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Apr 27, 2011

Avon Corporation Limited Fixed Deposits April 2011

Avon Corporation Ltd.

Avon Corporation Ltd.

Established in the year 1995, an ISO 9001:2000 Certified company, is a manufacturer of weighing scales under the "Avon" Brand such as - Mechanical Scale, Stylish Digital Glass Scale and other weighing instruments. Company was listed with Bombay Stock Exchange on 3rd July 2008.


Min. Amt. of Inv.: Rs. 5,000/- and in multiples of Rs. 1,000 thereafter.

Fixed Deposit Scheme
Maximum Investment: For Corporates & Trusts - Rs. 10 Crs. only. For Individuals - No Max. Limit. 
Who Can Invest: Resident; Non Resident (through NRO) Individual, Trust, Company, Society, HUFs
Tenure Cumulative Scheme *
- Yield % p.a.
Non- Cumulative Scheme **
- Rate Of Interest % p.a.
Min. Amt. Rating Additional Rate
(If any)
12 Months
11.46%
10.75%
5,000
NA
0.50% additional for Avon Corporation's Shareholders/ employees/ Senior Citizens
24 Months
12.73%
11.25%
36 Months
14.19%
11.75%
* Interest Compounded Yearly.
** Interest is payable quarterly
Other Terms & Conditions:

Interest will commence from the date of cheque realization.
FD receipts will be dispatched (through Speed Post only) in the First holder name on the address mentioned on the form, within 4 weeks from the date of cheque realization.
Interest on deposits ( Non- Cumulative) will be paid on 1st Jan., 1st Apr., 1st Jul., & 1st Oct.
TDS as applicable will be deducted at source. However, no TDS if form 15G/ 15 H is submitted in Triplicate along with the Application.


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