Indian Hotels, invites fixed deposits from the public.
2 and 3 year terms are available across Non-cumulative and cumulative schemes.
Details are as below:
| Company | The Indian Hotels Company Limited | |
| Business | Runs Hotel and catering services, under various subsidiaries, such as United Hotels, KTC Hotels, Taj SATS Air Catering, Roots, Taj International Hotels, … | |
| Minimum amount of deposit | Rs. 25,000/- and multiples of Rs. 5,000/ thereafter for both schemes | |
| Interest Payments | Interest is payable half-yearly on March 31st and Septemberr 30th and on maturity | |
| Mode of Interest payments | A/C Payee cheque payable at par in major cities in India. ECS facility available. | |
| Payment | Cheque/Draft, in favour of 'IHCL Fixed Deposit' | |
| Ratings & Reviews | Credit Rating : NA
| |
| Application | Obtain an application from the authorized brokers. | |
| TERMS | ||
| SCHEME A – Non Cumulative | ||
| Period | Rate of interest pa (%), payable quarterly. | |
| 2 years | 9.50 | |
| 3 years | 10 | |
| Additional Incentives | Senior Citizens : 0.25% Shareholders : 0.25% Employees : 0.25% | |
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