Pyramid
Finance Ltd. accepts Deposits from other corporate houses for
maturities ranging from 10 days up to 360 days. The Fixed Deposit
Programme of the Company has been rated "MA" by ICRA
Ltd. implying adequate safety and the prospects of timely servicing
of interest and principal. The rating takes into consideration
the steady growth of companies asset base, its ability to maintain
collection efficiency and asset quality and also the favourable
funding profile for its level of operations. The latest rating
rational can be viewed at www.icraratings.com
The interest rate currently offered on amounts placed with us
as Inter Corporate Deposits (ICD’s) is as follow:
| Days
Maturity |
Interest
Rate |
| 10-30 |
6.50
% |
| 31-60 |
7.25
% |
| 61-90 |
7.75
% |
| 91-180 |
8.00
% |
| >
180 |
8.25
% |
Please note that for amounts in excess of Rs.1.00 crore placed
as ICD's, a better rate than the rate specified above can be offered.
Non corporate entities can place amounts with Pyramid Finance
Ltd through the Bills Re- discounting route. The rates currently
being offered on Bills Re-discounting is 8.75 %
|
