A Fixed Deposit is one of the best investment plans at Thangamayil, where one can invest a specific sum for a fixed period. One can draw the best benefit out of fixed deposit scheme if he prefers short term and medium term investment, ordinarily ranging from 1 year to 3 years. Thangamayil Jewellery Limited’s Fixed Deposit scheme provides interest rates depending on the tenure of deposit. Through fixed deposits, one can receive regular income in the form of interest payments paid online through RTGS/NEFT, needless of manual intervention at both ends.
Salient Features & Benefits
Only those Indian citizens who are not minors as per the act enacted by the Government of India as per the Majority Act of 1875 are eligible to enroll in the scheme.
Deposits will be accepted only in multiples of Rs. 1,000/- subject to a minimum of Rs. 10,000/-.
Interest will be calculated from the date of realization of the cheque or draft.
Nomination facility is available.
Acceptance/Renewal of deposits will be at the discretion of the company and subject to the terms and conditions stipulated by the company.
Premature withdrawal is permissible as per the statutory guidelines.
Income tax will not be deducted up to an interest amount of Rs. 5,000/- in a financial year, subject to any change in the applicable Tax Laws and wherever applicable, unless the prescribed form claiming exemption from deduction of tax at the source is received in time and in accordance with the provisions of the Income Tax Act, 1961.
HOW TO APPLY :
Kindly follow the instructions given in the Application Form.
Local Cheque/Demand Draft drawn on a scheduled bank and payable at Madurai, at par, should be made in favour of "Thangamayil Jewellery Limited" and should be crossed as "A/C PAYEE ONLY".
The Application Form along with the necessary remittance should be sent to the Corporate Office of the company, addressed to the Company Secretary.
Payment of interest and repayment of principal amount will be made by a cheque/ECS, in favour of the sole/first-named depositor.
Cash will not be accepted by the company.
Acceptance of deposits are subject to the Terms & Conditions mentioned in the application form.
All communications with regard to Fixed Deposit should be addressed to the corporate office mentioned below.
- Corporate Office: Palami Enclave, 25/6, New Natham Road, Madurai - 625014.
- Phone: +91 452 2565553, +91 96262 61515
- Email [email protected]
- For more information, contact the nearest TMJL branch.