K.C.P. SUGAR’s FD scheme for existing depositors

K.C.P. Sugar and Industries Corporation,    offers two fixed deposit schemes.   Both schemes are available for existing depositors, who wish to renew their existing deposits.

Scheme 1:  FD with Periodic Interest Payment

Term	Rate of Interest	Minimum Amount
2 years	10%	Rs 25000/-
3 years	10.5%	Rs 25000/-

Additional deposits in multiples of Rs 1000/- only.   Interest is payable on June 30th,  Sep 30th,  Dec 31st and Mar 31st.

Scheme 2: Cumulative Deposit

Term	3 years.   No premature closure.
Rate of Interest	10.5% p.a.
Minimum amount	Rs 25,000/- (in multiples of Rs 1000/- only)
Interest payable	On maturity.

Interest shall be paid by “AT PAR” warrants/demand drafts.

No tax will be deducted at source, on interest payments upto Rs 5,000/- per financial year.    The maximum principal,   for which interest shall not be subject to TDS is as below:

FD (2 years)	10%	upto Rs 47,000/-
FD (3 years)	10.5%	upto Rs 45,000/-
Cumulative Deposit	10.5%	upto Rs. 35,000/-

 

Contact Information :

KCP Sugar & Industries Corporation
Phone: 044-28555171 to 176
email : kcpsugar@vsnl

Registrar:

TIPS Data Systems Pvt Ltd
Phone : 044-24812333, 044-2481-2335
Email: investor@tipsdatasys