Network 18 Media & Investments Ltd Restarts Acceptance of Fresh Deposits w.e.f 18th December’2013.

(Read : How to select good FD)

Interest Rate

FD Rate Chart – Scheme A – (Non Cumulative)

           Period             Minimum Amt  Interest Rate 
              1 Year      10000       11%

FD Rate Chart – Scheme B  (Cumulative)

  Period              Min Amount      Interest Rate      Maturity Amt     Annual Yield  
  1 Year         10000          11%       11,146 11.46%

 

 

Notes :

  • Additional Interest .50% for  Senior Citizens
  • For Non Cumulative payment Interest Quarterly  Compounded & paid  Quarterly calculated.
  • For Cumulative Interest compounded Quarterly  and payable on Maturity.
  • TDS is applicable will be deducted if interest income is more than 5000, however no TDS will be levied if a duly Form 15G/H  is submitted.
  • Payment of Interest in Scheme A through post dated cheques in Advance, Interest payment Date- 31 March, 30 June, 30 Sep, 31 Dec
  • Pan Card Compulsory

Company Profile

Network 18 group is in the business of broadcasting, telecasting, relaying, transmitting general news programmes and operate news Channels. Its operate India & overseas.

The Company Operates :

  • Popular Business & News Channels – CNBC TV 18 , CNBC AWAAZ, CNN IBN, IBN LOKMAT, CNBC TV18 PRIME HD
  • Popular Enetertainment Channels – COLORS, MTV, Vh1, Sonic, Comedy Central , HISTORY TV18
  • Internet player  – WEB 18 , Event management venture – E18 , Home shopping – HOMESHOP 18

 

Application Process

Who can Apply

Residence Individual , Minor through their Guardians, Register Trust , Register Societies

Banking Details

Payment should be made by Account payee cheque / DD made payable to  ” Network 18  – Fixed Deposit  payable at center where the application is submitted.

Cash will not accepted.

Bank              :

CMS Code   :

Branch         :

Account No:

For Application Forms : mail us –  rajendra@puneinvest.com

Other

Interest Payment

Interest shall be payable Quarterly on 30th June, 30 Sep., 31 Dec., 31 Mar and as on maturity.  Interest Warrent Advance Post dated Cheque Issue .

Premature withdrawal

Company reserve right to repay the deposit prior to the date of maturity.

The premature withdrawal of the amount deposited can be entertained only after surrendering of all the un-encashed interest warrants, if any along with the discharge FDR with request letter.

  • Network 18 Media & Investments Ltd has informed BSE that ICRA Limited – the Credit Rating Agency, has affirmed the Credit Rating for the Fixed Deposit Programme of the Company as “MA-“ (Pronounced MA minus). Further this rating was earlier placed under “Rating Watch with Developing Implications”, has now been taken off and a “Stable” outlook has been assigned to the above rating.Further, the long term rating for the Company’s Rs. 100 Crores bank facilities has also been revised by ICRA Limited from earlier BBB- (pronounced ICRA triple B minus] to BBB+ (pronounced ICRA triple B plus). Further this rating, which was earlier placed under “Rating Watch with Developing Implications”, has now been taken off and a “Stable” outlook has been assigned to the long term rating.                 (Source :  BSE.  Mar 2013)

 (Read : How to select good FD)

KYC

For KYC Document :

Proof of Identity : Passport, Pan Card, Voter ID, Driving License

Proof of Address : Telephone Bill, Bank A/c Statement, Electricity Bill, Ration Card, Letter from Employer