Wednesday, August 11, 2010

STFC Unnati Fixed Deposits Closing on 18th August

SHRIRAM TRANSPORT FINANCE CO LTD FIXED DEPOSIT

 

Background

Shriram Transport Finance Company Limited (STFCL), India's largest player in commercial vehicle finance, was established in the year 1979. The company has a network of 479 branches and service centres.

STFC is the flagship company of the Shriram Group which has significant presence in Chit Funds, Consumer Durable Finance, Life Insurance, General Insurance, Stock Broking, Property Development, Project Engineering, and Wind Energy among others.

 

Performance of Shriram Transport Finance Ltd Ended Profit B) Profit Aft

Year Ended

Profit Before Tax in Lacs

Profit After Tax in Lacs

Dividend

31.03.2006

21616.87

14146.10

30%

31.03.2007

28922.42

19039.71

30%

31.03.2008

60583.30

38982.65

50%

31.03.2009

92063.11

61240.21

60%

31.03.2010

132459.12

87311.74

60%

 

Features of Shriram Transport Finance Ltd -- Fixed Deposits Credit Rating

"FAA+ by CRISIL" (Indicates High Degree of Safety)

"MAA+ by ICRA" (Indicates High Credit Quality)

 

Minimum Amount of Investments

Under Cumulative Scheme -- Minimum amount Rs 25,000 and additional amount of deposits will

be accepted in multiples of Rs 1000.

Under Half Yearly & Quarterly Plan -- Minimum amount Rs 25,000 and additional amount of deposits will be accepted in multiples of Rs 1000.

 

Maximum Amount of Investments

Maximum Amount – Rs 10 Crore

 

Rate of Interest

Period

Fixed

Cumulative Yield

Maturity Value of 25k

 

Yearly %

Half Yearly %

Quarterly %

1 Year

8.75

8.57

8.48

8.75

27188

2 Year

9.50

9.28

9.18

9.95

29975

3 Year

10.00

9.76

9.00

11.03

33273

4 Year

10.00

9.76

9.65

11.60

36600

5 Year

10.00

9.76

9.65

12.21

40263

 

 

 

Who can apply

1. Resident Individuals,

2. Hindu Undivided Families (HUF) through their Karta.

3. Minors (through Natural Guardians),

4. Registered Trust

5. Partnership Firms and Corporate

 

Premature Withdrawals

MATURE WITHDRAWALS

a. Before 3 months from the date of deposit/renewal (Lock-in-period) No repayment (Not applicable in case of premature repayment in the event of death of the depositor**)

b. After 3 months but before 6 months No Interest*

c. After 6 months but before the date of maturity The interest payable shall be 2 percent lower than the interest rate applicable to a depositor for the period for which the deposit has run or if no rate has been specified for that period, then 3 percent lower than the minimum rate at which

deposits are accepted by the company*

 

Cheque/Demand Draft

Chq/ DD should be drawn on "SHRIRAM TRANSPORT FINANCE COMPANY LIMITED" and

crossed "Account Payee only"

 

Tax Deduction at Source

Income tax will be deducted at source from the amount of interest payment to the depositor in

accordance with the provision of the Income Tax Act, 1961. At present tax is deductible if the

aggregate amount of interest payment to a resident during a financial year exceeds Rs 5,000/-.

However Income Tax will not be deducted if declaration in Form 15G/15H, in duplicate, as

prescribed under the Income Tax Act, 1961.

 

Risk Factor

The deposits are unsecured and rank part passu with other unsecured liabilities of the Company

Please refer to the respective application form for detailed terms and conditions

 

ASK FOR APPLICATION FORMS


To Apply this Deposit:
Dial: 0-9873016716, Email: info@safeinvestindia.com  or Click Here

--
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