Saturday, September 26, 2009

FIXED DEPOSITS

Continuing with the Management's policy of striking a fine balance between development, maintenance , improvement and increasing our savings for a rainy day, Rupees nine lakhs have been parked in a fixed deposit with the State Bank of Indore at an interest rate of 7.25 % p.a for a period of 367 days. With the latest FD, the Management has been able to invest a total of Rupees thirteen lakhs in fixed deposits. Instruments of FDs are available in the office. Members desirous of checking the FD instruments are welcome to inspect them at any time convenient to them.

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