Thangamayil Jewellery Fixed Deposit Scheme

Thanga­mayil Jew­ellery, a south India based jew­ellery retailer has intro­duced one, two, three year Fixed Deposit Schemes at inter­est rate of 10, 11 and 12.5% respec­tively. The com­pany is offer­ing both cumu­la­tive as well non – cumu­la­tive options.

Com­pany Pro­file of Thanga­mayil Jewellery

Thanga­mayil Jew­ellery is a Tamil Nadu based Jew­ellery retailer engaged in man­u­fac­tur­ing and retail­ing of pre­cious jew­ellery. Thanga­mayil Jew­ellery is an estab­lished brand in Tamil Nadu and cur­rently oper­ates seven retail out­lets. Thanga­mayil Jew­ellery trades in gold, sil­ver, dia­mond and plat­inum jew­ellery. The com­pany is also in the busi­ness of jew­ellery exchange and has pop­u­lar­ized the con­cept of hallmarking.

Min­i­mum Invest­ment — Thanga­mayil Jewellery

Investors have to invest a min­i­mum amount of Rs 5000 (cumu­la­tive or Non Cumu­la­tive). Fur­ther invest­ments can be made in mul­ti­ples of Rs 1000 and thereof.

Thanga­mayil Jew­ellery FD – Shall I invest?

Investors with high risk appetite can con­sider invest­ing in Thanga­mayil Jew­ellery FD scheme. The FD scheme of Thanga­mayil Jew­ellery is very attrac­tive but looks risky. A bank fixed deposit offers a pre tax inter­est rate of 6 to 7.5 per cent per annum, con­sid­er­ing this Thanga­mayil Jew­ellery FD one year cumu­la­tive scheme is offer­ing post tax yields of 7.4 to 9.5% return.

How­ever risks attached with the com­pany and the indus­try is very high which one should be aware before tak­ing a decision.

Related posts:

1. Fixed Deposit vs Fixed Matu­rity Plan – Which is better?
2. HDFC Fixed rate home loan scheme — Fixed First
3. Fixed Deposits as an investment
4. Gold Deposit Scheme — Invest in gold
5. Bul­lion ++ Scheme – Invest­ment in bul­lion for HNIs