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The Delhi Safe Deposit Co. Ltd.

FIXED DEPOSIT

We accept Fixed Deposits for 1 to 4 years on attractive Interest Rates.
 
The company enjoys a reputation for prompt repayments of the Fixed Deposit Amounts on their maturity.The company has been accepting Fixed Deposits from the public under the guidelines set by the RBI.
 
Deposits will be accepted under the following two schemes:

A. REGULAR INCOME SCHEME                                                                                                                   B. CUMULATIVE SCHEME 

Scheme Annualised Yield * Annualised Yield **
(for Senior Citizens)
Period (Months) Annualised Yield* AnnualisedYield **
(for Senior Citizens)
 
Monthly Income  8.50%  8.75%  12  8.84%  9.11%  
Quarterly Income  8.56%  8.81%  15  8.93%  9.21%  
Half Yearly  8.65%  8.91%  18  9.03%  9.31%  
Yearly Income  8.84%  9.11%  24  9.23%  9.52%  
       36  9.64%  9.96%  
      48  10.08%  10.43%  

 

(A) Interest @ 8.50% p.a. compounded monthly. Minimum Deposit : Rs. 5,000/-. Additional amounts in multiples of Rs.1,000/- for a maximum period of 4 years
 
(B) Interest @8.75% p.a. compounded monthly for Senior Citizens. Minimum Deposit : Rs.5,000/.Additional amount in multiples of Rs.1000/-. 

1) REGULAR INCOME SCHEME : Under this scheme where interest is payable monthly, interest will be paid at the end of each calendar month. In case of deposits received during a month, interest will be paid at the end of the following month. Where interest is payable quarterly, interest will be paid on the last day of June, September, December and March every year. In case of deposits received during the last one month of any quarter of year, interest for such broken period will be paid alongwith the interest of the next quarter.

Where interest is payable half-yearly, interest will be paid on the last day of September and March every year. In case of deposits received during the last three months of any half-year, interest of such broken period will be paid alongwith the interest of the next half-year.

2) CUMULATIVE SCHEME : Under this scheme, deposits are accepted for 12/15/18/24/36 & 48 months. Interest will be compounded on monthly basis and the net interest (after tax deduction at source, if any) will be repayable on maturity.
C) The period of deposit and calculation of interest thereon shall commence from the date of realisation of the cheque/ demand draft deposited in the company’s bank accounts.

3) Interest will cease to accrue from the date of maturity.

4) DISCLAIMER- The Company Fixed Deposits Schemes are regulated by The Reserve Bank of India (RBI).  It must, however be distinctly understood that RBI does not undertake any responsibility for the financial soundness of the Company for the correctness of any of the statements or representations made or opinion expressed by the Company and for repayment deposits/ discharge of liabilities by the Company.

 

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