Godrej & Boyce Manufacturing Co. Ltd. is currently one of the biggest and most diversified privately-held industrial corporations in India. The company was established in 1897 and specialises in a wide variety of products and solutions such as appliances, security solutions, electronics, construction and real estate, locking solutions and systems, industrial products, storage solutions and many more. Godrej & Boyce Manufacturing Co. Ltd. has a nationwide network of retail stores with more than 2,200 wholesale dealers and over 18,000 retail outlets. Godrej & Boyce Manufacturing Co. Ltd. also offers a fixed deposit scheme that is open to the public, which offers attractive and competitive rates of interest.
Godrej & Boyce Manufacturing Co. Ltd. Fixed Deposits come with a number of salient features and benefits such as:
In order to apply for Godrej & Boyce Manufacturing Co. Ltd. Fixed Deposits, applicants must fulfil the following eligibility criteria:
Individuals interested in opening a fixed deposit with Godrej & Boyce Manufacturing Co. Ltd. can do so by following the procedure below:
Any interest or fixed deposit that is unclaimed for more than seven years will automatically be transferred by the company to the credit of Investor Education and Protection Fund.
Income-tax if applicable will be deducted as source. However if form 15G/15H is submitted to the company at the commencement of each financial year then no tax shall be deducted.
Joint deposits can be opened by up to three people, as long as the second and third person is not a minor. All correspondence will be directed only to the first depositor.
No premature deposits are allowed prior to six months from the date of acceptance of the application. In the event of premature withdrawal after the expiry of six months the company may allow withdrawals subject to reduction in interest rates as well as any other terms and conditions that may apply.
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