Kolte-Patil is a real estate company. The company is accepting cumulative and non-cumulative deposits, per the following rates.
Non-Cumulative Deposits (Interest paid quarterly)
| Period | Rate of Interest p.a. (%) | Minimum Deposit (Rs.) |
| 1 year | 11.00 | 20,000 |
| 2 years | 11.50 | 20,000 |
| 3 years | 12.00 | 20,000 |
Cumulative Deposits (minimum deposit : Rs 20,000). Interest compounded quarterly
| Period | Interest Rate p.a. (%) |
| 1 year | 11.00 |
| 2 years | 11.50 |
| 3 years | 12.00 |
Additional interest of 0.5% shall be paid to senior citizens, shareholders, employees of Kolte-Patil group, handicapped, flat owners of Kolte-Patil group and Armed forces personnel.
The mininum amount for all schemes is Rs 20,000/- and in multiples of Rs 10,000/- there-after.
Interest shall be paid via either post-dated cheques of NECS.
Early withdrawals are allowed (with a 1% reduction in the rate of interest).
Application forms are available on Fixed Income India.
Update (Jan 3 2011) : The company is currently processing applications that were sent around Dec 10 2010.
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