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JCT LIMITED
Corporate Office : 305, 3rd Floor, Rattanjyoti, 18 Rajendra Place, New Delhi - 110 008
FIXED/CUMULATIVE DEPOSIT SCHEMES
HIGHLIGHTS
HOW TO APPLY
Fill the attached application form appropriately
The
application form alongwith the remittance should be sent to
the offices of the company at the addresses given below or
to the Managers / Brokers to the Fixed Deposit Scheme
P Payment should be made by means of an A/c Payee
cheque/bank draft drawn on a scheduled bank in favour of
JCT LIMITED
Please attach copy of PAN
SCHEME-A FIXED DEPOSIT
INTEREST PAYABLE QUARTERLY
PERIOD
RATE OF
INTEREST
P.A.
MINIMUM
AMOUNT OF
DEPOSIT (Rs.)
One Year
10.50%
20000
Two Years
11.00%
20000
Three Years
11.50%
20000
Additional amount acceptable in multiples of Rs. 1,000/-
Acceptance of Deposit is subject to the terms and
conditions as contained in the application form.
OFFICES OF THE COMPANY
Corporate Office :
305, 3rd Floor, Rattanjyoti, 18 Rajendra Place,
New Delhi - 110 008
Registered Office & Filament Unit :
Village Chohal, Distt. Hoshiarpur - 146 024 (Punjab)
Textile Unit :
OFFICES OF THE COMPANY
G. T. Road, Phagwara - 144 401 (Punjab)
SCHEME- B CUMULATIVE DEPOSIT
INTEREST COMPOUNDED QUARTERLY
PERIOD
MINIMUM
AMOUNT
AMOUNT OF
PAYABLE ON
DEPOSIT (Rs.) MATURITY (Rs.)
One Year
20000
22180*
10.90%
Two Years
20000
24840*
12.10%
Three Years
20000
28100*
13.50%
Additional amount acceptable in multiples of Rs. 1,000/*Subject to deduction of tax as applicable.
SCHEME-C MONTHLY INCOME DEPOSIT
INTEREST PAYABLE MONTHLY
Mumbai Office :
K. K. Chambers, 2nd Floor, Sir P. T. Marg,
Mumbai - 400 001
Kolkata Office :
18, Manilal Saha Lane, 2nd Floor, P. S. New Market,
Kolkata - 700 013
EFFECTIVE
YIELD
P.A.
MINIMUM
AMOUNT OF
DEPOSIT (Rs.)
PERIOD
RATE OF
INTEREST
P.A.
One Year
10.50%
100000
Two Years
11.00%
100000
Three Years
11.50%
100000
Additional amount acceptable in multiples of Rs. 1,000/-
Broker's Stamp
JCT LIMITED
Corporate Office : 305, 3rd Floor, Rattan Jyoti, 18 Rajendra Place, New Delhi - 110 008
APPLICATION FORM
PLEASE WRITE BELOW IN BLOCK LETTERS & TICK
IN APPROPRIATE BOX
I/We hereby apply for an unsecured Fixed Deposit with your Company as per details given below :
AMOUNT
MODE OF PAYMENT
Rs. ................................ RUPEES ..........................................................................................................................................
Cheque/DD No........................ Dated.....................Drawn on.......................................................Amount..........................
Renewal of FDR (Details given below)
FDR No.
Date of FDR
Maturity Amount
Amount to be Renewed
SCHEME
Fixed Deposit
Cumulative Deposit
Monthly Income Deposit
PERIOD
RATE OF INTEREST
One Year
10.50%
Two Years
11.00%
Three Years
11.50%
CATEGORY
0.50% additional interest payable to Senior Citizen and Female Depositors
Shareholder (Client ID/DP ID No. ...................................................)
Public
STATUS OF APPLICANT
Resident Individual
INCOME TAX EXEMPTION
Yes
HUF
Balance Amount Payable
Senior Citizen
Female Depositor
Others
NO (If Yes, attach Form No. 15H/15G In Duplicate)
PERMANENT ACCOUNT NO. (MANDATORY)
(Please enclose a copy of Pan Card)
PARTICULARS OF ANY OTHER DEPOSIT(S) ACCOUNT WITH THE COMPANY (Attach extra sheet if required)
FDR No. ............................................Date.................................... Amount (Rs.).......................................
APPLICANT(S) NAME IN FULL (First Name/Middle Name/Surname)
SOLE/FIRST APPLICANT MR./MS. (attach copy of age proof if first named depositor is minor)
Bank account particulars of
first named depositor
FATHER/HUSBAND NAME (First Applicant)
Account No.
NAME OF GUARDIAN IN CASE FIRST NAMED DEPOSITOR IS MINOR
IFSC code
Name of bank
MR./MS. SECOND APPLICANT
Address of bank
..............................................................................
MR./MS. THIRD APPLICANT
..............................................................................
ADDRESS OF SOLE/FIRST APPLICANT (Please do not write the name again)
PIN
TELEPHONE No.
DECLARATIONS:
I/We hereby declare that the amount being deposited herewith is not out of any funds acquired by me/us by borrowing or by accepting deposits from any other person.
I/We hereby declare the first named depositor mentioned in the application is the beneficial owner of this deposit and as such he/she should be treated as the payee for the
purpose of deduction of tax at source under section 194A of the Income Tax Act, 1961.
I/We have read carefully and agree to abide by the terms and conditions of the Company's Fixed Deposit Scheme and declare that what is stated in the application is true and
correct. Please acknowledge and send me/us a Fixed Deposit Receipt on realisation of Cheque/Draft.
SIGNATURE OF APPLICANT(S) (Guardian, In case of minor)
SOLE/FIRST APPLICANT.......................................... SECOND APPLICANT......................................... THIRD APPLICANT.........................................
NOMINATION DETAILS (Must be signed by the depositor(s))
I/We nominate the following person to whom in the event of my/our/minor's death the amount of this deposit may be returned by the company.
Name of the nominee ............................................................. Date of birth if minor..................................(attach copy of age proof)
Name of Guardian (other than Applicant) in case nominee is minor....................................................................................................................
Address of the Nominee/Guardian......................................................................................................................................................................
............................................................................................................................................................................................................................
............................................
Signature of First Depositor
.................................................
Signature of Second Depositor
.............................................
Signature of Third Depositor
FOR OFFICE USE ONLY
Fixed Deposit Receipt
No.
Date
Date of
Encashment
Date of
Maturity
Fixed Deposit Ledger
Account Number
Application Sl. No.
Broker Code
TERMS & CONDITIONS
AMOUNT OF DEPOSIT
1.
INCOME TAX DEDUCTION
Scheme - A (Fixed Deposit)
Minimum amount acceptable Rs.20,000/- and additional in
multiples of Rs.1000/Scheme - B (Cumulative Deposit)
Minimum amount acceptable Rs.20,000/- and additional in
multiples of - Rs.1,000/Scheme-C (Monthly Income Deposit)
Minimum amount acceptable Rs. 1,00,000/- and additional in
multiples of Rs 1,000/-
PERIOD OF DEPOSIT
2.
Deposits are accepted for a period of One, Two & Three Years.
Scheme - A and C (Fixed/Monthly Income Deposit)
Deposit for one year
Deposit for two years
Deposit for three years
10.50% p.a.
11.00% p.a.
11.50% p.a.
Scheme - B (Cumulative Deposit)
10.50% p.a.
11.00% p.a.
11.50% p.a.
Deposit for one year
Deposit for two years
Deposit for three years
Amount
of
Deposit
20,000
Amount payable
after
one year
22,180*
Amount payable
after
two years
24,840*
Amount payable
after
three years
28,100*
* Subject to deduction of tax as applicable.
0.50% additional interest payable to senior citizen and female
depositors.
4.
5.
6.
Interest on Scheme A will be paid / accrued quarterly as on 1st July,
1st October, 1st January and 1st April of each year and upto maturity
and on scheme C payable monthly (with a minimum deposit of Rs.
1,00,000/- and on Scheme - B compounded quarterly and shall be
accrued / credited (after deduction of tax, if any) to the account of the
Depositor as on 31st March of each year and on maturity.
The Date of Fixed Deposit and Interest thereon will commence from
the date of realisation of the cheque/demand draft by the Company
and no interest will accrue after the Fixed Deposit matures and
becomes due for payment.
Payment of interest will be made by A/c Payee cheques drawn on
Company’s Bank are payable at par.
RENEWAL & REPAYMENT
7.
8.
9.
11. The first named depositor will be regarded as beneficial owner of the
deposit and will be treated as the payee for the purpose of deduction of
tax under the provision of the Income Tax Act 1961.
JOINT DEPOSITORS
INTEREST RATE AND PAYMENT OF INTEREST
3.
10. Income tax wherever applicable, will be deducted at source, in
accordance with provision in the Income Tax Act 1961 unless the,
depositor produces a statement in the prescribed form 15-G /15-H under
Income Tax Act at least 30 days before the date on which next payment of
interest falls due. Under the regulations currently in force, no tax will be
deducted if the amount of interest paid and/or credited on all deposits with
JCT Ltd. in a year does not exceed Rs.5000/-. Wherever Income Tax is
deducted, certificate for tax deduction shall be issued only when Income
Tax Permanent Account No. mentioned in the appropriate column on the
application form.
Deposits will not be considered as renewed automatically after the
date of maturity unless expressly arranged for by filling a fresh
application form at least 30 days before the date of maturity.
Deposit Receipt will not be transferable and should be
surrendered to the Company duly discharged for repayment at least
30 days before the date of maturity. The Company will not recognise
any lien on Fixed Deposit.
The company reserves the right to repay the deposits before the date
of maturity in the event of which rate of interest shall be as per
provisions of the Companies (Acceptance of Deposits) Rules, 2014
as amended. In case any premature refund is allowed, then for the
purpose of calculation simple rate of interest will be applicable to all
the categories of Deposits.
12. Deposit in two or more names will be accepted on “Either or Survivor”
basis, if indicated in the Application Form. In case of deposits in joint
names, all correspondence will be addressed to the person whose name
appears first, for the time being on the Deposit Register. All Cheques for
the payment of principal and interest will also be drawn in favour of the
first named depositor, irrespective of whether the deposit is payable to
either of the depositors or to any of them or survivor (s). Discharge must
be given by such first named depositor for payment of principal / Interest
which shall be valid and binding on all the deposit holders.
13. In the event of death of the first joint holder, and subject to instructions to
the contrary the repayment of the principal amount and interest shall
be made to the person first in order of survivors on satisfactory
production of death certificate without any reference to the heirs and /
or legal representatives of the deceased. In any other case, it will be
necessary for the legal representative of the depositor to produce
succession certificate, letter of administration, probates of the will etc. to
the satisfaction of the Company.
GENERAL
14. Deposits will be accepted from resident individuals, group of persons and
Trust. Deposits will not be accepted from non-residents and foreign
nationals. ln case of the depositor being a minor the name of the guardian
should be mentioned distinctly on the application form.
15. In case the first named depositor is a shareholder he/she should clearly
mention share folio number in the Application Form.
16. Notification regarding change of address, tax exemptions etc. must be
sent to the Company at least 30 days before the date on which the next
payment of interest falls due.
17. The Company will be in no way responsible for delays or loss in postal
transit for the Fixed Deposit Receipts and the interest warrants that may
be sent to the Fixed Deposit holders.
18. In the event of loss or destruction of Fixed Deposit Receipt, the Company
may on such reasonable terms, if any, as to evidence and indemnify and
the payment of pocket expenses incurred by it in investigating evidence
as it thinks fit, issue a duplicate Receipt to the party entitled to the Fixed
Deposit to which such lost or destroyed or mutilated receipt shall relate.
19. The Company reserve the right to reject any application for deposit or
renewal thereof without assigning any reason.
20. Application in the prescribed form together with "Account Payee" cheque
or draft payable in favour of JCT Limited should be lodged at any of the
specified addresses of company or to the Managers / Brokers to the
Fixed Deposit Scheme.
21. The Fixed Deposits will be subject to the Companies (Acceptance of
Deposits) Rules, 2014 made under specified Section of the Companies
Act, 2013 as amended.
22. All Disputes related to Fixed Deposits shall be subject to Hoshiarpur
(Punjab) Jurisdiction.
23. The Company reserve the right to alter or amend any or all of the terms
and conditions stipulated above without assigning any reason.
All future communication in regard to Fixed Deposits should be addressed to :
JCT Limited
Fixed Deposit Section
305, 3rd Floor, Rattanjyoti, 18 Rajendra Place, New Delhi - 110 008
Phone : 46290000, 46290014, 46290018 Email : jctsecretarial@jctltd.com
Website : www.jct.co.in