NEW DELHI: The SRS Group, having interest in real estate, cinemas, jewellery, retail and hospitality, has launched a fixed deposit (FD) scheme which promises to pay an annualized yield of a maximum of 15.07% over three years.
The minimum investment has been fixed at Rs 20,000 with interest being compounded monthly and payable quarterly in the non-cumulative scheme and payable on maturity in the cumulative scheme. An additional amount in multiples of Rs 1000 is allowed under the scheme.
The maximum tenure under both the schemes is three years. Under the scheme, the company is paying an annual interest of 12% for one year, 12.25% for a period of 2 years and 12.50% for a period of 3 years.
Commenting on the development, SRS Group chairman Anil Jindal said: "This is the second FD scheme launched by the SRS Group. The first one was launched by our BSE-listed group company SRS Real Infrastructure LtdBSE 0.00 % in April 2012, which proved to be highly successful. And now, SRS LtdBSE -0.68 % has launched its FD scheme with a host of flexible options and offering a yield of up to 15.07%.
The funds raised under this scheme shall be used to fuel further
expansions of the company's business verticals and will also be used for
working capital requirements."
ABDUL WAHEED
PGDM 2nd SEM.
IIMT COLLEGE OF MANAGEMENT
The minimum investment has been fixed at Rs 20,000 with interest being compounded monthly and payable quarterly in the non-cumulative scheme and payable on maturity in the cumulative scheme. An additional amount in multiples of Rs 1000 is allowed under the scheme.
The maximum tenure under both the schemes is three years. Under the scheme, the company is paying an annual interest of 12% for one year, 12.25% for a period of 2 years and 12.50% for a period of 3 years.
Commenting on the development, SRS Group chairman Anil Jindal said: "This is the second FD scheme launched by the SRS Group. The first one was launched by our BSE-listed group company SRS Real Infrastructure LtdBSE 0.00 % in April 2012, which proved to be highly successful. And now, SRS LtdBSE -0.68 % has launched its FD scheme with a host of flexible options and offering a yield of up to 15.07%.
SRS Real Infrastructure Ltd.
BSE
40.60
0.00(0.00%)
Vol: 178752 shares traded
ABDUL WAHEED
PGDM 2nd SEM.
IIMT COLLEGE OF MANAGEMENT
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