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Saturday, February 25, 2012

Avoid this Company Fixed Deposit to Invest

It's useful to select good company Fixed Deposit 

Point to Note before Investing in Company FD's :
  • Always Invest in good track record company
  • Check out Company reputation
  • Check company rating  Ignore the unrated Company Deposit Schemes. Ignore deposit schemes of little known manufacturing companies. For NBFCs, RBI has made it mandatory to have an 'A' rating to be eligible to accept public deposits. One should go further and look at only AA or AAA schemes
  •  It is better to make shorter deposit of around 1 year to 3 years. This way, you can not only keep a watch on the company's rating and servicing, but also have your money back in case of an emergency.
  • Involve your Financial Planner / Investment Advisor for advice in all your transactions. Do not bypass and invest directly. Advisor know about current market condition about specific company. Also trace yourself also. Some company pay higher brokerage for their product avoid this company.

Here is some example for Company Fixed Deposit not refund to Investor

 MUMBAI: Pharma company Ankur Drugs and Pharma is facing an army of angry fixed deposit-holders for failing to repay their money with interest. Nearly 50 investors have dragged the firm to the Company Law Board (CLB).

"We have received close to 50 petitions from various deposit-holders alleging non-payment of fixed deposit amount (principal along with interest) which was due in the month of October-November 2011," said CV Sajeevan, bench officer, Company Law Board (Mumbai). "CLB will take all efforts to protect the interest of deposit holders," he said.

any complaint regards non payment Fixed deposit below link for grevence purpose

List of CLB Benches

You May Also Like :

Company Fixed Deposit Rating Scale Details 

Top 5 Company Fixed Deposit 

  Please comment and tell us your view about Selecting Good One


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Anonymous said...

Ankur Drugs and Pharma Ltd. has not also not paid us Qly.Intt. as well as not returned our
money back of Fixed Deposit Receipt of Rs.25,000/-.

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