• There are two types of FD schemes viz.,
• Term Deposit Scheme: In Term Deposit scheme, interest is paid monthly as per the terms & conditions of the Fixed Deposit scheme. The principal amount is paid on maturity.
• Cumulative Deposit Scheme:In a cumulative scheme, interest and principal amount is paid only on the maturity of the FD. Interest accrued on the FD is compounded monthly and gets added to the principal so as to receive interest on accumulated principal, i.e. the original principal plus the interest accrued every month, which gets added to the principal.

• Fixed Deposits are accepted for a minimum tenure of 1 year and can extend up to 3 years at the interest rates of 7.5% p.a. to 9% p.a..

• Individuals, either singly or jointly can apply for investing in a company FD. The first holder is considered for the purpose of payment of interest and tax.

• The FDR is usually received by the applicant within one week from the date of realization.

• The benefits offered by FD are common to all age groups.

• The customer will be asked to renew the FD on maturity of the deposit. The depositors should send the fixed deposit receipt (FDR) with due signature on the reverse of the renewal column, together with a duly completed, fresh application to the company at least 10 days before maturity. The renewal application will not be entertained after 30 days from the date of maturity of the deposit.

• The original fixed deposit receipt (FDR) duly discharged on a revenue stamp (Rupee One) should be submitted to the concerned personnel at a TMJL branch before the date of maturity, as mentioned on the FDR, giving all details to effect the payment.

• Premature withdrawal is permissible at the sole discretion of the company. However, no such withdrawal is allowed before 6 months. In the case of withdrawal of FD amount before maturity, the interest will be as per the Terms and Conditions on the Fixed Deposit Application Form. All premature withdrawals shall be subject to such terms, including reduction in the rate of interest as prescribed in the Companies (Acceptance of Deposits) Rules, 2014, as amended from time to time.

• No. Fixed deposits are non-transferable.

• Nomination facility is available for all depositors.
• Nomination can be made by individuals only. The Nominee shall not be a Trust, Society, Partnership firm, Karta of HUF or Holder of a Power of Attorney.
• he nominee would receive the payment of the deposit amount and interest, in the case of death of the sole depositor, on production of a relevant death certificate

• It is necessary for the legal representative of the depositor to produce a death certificate / succession certificate / Letter of Administration of the Will, for the approval of the company in this regards.

• No. Loan facility is not available under Company FD.

• Deposits are accepted by the company in line with the directives of the Companies Act, 2013; Companies (Acceptance of Deposits) Rules, 2014 and Reserve Bank of India’s supervisory guidance.

• Yes, the company has obtained a credit rating from the rating agency.

• In the event of loss of the fixed deposit receipt (FDR), the depositor should immediately inform the company about the loss of the instrument. The company may issue a duplicate fixed deposit receipt, subject to non-encashment of the original instrument, upon receipt from the depositor a 'letter of loss of instrument', an indemnity in the prescribed form to its satisfaction and after compliance with such other formalities, as may be required by the company.

• For Identity proof: PAN card, passport, driving license, voter ID card, ration card, Government identity card.
• For Address proof: Driving license, passport, latest electricity, gas & telephone bill, ration card, latest bank account statement.

• For any queries relating to Fixed Deposits, like status of fixed deposit receipt (FDR), non-receipt of fixed deposit receipt (FDR), interest, etc., you can contact us at the following numbers: 0452 2565553 / +91 96262 61515.

• Usually PAN card details of the sole/first applicant are collected by companies for tax purposes. Hence, a PAN card becomes mandatory to apply for the Fixed Deposit.

• Yes, a single depositor may invest in several deposits using the same name, but for TDS purpose all deposits will be clubbed together.

• TDS is deducted if the interest on fixed deposit exceeds Rs. 5000/- in a financial year.
• However, depositors who are not liable to pay any income tax during the financial year and their interest on fixed deposits received/credited/accrued during the financial year does not exceed the maximum amount (Tax Exemption Limit from income tax during the financial year).
• They should submit Form 15G (for individuals other than senior citizens) and Form 15H (for senior citizens) to the company, so as to receive interest without deduction of tax at source.

• For TDS purposes, all deposits will be clubbed on the basis of the first depositor, as mentioned in the fixed deposit receipt (FDR).

• We care for the layman and see to that payment process doesn’t cause much strain. You can deposit the installment through any of our stores, merchant stores or bank.

Please click here to reach the exclusive page on Direct Payments which elucidates the payment mechanism.

• You may click here to have a glance at the host of online payment methods supported by Thangamayil Jewellery.