Gujarat State Fertilizers & Chemicals Limited

Gujarat State Fertilizers & Chemicals Limited

Highlights

MAA (High Safety) rating by ICRA.
In case guidelines are modified to allow higher / lower rate of interest, the company will pay interest as per the modified guidelines from the effective date of such guidelines.
Minimum amount of deposit Rs 5,000/- and further in multiples of Rs 1,000/-.
Premature withdrawal of deposit permitted subject to rules.
No tax deduction at source for interest less than Rs 5,000/- in each financial year or on submission of declaration in the Form No. 15-H.

Schemes

Period of Deposit	Scheme A (Non-Cumulative Deposit)		Scheme B (Cumulative)
	Rate of Interest per annum		Maturity Value of Deposit of Rs 5,000/-
	Public	Shareholders / Employees	Public, Shareholders, Employees Rs
1 year	11.0%	11.0%	5579
2 years	11.5%	11.5%	6286
3 years	12.5%	12.5%	7261
Interest Payment	Half-yearly	Quarterly	Interest compounded Monthly

About the Company

Incorporated in 1962.
The company carries on the business of manufacture, distribution and sale of Chemicals, Fertilizers, Petro-Chemicals, Industrial products, Nylonchips, Yarns, etc. The company has a subsidiary namely GSFC Investment & Leasing Co. Ltd.