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Besides Whyte & Mackay and Bouvet Ladubay being 100% subsidiaries of USL, the company has 20 millionaire brands (selling more than a million cases a year) in its portfolio and enjoys a strong 59% market share for its first line brands in India. United Spirits’ brands have won the most prestigious awards for flavors, ranging from Mondial to International Wine and Spirit Competition (IWSC) to International Taste & Quality Institute (ITQI); more than 108 awards & certificates.

The Company is known to be an innovator in the industry and has several firsts to its credit like the first pre-mixed gin, the first Tetrapack in the spirits industry in India, first single malt manufactured in Asia and the first diet versions of whisky and vodka in India.

United Spirits Limited has relaunched its FD scheme on 01-Feb-2010 and this time it is accepting deposits from NRI (Non Resident Indians) as well. The rate of interest offered by the company is  :

•1 Year – 11.00%
•2 Years – 11.50%
United Spirits Limited (formerly known as McDowell & Company Limited) comes under the aegis of UB Group, owned by Vijay Mallya.

As on March 31, 2009 it had 479 branches and tie up over 500 private financiers across the country. As on March 31, 2009 the total employee strength was 12,196, The assets under management have grown by a compounded annual growth rate (CAGR) of 68.01% from Rs. 2,92,159.35 lakhs (which comprise of AUM in the books of Company of Rs. 1,58,700.28 lakhs, assets Securitised / assigned of Rs. 28,368.43 lakhs and portfolio managed by the Company of Rs. 1,05,090.64 lakhs) in FY 2005 to Rs. 23,28,110.65 lakhs (which comprise of AUM in the books of Company of Rs. 17,92,397.14 lakhs, assets securitised / assigned of Rs. 5,31,092.91 lakhs and portfolio managed by the Company of Rs. 4,620.60 lakhs) in FY 2009. The total income and profit after tax increased from Rs. 34,568.84 lakhs and Rs. 4,932.38 lakhs in FY 2005 to Rs. 3,73,112.97 lakhs and Rs. 61,240.21 lakhs in FY 2009 at a CAGR of 81.25% and 87.71%, respectively.

Shriram Unnati Fixed Deposit Scheme.

Contact our Company Fixed Deposits Agent Advisor Consultant if you are finding to place best deposits rates in India for Various investment options in various companies/ Banks. Apply online here.

Fixed deposits in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits.

Companies accepting Fixed Deposits in India.

A List of Non Banking Finance Companies (Fresh Deposits with Local Cheques)

A List of Manufacturing Companies (fresh Deposits with Local Cheques)

Fresh Deposits With Demand Drafts:

Company Accepting Renewal Only

Call us on +91- 9825472919. We are Authorised Agent for Collecting the above mention Fixed Deposit/Company Deposit for Renew or Place new FD. To Read Some Discussion/ Question- Answer/ FAQ’s on Company Deposits Click here.

Tax Deduction at source: No Tax deduction at source on interest paid/ credited upto Rs. 5,000/- in a Financial Year.

Loan Facility: Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount, subject to the other terms and conditions framed by ICICI Home Finance from time to time. Interest on such loans will be 2% above the depsoit rate.

In Case of any querry on  Latest Interest Rates on ICICI Home Finance Limited Company Deposits  or to invest money Ask our Authorised Agent before Investing Money & See the last updated time stamp.

Cumulative Scheme

Non –Cumulative Scheme

* Senior Citizens/ Shareholders/ Employees will get an additional rate of 0.25% per annum #Interest payment half yearly on 30th September and 31st March only through ECS. ## compounded annually.

Renewals for Company Fixed Deposit scheme wil be accepted in the Scheme prevalling on date of maturity. Only Principal Amount will be renewd in case of renewal. Additional amount will be accepted in multiples of Rs.1000/-.

• Additional amount of deposits will be accepted in multiples of Rs. 10,000/-
• Interest and maturity value payments are subject to deduction of tax at source, wherever applicable.
• Deposits will be accepted from individuals, Minors (through Natural Guardian), Non Resident Indians on non repatriation basis (through NRO account only) and HUFs.
• Interest will be calculated from the date of realization of cheque and will be rounded off to the nearest Rupee.
• The Company reserves the right to offer better terms, including interest , for deposits of Rs. 25,00,000/- & above.

Scheme A : Quarterly Income Plan*

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

Scheme B: Cumulative Deposit Plan

* 0.25% p.a. additional interest for senior citizens/ Tata Motors Share Holders/ employee of TATA Motors and its Indian subsidiary companies.

• Tata Capital Limited
• JM Financial Services PVT Ltd.
• Kotak Securities Limited
• ICICI Securities Limited
• HDFC Securities LTD
• Stockholding Corporation of India Limited.

Why intrest from Company Fixed Deposit is higher than Banks?
Company Fixed Deposit have always offered interest which is 2-3% higher than Bank Deposit rate.Becaue they have to pay higher interest to banks for borrowing money.

How are interest payments made ?
Interest is paid on monthly/quarterly/half yearly/yearly or on maturity basis and is sent either through cheque or ECS facility.

When is TDS deducted on the interest from Company Fixed Deposits ?
TDS is deducted if the interest on fixed deposit exceeds Rs.5000/- in a financial year.

Is there any scope of appreciation of principal ?
No, at the end of deposit period principal is returned to the deposit holder

How to choose a good company deposit scheme ?
» 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 has 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 to 3 years. 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 reputed Financial planner / Investment Advisor like us for advice in all your transactions. Do not bypass and invest directly just to earn an extra incentive.
» For investors living in outstation city, check whether the company accepts outstation cheques and makes payment through at par cheques.

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.

Upto what limits can a company accept deposit ?
A Non-Banking Non-Finance Company(Manufacturing Company) can accept deposit subject to following limits.
» Upto 10% of aggregate of paid-up share capital and free reserves if the deposits are from shareholders or guaranteed by directors.
» Otherwise upto 25% of aggregate of paid-up share capital and free reserves. A Non-Banking Finance Company can accept deposits upto following limits:
» Equipment Leasing Company can accept four times of its net owned fund.
»Loan or investment company can accept deposit upto one and half time of its net owned funds.

 What is the period of the deposit
Company Fixed Deposits can be accepted by a Manufacturing Company having duration from 6 months to 3 years. Non-Banking Finance Company can accept deposit from 1 year to 5 years period. A Housing Finance Company can accept deposit from 1 year to 7 years.

Where not to Invest
» Companies which offer interest higher than 15%.
» Companies which are not paying regular dividends to the shareholder.
» Companies whose Balance Sheet shows losses.
» Companies which are below investment grade (A or under) rating.

There is an old saying “DON’T PUT All YOUR EGGS IN ONE BASKET”.
The company deposits should be spread over a large number of companies. This will help the investor to diversify his risk among various companies/industries. Investors should not put more than 10% of their total investible funds in one company.

• To Get Latest New Company Fixed Deposits Interest Rates Click here.

Contact us if you are finding to place best New Latest deposits rates in India for Various investment options in various companies/ Banks. Apply online here

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