EXIM BANK Fixed Deposits Exim Bank (Export – Import Bank of India ) is 100 % owned by the GOVERNMENT OF INDIA. It was established by an Act of Parliament known as the Export- Import Bank of India Act 1981.It is AAA rated by CRISIL,ICRA, FITCH. Features: Investment – 25 to 60 months Rate of Interest – 8.25% pa Interest Payment Half Yearly Flexibility: 1. The benefit of future increases in interest rates will be available to the existing term deposits for the residual period till maturity at the interest rate applicable to the residual maturity period, without any action on the part of the depositor. 2. In case the existing rate on a deposit (contracted based on original maturity at the time of placing deposit) is higher than the revised rate applicable to the residual tenor, then the original higher rate would continue to apply. 3. The above flexibility is available only on deposits placed by Individuals/NRIs/Trusts/HUFs and superannuation funds. 4. Interest rate on 3-year and 5-year floating rate term deposits could be benchmarked to 3-year and 5-year G-sec rates respectively. NOTE: 1. Interest compounded on quarterly basis. 2. Minimum Deposit of Rs.10, 000/- and in multiples of Rs.1, 000/- thereafter. 3. Interest is subject to deduction of tax at source, wherever applicable. 4. Senior citizens will be eligible for additional interest at 0.50% p.a. on deposits placed for 25-60months and above. 5. Persons with disabilities will be eligible for additional interest at 0.50% p.a. on deposits placed for 25-60 months and above. 6. Cheques/Demand Drafts to be drawn favoring ‘Exim Bank Term Deposit Account’. Invest through us and benefit of becoming GOLD Member of the Group and get host of other benefits. Ask for APPLICATION FORM. HAPPY INVESTING!! With Warm Regards
Zoher Doctor / Smart Money Inc. Financial Planner 402, Bholesai Apt., Bh. Emperor, Parsi St , Fatehgunj, Vadodara 390002 GUJ INDIA Direct: +91 9824063400 Alternate E-Mail: [email protected] Group: http://groups.google.co.in/group/smartmoneyinc -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=.
