Fixed Deposit Scheme – Valecha Engineering Ltd

This entry is part 8 of 14 in the series FD Rate

valecha engi. fd

 

 

 

 

Valecha Engineers Ltd Fixed Deposit scheme

FD Rate

FD Rate Chart  Non Cumulative  Option 

PeriodMin. Amount Interest Rate % p.a.Yield (% p.a.)
1 Year10,00011.00%11.46%
2 Year10,00011.50%12.37%
3 Year10,00012.00%12.63%

FD Rate Chart Cumulative  Option 

PeriodMin. Amount Interest Rate % p.a.Maturity AmtYield (% p.a.)
1 Year10,00011.00%11,14611.46%
2 Year10,00011.50%12,54512.73%
3 Year10,00012.00%14,25814.19%

Notes :

  • 0.25% extra interest for single deposit of  1 lacs & above
  • For Non Cumulative payment Quarterly
  • For Cumulative Interest compounded Quarterly and payable on Maturity.
  • 0.50% extra for share holders, Min 100 shares
  • 0.50% extra for Senior Citizens, Age above 60
  • Deposit falling in more than one category will be entitled to an additional interest of 0.50% p.a. on only one category
  • TDS is applicable will be deducted if interest income is more than 5000, however no TDS will be levied if a duly Form 15G/H  is submitted.
  • Post dated Dividend Warrants for each financial year will be dispatched in advance.
  • Pan Card Compulsory

Company Profile

With operation spread across India and part of Middle East, Valecha Engineering has over 50 years of Engineering pedigree.

The company listed in NSE & BSE.  It is engaged in the construction of major infrastructure & engineering project such as:

  • Road, Highways & Expressways
  • Bridge & Tunnel
  • Airport, Railway
  • Irrigation  Dam, Reservoirs & Canals
  • Foundation & Pilling work

 

FAQ

Who can Apply

Residence Individual , Minor through their Guardians, Register Trust , Register Societies

Banking Details

Payment should be made by Account payee cheque / DD made payable to  ” Valecha Engineering Ltd ” payable at center where the application is submitted.

Cash will not accepted.

Interest Payment

Interest shall be payable Quarterly on 30th June, 30 Sep., 31 Dec., 31 Mar and as on maturity.

Premature withdrawal

Company reserve right to repay the deposit prior to the date of maturity.

KYC

For KYC Document :

Proof of Identity : Passport, Pan Card, Voter ID, Driving License

Proof of Address : Telephone Bill, Bank A/c Statement, Electricity Bill, Ration Card, Letter from Employer

 

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