0.25% Additional for a single depsosit of Rs. 1 Lac +
24 Months11.36%10.50%
36 Months12.63%11%
* Interest Compounded Half Yearly & payable on maturity
** Interest Payable Half Yearly
Other Terms & Conditions.
FDs can be accepted from Resident Individuals, Domestic company, registered Trusts & Societies. Partnership Firms & Unregistered Trusts cannot apply.
TDS as applicable will be deducted if interest income is more than Rs. 5,000, however no TDS will be levied if a duly filled Form 15 G/H is submitted.
All deposits of Rs. 50,000 & above has to be compulsorily accompanied with self attested PAN Card photocopy of the customer.

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