Pune-based Sudarshan Chemical Ltd has launched fixed deposit for 3 years time frame. Interest Payment every Quarterly. Scheme open for 25 Cr. Only.
Sudarshan Chemical mainly engaged in manufacturing & processing of wide range of organic & inorganic pigments, Agro chemicals & other products having manufacturing facilities at Roha & Mahad. The company’s R&D Laboratory is situated at Pune.
Period Min. Amount Interest Rate % p.a. Interest Payment 3 Year 25,000 10.25% Quarterly
- Interest on deposit payble will be paid on Quarterly Basis. (30 June, 30 Sep, 31 Dec, 31 Mar)
- Account payee cheque in favor of ” Sudarshan Chemical Industries Ltd“
- No TDS – below interest 5000 per financial year.
Proof of Identity : Pan Card, Passport, Voter ID, Driving Lic., etc
Proof of Address : Telephone Bill, Bank Statement, Electric Bill, Ration Card, Letter from any recognized public Authority
Cancel cheque copy for Interest ECS Payment
- Payment of Interest
Interest shall be payable quarterly on 30 th June, 30th Sep, 31 Dec & 31th Mar. and as on maturity.
- Premature Withdrawal
Company reserved right to repay the deposit prior to the date of maturity. In case of premature repayment, deposit receipt must be dicharged by all the depositors as per specimen signature register with company.
- Is TDS Deductible on Interest Income
Yes, If interest income credited or paid during financial year exceeds Rs.5000/- to any person against one or more deposit in the same name.
TDS is deducted @ 10%. If in case depositor has not furnished copy of Pan Card, TDS is deducted @ 20% as per I.T. Rules.
Credit Rating –
‘IND+A+’/Low Credit Risk.