POSTED BY October 17, 2011 1:41 am COMMENTS (5)
ONHi,
JP Associated is running an FD ( http://www.jalindia.com/FD/FDScheme.pdf ). The interest rates offered look quite impressive. I have two questions ..
a. It has been offering FDs for a while, how reliable has this company been in promising and delivering on the interest rates publicized?
b. Is this a good investment?
Thanks.
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I invested in this FD in 2009 Nov and got backe the cheque ( cumulitive interest ) today. There were no hassles.
Thanks Abhishek for the reason and suggestions.
Stay Away from this FD.. You can opt for Mahindra Finance instead.
Regards
Abhishek
Hi Abhishek,
Thanks for your reply, may I ask why do you advise to stay away from JP Assoc. FD?
thanks.
Hi Sheetal,
Jaiprakash Associates is not rated.. Since the rate of return, there is a higher risk on investment. High Risk High Return..There have been cases where the company has delayed the FD reciept by 6 months.
Go for a Bank Fixed Deposit or a AAA Rated Corporate fixed deposit instead of Jaiprakash associates. Go for a 3 year or more fixed deposit to lock in higher rates.
Regards
Abhishek