Fixed Deposit -Sudarshan Chemical Ltd-FEB2015

February 5, 2015

 d6Pune-based Sudarshan Chemical Ltd has launched fixed deposit for 3 years time frame.  Interest Payment every Quarterly. Scheme open for 25 Cr. Only. 

Company Profile

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.

Non Cumulative 

PeriodMin. AmountInterest Rate % p.a.Interest Payment
3 Year25,00010.25%Quarterly

 Notes:

  • 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.

Document Required

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

 

[EXPAND FAQ’s]

  • 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.

[/EXPAND]

Credit Rating –

‘IND+A+’/Low Credit Risk.

 

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