Friday, February 4, 2011

Fixed Deposits from Parsvnath Developers

 

Parsvnath Developers is a real estate company with operations in 16 states/45 cities and has a portfolio of residential/commercial complexes,   hotels, SEZs, IT parks, BOT projects etc…

The company is offering fixed deposits schemes with durations upto 3 years, with yields ranging from 10% to 14.19%.

Scheme A (Non-Cumulative)

Period Rate of Interest (% p.a.)
6 months 10.00
1 year 11.50
2 years 11.75
3 years 12.00

Minimum amount : Rs 20,000.    Interest paid out quarterly,  ECS option available.

Scheme B (Cumulative)

Period Rate of Interest (% p.a.) Maturity Value of Rs 15,000 Yield (% p.a.)
6 months 10.00 15,759 10.13
1 year 11.50 16,801 12.01
2 years 11.75 18,910 13.03
3 years 12.00 21,386 14.19

Minimum Amount : Rs 15,000/-

An additional interest of 0.50% p.a. shall be given to employees of Parsvnath Group, shareholders of the company (holding a minimum of 100 shares) and Senior Citizens (65+ years).

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