Financial Daily from THE HINDU group of publications
Friday, Feb 04, 2005
Financial Daily from THE HINDU group of publications Friday, Feb 04, 2005 |
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Money & Banking
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NBFCs Peerless' new RD scheme Our Correspondent
KOTTAYAM: The Peerless, a leading registered residuary non-banking company, has launched a new RD scheme in the State with free life insurance coverage. The product is a recurring monthly savings plan for five years with a minimum deposit of Rs 500 per month and maximum insurance coverage up to Rs 3 lakhs without any premium contribution from the investor, said,Mr Anandrup Ghosh, Marketing Manager, who launched the new scheme. The deposit would attract a 5 per cent compound interest and 2.3 per cent bonus. So far, 20 million depositors have received their maturity payment from Peerless.
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