The Godrej & Boyce Manufacturing Co. Limited offers various services to its customers. The company also offers fixed deposit accounts with competitive interest rates.
Tenure for a fixed deposit is for 3 years only and the minimum amount required to open the account is Rs.25,000 for regular citizens and Rs.40,000 for employees and retired employees of the company.
For the general citizens, the rate of interest is 7.85% per annum when interest is compounded on a monthly basis.
When interest is paid or compounded half-yearly, the rate of interest is 8.00% per annum.
The rate of interest for employees, retired employees and spouses is 8.25% per annum when the interest is compounded monthly.
When compounded half-yearly, the interest rate is 8.40% per annum.
The interest is calculated on a 365/366 days factor basis from the date of realisation of the draft/cheque.
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