Unitech launches Fixed Deposit

| June 2, 2009 | 172 Comments

Unitech Ltd has launched fixed deposit scheme to accumulate funds directly from public.  The offered interest rates are much better than current offerings by bank FDs.

  •  1 year – 11.00%
  • 2 Years – 11.50%
  • 3 Years – 12.00%

Additional 0.50% interest will be paid to Senior Citizens and Unitech Ltd. share holders (more than 100)

With over 3 years of real estate and infrastructure developement experience, Unitech is one of the leading real estate developers.  It has market capitilisation of  approx 10,000 crores and land reserves of over 11000 acres spread across major centers of economic activity of India.

Unitech is aiming to setup pan-India mobile telephony business jointly with Norway’s Telenor Asa.

Download:  Unitech FD form

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Category: Blog, Fixed Deposit, Updates

  • Vineet Kane

    Hi Unitech Investors,

    I am floating a spread sheet which lists the defaulting payments (complaints).

    Please add your details here. Lets try to take some initiative or else nothing will happen. This list should detail out the pending amounts.

    https://docs.google.com/spreadsheet/ccc?key=0AgaxDAnHglk0dEtuS0Z6cWY2SWJESmZJU2E3UHR4R0E

  • CP

    Thank you Vineet for this excellent initiative.

  • V. GANESH

    The Manager-Deposits,
    Unitech ltd.
    Sir,
    My wife, Dhanalakshmy k.r, had a deposit for rs.25000/- The fdr no.is A038960. It matured on 07-10-2011. Sent for closure through Bajaj capital, trivandrum, kerala. Till date we have not received the amount. I had sent the bank mandate with a cheque leaf and asked unitech to credit the Principal to her bank a/c. no response. nothing. my mob no. is 9747833529 and email is pandalamganesh@ymail.com.expecting an immediate reply. V. Ganesh, Trivandrum.

  • CP

    i suppose legal way is the only way. Only thing once or twice we can request politely through sending registered mail and then if we can collectively complain to the consumer court/collectively hire a good lawyer, the problem would be taken seriously. Individual effort in this type of case will not be so effective. The GM of UNITECH I have heard is in Jail ( 2G scam and hence the decision making at the company may not be at its best. Besides I have now realised that the company does not have any rating.

  • Vivek

    Personally i do not think Unitech will go bankrupt, they are paying up, albeit delayed, besides i do not think they will be able to pre-pay money if everyoue asks for premature withdrawal, the only remedy i see, is to wait it out, they have a lot of property in an around NCR, GIP mall is one of the examples, be patient, that is the only remedy. Anxiety wont solve problems. If Unitech goes under – Stock Market goes to 1000 Nifty. There will be no tommorow.

  • Vineet Kane

    Guys,.,,,, I got my principle amount cheque of Rs 90000….. which had matured on the 23rd July 11.. today i.e. on the 8th Dec 2011……. I have not got any interest for the delayed period but at least got the principal amount….. will now fight for the delayed period interest….

  • CP

    I also got my principal amount and was promised that interest would be sent separately for the delayed period.

  • USHA U DALAL

    I was promised to send my FD refund which matured in the month of may-2011 by 18th of DEC-2011. i have still not received the same and company even do not respond to my email of request of refund payment.

  • KASHYAP K DALAL

    I was promised to send my FD refund which matured in the month of may-2011 by 12th of DEC-2011. i have still not received the same and company even do not respond to my email of request of refund payment.

  • RAAJKISHOR R KOTWAL

    Sir,I have the amount of Rs.100,000(ONE LAKH ONLY)in UNITECH LTD as a fixed deposit for one year which has already matuared on 16th October 2011.
    The FDR no is UL/FD/A/040049.The company has yet not refunded my principal amount and not even receiving any calls.
    PLEASE HELP

  • Kanchan

    sir i have amount of rs.30000 (thirty thousand only) in UNITECH LIMITED AS A FIXED DEPOSIT FOR ONE YEAR WHICH HAS ALREADY MUTUARED ON 05/12/2011 FDR NO UL/FD/B/084679. THE COMPANY HAS YET NOT REFUNDED MY PRINCIPAL AMOUNT SO PLEASE RETURN MY PRINCIPAL AMOUNT WITH TWO MONTH INTERSET.

    • http://moneyvriksh.com/ MoneyVriksh.com

       Have you deposited certificate to company on maturity?