Jaiprakash Associate Limited a part of Jaypee group offers lucrative fixed deposit scheme:
Highlights:
Non-Cumulative Deposit
Tenure: 1 to 3 years
Rate of Returns: 11 to 12 % p.a.
Min. Investment: INR 10000/- to INR 15000 depending on payout terms
Payout: Monthly and Quarterly
Risk: Credit rating from Credit rating agency not known (check website for more details)
Cumulative Fixed Deposit
Tenure: 6 month to 3 years
Rate of Returns: 11 to 13% CAGR
Payout: On Maturity
Risk: Credit rating from Credit rating agency not known (check website for more details)
At the look of it the fixed deposit scheme looks quite attractive from a good company, but before taking an investment decision ensure to read all terms and conditions, risk factors etc. I am not sure if the scheme has sought any credit ratings for the instrument from 3rd Party Credit Rating agencies like ICRA, CRISIL or any others.
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Disclaimer: This isn't a recommendation but just an information of investment avenues available and an investor should do due diligence before investing. I myself might put some investment in this instrument due to its tenure and return profile with all the risk involved
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