INVESTORS PLEASE LISTEN !: Fixed Deposit Rates

Showing posts with label Fixed Deposit Rates. Show all posts

Friday, April 17, 2009

[Investors Please Listen] Revised interest rates on CAN FIN HOMES LTD., W.E.F 01/04/2009.

This is to inform you that revised interest rates on CAN FIN HOMES LTD., W.E.F 01/04/2009.

FIXED DEPOSIT & CUMULATIVE DEPOSIT SCHEME

Periods in Months    General Rates      Senior Citizens     Trusts
----------------------------------------------------------------|
12 - 35                  8.75%                   9.25%           9.00%   |
36 - 84                  8.50%                   9.00%           8.75%   |
----------------------------------------------------------------|
For senior citizen AGE PROOF REQUIRED.                          |
----------------------------------------------------------------|
PLEASE ATTACH A PHOTO, ADDRESS PROOF AND PAN CARD COPY.

PAN NUMBER IS MANDATORY. SO QUOTE YOUR PAN NO.ON ALL THE
TRANSACTIONS

9818269396 | 9810269396 | 01204105997 | aditya.kachru@gmail.com | www.investorspleaselisten.blogspot.com

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The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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[Investors Please Listen] Mahindra Finance -Restart of Fixed deposit from 20 April 2009

Mahindra Finance Has restarting the Fixed deposit scheme from 20 April 2009.

Revised Rate of Interest are

Cumulative

12 months               9.00%
18 months               9.25%
24 months               9.50%
36 months               10.00%

Non cumulative

12 months               8.75%
24 months               9.25%
36 months               9.75%

Additional 0.25% for Sr. Citizen / Shareholder / employees of the company.

9818269396 | 9810269396 | 01204105997 | aditya.kachru@gmail.com | www.investorspleaselisten.blogspot.com

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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

[Investors Please Listen] National Housing Bank : CHANGE IN RATE OF INTEREST

Dear All,

NATIONAL HOUSING BANK IS PLEASED TO INFORM YOU ALL THAT FOLLOWING RATES OF INTEREST WILL BE EFFECTIVE FROM 20.04.09 IN SUNDIHI TERM DEPOSIT SCHEME. WE REQUEST YOU ALL TO SEE THAT DEPOSITORS ARE PROPERLY EDCUCATED ABOUT THE SAME AND CASES LIKE THAT HAPPENED ON 15TH JANAUARY, 2009 SHOULD NOT BE REPEATED . FOR NHB THE RATE OF INTEREST WILL BE PAYABLE ONLY FROM THE DATE THE MONEY IS DEPOSITED IN SUNIDHI COLLECTION A/C WITH IDBI BANK.

SALIENT FEATURES:-

1. Interest Rate: (p.a) w.e.f. 20.04.2009

Duration of Deposit	Interest Rate (%) **	Annualised Return (%)
12 Months	7.75 *	7.98*
24 Months	7.75 *	7.98*
36 Months	8.00 *	8.24*
60 Months	8.00 *	8.24*

For Senior Citizens: Additional rate of 0.50% p.a

Duration of Deposit	Interest Rate (%)**	Annualised Return (%)
12 Months	8.25 *	8.51*
24 Months	8.25 *	8.51*
36 Months	8.50 *	8.77 *
60 Months	8.50 *	8.77 *

*For deposit by individuals for an amount of Rs. 15 lacs or above – Additional interest Rate - 0.10 % p.a

** Interest rates offered above are as on date and computed on quarterly compounding basis.

NHB at its sole discretion may change/modify the above rates at any point of time without any notice.

2. Deposit Amount: Minimum of Rs. 50,000 and higher in multiples of Rs. 10,000/-.

3. Who can deposit: Individuals / HUF / Societies / Trusts / Partnership Firms /Association of Persons

4. Interest option under the Scheme: Cumulative Interest Option / Non- Cumulative Interest Option.

5. Premature Withdrawal option: Premature encashment is available (subject to certain conditions).

6. Nomination: Available

7. TDS on interest: Deduction of Income-tax at source from interest payments will be governed by the provisions of the Income Tax Act, 1961, as in force from time to time, and the Rules frame there under.

8. Ceiling on Deposit: Maximum Aggregate amount under Sunidhi Term Deposit should not exceed Rs. 1 Crore per Depositor.

For further details or clarification please contact us at :(Phone No. 9818269396. - Or visit www.nhb.org.in

Monday, April 13, 2009

[Investors Please Listen] Tata Motors Ltd Fixed Deposit Updates

Dear All,

W.r.t. the fixed deposit scheme of Tata Motors Ltd we have been informed that applications need to be banked by 15th of April 2009 to get the current interest rates. From April 16th 2009 the new interest rate structure will be applicable.

Applications can be deposited in the designated bank till the end of banking hours on 15th April 2009. Kindly see that the date and time of the deposit of the application are clearly visible on the acknowledgment slip.

Friday, April 10, 2009

Fixed Income Products

What are Fixed Income Instruments?

Fixed income refers to any type of investment that yields a regular (fixed) payment. For example, if you borrow money and have to pay interest once a month, you have been issued a fixed income security. When a company does this, it is often called a bond or corporate bank debt.

Fixed income securities can be contrasted with variable return securities such as stocks. To understand the difference between stocks and bonds, you have to understand a company's motivation. A company wants to raise money, and it doesn't want to wait until it has earned enough through ongoing operations (selling products or providing services). In order for a company to grow as a business, it often must raise money; to finance an acquisition, buy equipment or land or invest in new product development. Investors will only give money to the company if they believe that they will be given something in return commensurate with the risk profile of the company. The company can either pledge a part of itself, by giving equity in the company (stock), or the company can give a promise to pay regular interest and repay principal on the loan i.e. bonds, bank loans, fixed deposits etc.

While a bond is simply a promise to pay interest on borrowed money, there is some important terminology used by the fixed income industry:

The principal of a bond is the amount that is being lent.
The coupon is the interest that will be paid.
The maturity is the end of the bond, the date that the amount must be returned.
The issuer is the entity (company or govt.) who is borrowing the money (issuing the bond) and paying the interest (the coupon).
The indenture is the contract that states all of the terms of the bond.

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Types of Fixed Income Securities with Examples

1.An Investor must note that with higher return on a Fixed Income Security is attached a higher risk of default. Following are some of the Fixed Income Securities available in India:

Manufacturing Companies Fixed Deposit Schemes

Example

An investor can deposit funds with Omaxe Constructions Ltd. for a period of 6 Months, 12 Months, 24 Months and 36 Months and get a return of 8.5%, 9.0%, 10% and 10.5%, respectively.

	6 Months	12 Months	24 Months	36 Months
Omaxe Constructions Ltd.	8.50%	9.00%	10.00%	10.50%

2.Government Companies Fixed Deposits Schemes

Example

An investor can deposit funds with Kerala Transport Dev. Fin. For a period of 12 months, 24 months, 36 months, 48 months and 60 months and get a return of 6.75%, 7%, 7.25%, 7.75% and 8%, respectively.

	12 Months	24 Months	36 Months	48 Months	60 Months
Kerala Transport Dev. Fin.	6.75%	7.00%	7.25%	7.75%	8.00 %

3.Non-Banking Finance Company's (NBFC)'s Schemes

Example

An investor can deposit funds with First Leasing for a period of 12 months, 24 months, 36 months, 48 months and 60 months and get a return of 6.5%, 7.50%, 8.00%, 8.00% and 8.00%, respectively.

	12 Months	24 Months	36 Months	48 Months	60 Months
First Leasing	6.50%	7.50 %	8.00%	8.00%	8.00 %

4.Housing Finance Companies Fixed Deposits Schemes

Example

An investor can deposit funds with Birla Home Finance Ltd. for a period of 12 months, 24 months, 36 months, 48 months and 60 months and get a return of 6.25%, 6.25%, 6.5%, 6.75% and 7%, respectively.

	12 Months	24 Months	36 Months	48 Months	60 Months
Birla Home Finance Ltd.	6.25 %	6.25 %	6.50%	6.75%	7.00%

5.Post Office Monthly Income Schemes

Example

The post-office monthly income scheme (MIS) provides for monthly payment of interest income to investors. It is meant for investors who want to invest a sum amount initially and earn interest on a monthly basis for their livelihood. The MIS is not suitable for an increase in your investment. It is meant to provide a source of regular income on a long term basis. The scheme is, therefore, more beneficial for retired persons.

Features

Only one deposit is available in an account. Only individuals can open the account; either single or joint.( two or three). Interest rounded off to nearest rupee i.e, 50 paise and above will be rounded off to next rupee. The minimum investment in a Post-Office MIS is Rs 1,000 for both single and joint accounts. The maximum investment for a single account is Rs 3 lakh and Rs 6 lakh for a joint account. The duration of MIS is six years.

Returns

The post-office MIS gives a return of 8% on maturity. The minimum investment in a Post-Office MIS is Rs 1,000 for both single and joint accounts

Advantages

Premature closure of the account is permitted any time after the expiry of a period of one year of opening the account. Deduction of an amount equal to 5 per cent of the deposit is to be made when the account is prematurely closed. Investors can withdraw money before three years, but a discount of 5%. Closing of account after three years will not have any deductions. Monthly interest can be automatically credited to savings account provided both the accounts standing at the same post office. The interest income accruing from a post-office MIS is exempt from tax under Section 80L of the Income Tax Act, 1961. Moreover, no TDS is deductible on the interest income. The balance is exempt from Wealth Tax.

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How to choose a good company deposit scheme?

Here is a simple checklist to help you to choose the best company for investment.

Ignore the unrated Company Deposit Schemes. Ignore deposit schemes of little known manufacturing companies. For NBFC's, RBI has made it mandatory to have an 'A' rating to be eligible to accept public deposits, one should go further and look at only AA or AAA schemes.
Within a given rating grade, choose the company with a better reputation..
Once you decide on a company, next choose the schemes that have given a better return. Unless you need income regularly, you should prefer cumulative to regular income option since the interest earned automatically gets reinvested at the same coupon rate giving upon better yields. It also gives you a lump-sum amount at one go.
It is better to make shorter deposit of around 1 year or less. This way you not only can keep a watch on the company's rating and servicing but can also plan to have your money back in case of emergency.
Check on the servicing standards of the company. You should not oblige companies that care little about investor services like promptly sending interest warrants or the principal cheque.
Involve your broker/consultant in all your transactions. Do not bypass your broker and invest directly just to earn an extra incentive. A good broker can add value by alerting you about default or downgrade as it his business to keep in constant touch with the market and is generally the first to come to know about any disturbing signals.

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Why you should invest in Fixed Income Securities?

One should invest in Fixed Income Securities for the following reasons

Diversification: It is always considered a good strategy to have a percentage of your portfolio investment in Fixed Income instruments. They are safer that equity (stocks) and can provide a decent return on investment.
Steady monthly, quarterly or annual income: If you are looking for a steady income you can diversify your investments within the Fixed Income Securities to safeguard your principle and fixed income.
Parking excess cash: If you are not sure of what to do with your excess cash, for the time being it is a good idea to invest in fixed income instruments rather that speculating in the stock market or other risky ventures.

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Fixed Income FAQ

What is Company Fixed Deposit?

Company Fixed Deposit is the deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest.

How is interest paid?

Interest is paid on monthly/quarterly/half yearly/yearly or on maturity basis and is sent directly to the depositors at their residence or credited to their Bank Account.

Is there any scope of appreciation of principal?

No, at the end of deposit period principal is returned to the deposit holder.

Which companies can accept Deposit?

Companies registered under Companies Act 1956, such as:

Manufacturing Companies
Non-Banking Finance Companies
Housing Finance Companies
Financial Institutions
Government Companies

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[Investors Please Listen] Tata Motors Fixed Deposit - Invest now and get maximum yield upto 12.83% p.a.

Dear Customer,

Tata Motors Ltd has changed the rate of Interest on its Fixed Deposit schemes w.e.f. April 16, 2009. So go ahead Invest today & enjoy higher returns.

SCHEME A – QUARTERLY INCOME PLAN*
Period	Minimum Amount (in Rs.)	Rate of Interest (p.a.) till April 15, 2009	Rate of Interest (p.a.) w.e.f. April 16, 2009
1 Year	20,000	10.00%	9.25%
2 Years	20,000	10.50%	9.50%
3 Years	20,000	11.00%	10.00%

* Monthly interest option available in case of deposits of Rs.1 lakh & above

SCHEME B – CUMULATIVE DEPOSIT PLAN
Period	Minimum Amount (in Rs.)	*Rate of Interest (p.a.)**		Maturity Value (in Rs.)		Yield (p.a.)
Period	Minimum Amount (in Rs.)	till April 15, 2009	w.e.f . April 16, 2009	till April 15, 2009	w.e.f . April 16, 2009	till April 15, 2009	w.e.f . April 16, 2009
1 Year	20,000	10.00%	9.25%	22,076	21,915	10.38%	9.58%
2 Years	20,000	10.50%	9.50%	24,607	24,131	11.52%	10.33%
3 Years	20,000	11.00%	10.00%	27,696	26,897	12.83%	11.50%

* Compounded quarterly

For further details or clarification please Call @ 9818269396

Tuesday, April 7, 2009

[Investors Please Listen] Deposits in SBI zooms in hard times.

State Bank of India (SBI) recorded its biggest gain in the market
share of deposits in the quarter following the Lehman Brothers'
collapse. The country's largest bank grabbed a market share from all
industry segments, including other nationalised banks, private banks
and foreign banks.

The Reserve Bank of India numbers show that SBI Group's share of bank
deposits jumped from 23.2% in end-September 2008 to 24.4% in end-
December 2008. The enormity of the gain in market share becomes clear
when viewed in context of the overall deposit base of Rs 35,69,352
crore, as on end-December.

There are two reasons behind SBI's growth in market share. SBI was the
biggest gainer in the 'flight to safety' phenomenon observed after the
collapse of Lehman. With rumours about banks being in trouble,
investors shifted funds away from foreign and private banks into
government banks.

In the post-crisis quarter, even large corporates like Infosys moved
their deposits to SBI. Infosys has disclosed that it transferred
deposits of nearly Rs 1,000 crore from ICICI Bank to State Bank of
India last year.

Source: TOI
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Monday, April 6, 2009

[Investors Please Listen] REC has extended its 54EC Capital Gains Tax

Dear all,

This is to inform you that REC has extended its 54EC Capital Gains Tax
Exempyion Bonds Series VIII till 31.03.2010 or till any notification /
modification by Govt. of India u/s 54 EC of the Income Tax Act, 1961,
whichever is earlier.
All other terms & conditions of Information Memorandum will remain same.

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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

Tuesday, March 24, 2009

TV18's Fixed Deposit scheme

Interest will be paid quarterly on 31^st March, 30^th June, 30^th September, and 31^st December

each year and is calculated on 365 days basis.

Period	Minimum	Rate of
Months / Year	Amt.	Interest
6 months	Rs.10,000.00	9.00 %
1 yr	Rs.10,000.00	12.00%
2 yrs	Rs.10,000.00	12.00%
3 yrs	Rs.10,000.00	12.00%


SCHEME (B) CUMULATIVE
Interest is compounded quarterly.

Period	Minimum	Rate of	Amount Payable
	Amount	Interest	on Maturity	Yield %
1 yr	Rs.10,000.00	12.00	11,255.00	12.55%
2 yrs	Rs.10,000.00	12.00	12,668.00	13.34%
3 yrs	Rs.10,000.00	12.00	14,258.00	14.19%

An additional interest of 0.5% per annum shall be given to the following categories:

(a) Team members of the Network18 Group. (b) Senior Citizens above the age of 60 years.

Sunday, March 22, 2009

EXPORT-IMPORT BANK OF INDIA : TERM DEPOSIT SCHEME

Interest Rate effective from March 16, 2009

Amount (in Rs.)	Perdiod (months)	Rate of Interest
Upto and inclusive of Rs. 1 Crore	12-60	9.25 % p. a.
Above Rs. 1 Crore	12-60	8.00% p. a.

^* The rate is applicable to Resident Individuals, NRIs, HUFs and Superannuation Funds only. Corporates / Institutional Investors should obtain prevailing rate from Exim Bank on a day to day basis. The benefit of increase in interest rate is now available to the existing term deposits for the residual period till maturity at the interest rate currently applicable to the residual tenor.

NOTE :

Interest compounded on quarterly basis.
Minimum Deposit of Rs.10,000/- and in multiples of Rs.1,000/- thereafter.
Interest is subject to deduction of tax at source, wherever applicable.
The above rates are applicable to Resident Individuals, NRIs, HUFs and Superannuation Fund, Army Group Insurance and Army Defence Regiment Funds, IIMs, IITs.
Senior citizens will be eligible for additional interest at 0.25% p.a. on deposits placed for 12-35 months and 0.50% p.a. on deposits placed for 36 months and above.
Cheques/Demand Drafts to be drawn favouring ‘Exim Bank Term Deposit Account’.

Term Deposit scheme FAQ

Flexibility

The benefit of future increases in interest rates will be available to the existing term deposits for the residual period till maturity at the interest rate applicable to the residual maturity period, without any action on the part of the depositor.
In case the existing rate on a deposit (contracted based on original maturity at the time of placing deposit) is higher than the revised rate applicable to the residual tenor, then the original higher rate would continue to apply.
The above flexibility is available only on deposits placed by individuals/NRIs/trusts/HUFs and superannuation funds.
Interest rate on 3-year and 5-year floating rate term deposits could be benchmarked to 3-year and 5-year G-sec rates respectively.
For further details or clarification please contact us at: (Phone No. 0-9818269396) or Email @ investorspleaselisten@in.com

Friday, March 20, 2009

[Investors Please Listen] Revision of ICICI Home Finance Fixed Deposits Rates - Effective 23rd March 09

Dear Investors ,

Please find below revised fixed deposits rate matrix of ICICI Home Finance Company applicable from 23rd March 2009, subject to review subsequently.

· Re-introduced 45 months special scheme

· Special scheme rates tenure changed to 15, 30 & 45 months

Special Scheme effective - March 23, 2009
Tenure	Ticket Slab	Ann/Cum	Qtrly	Mthly
15 mths	< = Rs. 1 cr	9.10%	8.80%	8.75%
30 mths	< = Rs. 1 cr	9.35%	9.05%	9.00%
45 mths	< = Rs. 1 cr	9.15%	8.85%	8.80%
0.35% additional for senior citizen across slabs

Base Rate for Fixed Deposits effective - March 23, 2009
Tenure	Ticket Slab	Ann/Cum	Qtrly	Mthly
12 - 35 mths	< = Rs. 1 cr	9.00%	8.70%	8.65%
36 - 60 mths	< = Rs. 1 cr	9.10%	8.80%	8.75%
0.25% additional for senior citizen

Saturday, March 14, 2009

[Investors Please Listen] HDFC LTD - REVISES INTEREST RATES W.E.F 17/03/2009

                                | Monthly |Quarterly|Half-Yrly | Annual |Cum. Int.
--------------------+----------+---------+---------+---------+---------
Regular Deposits :     |                |             |               |           |
--------------------+----------+---------+---------+---------+---------
12-23 months           | 8.35%    | 8.40% | 8.50% |    -    | 8.70%
--------------------+----------+---------+---------+---------+---------
24-35 months           | 8.35%   | 8.40% | 8.50% | 8.70% | 8.70%
--------------------+----------+---------+---------+---------+---------
36-60 months           | 8.45%   | 8.50% | 8.60% | 8.80% | 8.80%
--------------------+----------+---------+---------+---------+---------
Premium Deposits :   |           |         |         |          |
--------------------+----------+---------+---------+---------+---------
15 months       | 8.45%    | 8.50% | 8.60% |    -    | 8.80%
--------------------+----------+---------+---------+---------+---------
30 months               | 8.70%   | 8.75% | 8.85% | 9.05% | 9.05%
--------------------+----------+---------+---------+---------+---------
45 Months          | 8.55%   | 8.60% | 8.70% | 8.90% | 8.90%
--------------------+----------+---------+---------+---------+---------

a) Senior Citizens  (60 Yrs+) would be eligible for  additional 0.25%  p.a.

b) The above rates are applicable for deposits of below Rs. 1 crore.

c) Interest is compounded annually for cumulative interest plan.

Friday, March 13, 2009

[Investors Please Listen] Revision of Interest rate on Exim Bank Term Deposit Scheme.

Revision of Interest rate on Exim Bank Term Deposit Scheme.

Interest Rates on Exim Bank Term Deposit Scheme have been revised and the following rates will be applicable on fresh deposits accepted and renewal of maturing deposits on or after March 14, 2009 till further instructions.

Amount (in Rs.)

Period (months)

Rate of Interest

Remarks

Upto and inclusive of Rs.1 crore

12-60

9.25% p.a.

Above Rs. 1 crore.

12-60

8.00% p.a

No Change

Senior Citizens and physically challenged persons are eligible for additional interest at 0.25% p.a for 12-35 months deposits and 0.50% p.a for 36-60 months deposits.

The above rates are applicable for Individual who are citizens of India, NRIs (on non-repatriable basis), HUFs,PF/Superannuation Fund, Army Group Insurance and Army / Defence regiment Funds, IIMs, IITs.

These rates are applicable for deposit where cheques are realized on or after March 14, 2009. Multiple applications in the same name will be considered as single application for the purpose of interest payment.