Min. Amt. of Inv.: Rs. 5,000/- and in multiples of Rs. 1,000 thereafter.
Eligibility: Deposits will be accepted from Resident Individuals, HUFs, Domestic Company, Charitable Trusts. NRIs can also invest
Maximum Investment: For Corporates & Trusts - Rs. 10 Crs. only. For Individuals - No Max. Limit.
Who Can Invest: Resident & Non Resident (through NRO) Individual, Trust, Company, Society, HUFs
|
Tenure |
Cumulative Scheme *
- Yield % p.a. |
Non- Cumulative Scheme **
- Rate Of Interest % p.a. |
Min. Amt. |
Rating |
Additional Rate
(If any) |
|
12 Months
|
11.46%
|
10.75%
|
5,000
|
NA
|
0.50% additional for Avon Corporation's Shareholders/ employees/ Senior Citizens
|
|
24 Months
|
12.73%
|
11.25%
|
|
36 Months
|
14.19%
|
11.75%
|
* Interest Compounded Yearly.
** Interest is payable quarterly |
Other Terms & Conditions:
Interest will commence from the date of cheque realisation.
FD receipts will be despatched (through Speed Post only) in the First holder name on the address mentioned on the form, within 4 weeks from the date of cheque realisation.
Interest on deposits ( Non- Cumulative) will be paid on 1st Jan., 1st Apr., 1st Jul., & 1st Oct.
TDS as applicable will be deducted at source. However, no TDS if form 15G/ 15 H is submitted in Triplicate alongwith the Application.
For More Details:
Mobile: 9004609284
Direct Line: +91 22 66804048
Email: fd@avon.co.in