Online edition of India's National Newspaper
Friday, Mar 04, 2005

About Us
Contact Us
Business
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment |

Business Printer Friendly Page   Send this Article to a Friend

Peerless re-launches Flexi-Life savings plan

By Our Staff Reporter

THANJAVUR, MARCH 3. The Peerless General Finance and Investment Company Ltd, the Residuary Non-Banking Company (RNBC) has paid maturity to the tune of Rs. 10,000 crores in the last four years to four crore customers in India said A.Gosh, Marketing Manager of the company here today.

Mr.Gosh said that the company re-launched its product Flexi-Life Savings Plan today in Tiruchi region. Flexi-Life is a recurring deposit scheme for five years.

The minimum deposit is Rs. 500 and the mode is monthly. The plan offers a rate of return of 5 per cent yearly plus 2.30 per cent continuity bonus on the deposit amount at maturity.

The plan offers a loan facility up to 75 per cent of deposit amount after three months, premature withdrawals available after one year.

Mr. Gosh said the company had paid a maturity of Rs. 32.22 crores to 1,11,545 customers in 2003-04 in the Tiruchi region.

J.Damodaran, Regional Manager and P.Thirumeni, Branch Manager were also present at the press conference.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu