CEAT Limited
Ceat Limited is Manuffaturer of Automotive Tyres and Tubes in the factories Since 10th March 1958.
Highlights
- An additional interest @0.50% p.a. will be paid on Deposits where Sale Depositor/ Sole Depositor/ Shareholder/Employee of the company is elligible for this benefits
- Deposits will accepted at Mumbai only according to the terms and conditions as conditions are contained in Application Form.
- Additional Amount in Multiples of Rs. 1000/- will be accepted.
- Bank Charges for payment made by demand draft will be born by the company.
- Unique nomination facility available.
- Premature withdrwal permissible as per statutory guidelines.
- Income Tax will not be deducted upto interest amount of Rs. 5000/- in a Financial Year, subject to change in the application Tax Laws.
- Single deposits of Rs. One lakh and above will be accepted by special terms to be agreed upon between Depositor and the Company subject to Companies (Acceptance of Deposits) Rules, 1975.
- The Company Shall be entitled, at its sole direction and without assigning any reason, to repay the amount of deposit at any time after the expiration of 6 months from the date of acceptance of the deposit but before the expiry of the period for which such a deposit was accepted by the Company but in such case the Company shall pay to the depositor interest in accordance with the Companies (Acceptance of Deposits) Rules, 1975 for the time being in force.
Scheme A- Non Cumulative Interest Scheme
| Period | Minimum Deposit (Rs.) | Interest Rate (p.a.) | Effective Yield |
| 1 Year | 25000 | 8.50% | 8.59% |
| 2 Year | 25000 | 9.00% | 9.10% |
| 3 Year | 25000 | 9.50% | 9.61% |
Interest compound quarterly and payable half yearly.
Scheme B- Cumulative Interest Scheme
| Period | Minimum Deposit (Rs.) | Maturity Value (Rs.) | Interest Rate (p.a.) | Effective Yield |
| 1 Year | 25000 | 27193 | 8.5% | 08.77% |
| 2 Year | 25000 | 29870 | 9.00% | 09.74% |
| 3 Year | 25000 | 33130 | 9.50% | 10.84% |
Interest compound quarterly and payable on Maturity.
All Communication with regards to Fixed Deposits of Ceat Limited should be addressed to the Registars to the Fixed Deposit Scheme, at the following address.
Kisu Corporate Services Pvt. Ltd. Unit: CEAT Limited 186, Khatwadi Maid Road, First Floor, Near Pitale Maruti Temple, Mumbai-400 004. Tel. No. 022-2381 0486, 2388 6255. In Case of any querry on Latest Interest Rates on CEAT Tyre Limited Company Deposits or to invest money Ask our Authorised Agent before Investing Money & See the last updated time stamp.Tags: Ceat Company Deposits, Ceat Limited, Ceat Tyres
Life Insurance | Sameer Trivedi January 11, 2010
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