Unitech Ltd – FD scheme – Yield of 15.07% per annum-Review

Unitech Fixed deposit schemeUnitech Ltd – Fixed deposit scheme – Yield of 15.07% per annum-Review

Last week couple of my friends got an email about Unitech fixed deposit scheme which indicates that the effective yield is 15.07% p.a. They have forward the e-mail asking me to analyze and let them know whether they can invest it. Though, Unitech fixed deposit schemes have been issued for some time, it caught my attention when it indicated such high interest rate. Can we invest in Unitech fixed deposit schemes? What are the risks involved?

About Unitech Ltd

Unitech Ltd is a New Delhi based real estate developer in India. It is India’s most geographically diversified real estate developer with properties in Gurgaon, Noida, Bangalore, Chennai, Kolkata, Lucknow, Mysore, Mohali, Ambala, Rewari and Bhopal. Its land reserves of thousands of acres have some of the most premium apartments, luxury villas & well-planned townships in Noida, Gurgaon, Kolkata, Bangalore and Chennai. Unitech luxury homes are crafted and designed especially for the aficionados of luxury. ‘The Villas’ in Uniworld Resorts, Gurgaon is a stunning example of the same.

Also read: Mahindra Fixed deposit scheme – Should we invest?

Features of Unitech Ltd Fixed deposit scheme

Below are the features of the Unitech Ltd Fixed deposit scheme.

It offers the FD scheme Non cumulative and Cumulative options.

Scheme-A – Non cumulative fixed deposit scheme

Unitech Ltd – Fixed deposit scheme – Non Cumulative Scheme

  • Additional amount in multiples of Rs.1,000/- can be invested.
  • Interest would be paid every quarter.
  • Interest will be compounded quarterly and calculated from the date of realization of the cheque/draft.
  • Post-dated Interest cheques from the date of realization for the financial year will be sent in 15 days prior to due date of the first interest cheques.
  • TDS would be deducted at 10% per annum if PAN card is submitted, else the TDS rate would be 20% per annum.
  • Nomination Facility is available

Scheme-B –Cumulative fixed deposit scheme

Unitech Ltd – Fixed deposit scheme – Cumulative Scheme

  • Additional amount in multiples of Rs.1,000/- can be invested
  • Interest is compounded monthly and payable on maturity.
  • The amount of interest due on maturity, after deducting TDS, if applicable, would be sent 15 days before the date of the maturity.
  • Post-dated cheque for repayment of Principal amount will be dispatched along with interest cheque indicated above.
  • TDS would be deducted at 10% per annum if PAN card is submitted, else the TDS rate would be 20% per annum.
  • Nomination Facility is available.

Risks involved:

  1. It’s managing director Sanjay Chandra, an accused in the 2G spectrum allocation case, was given clean chit by CBI in the telephone conversation row during Mar, 2013. As per media reports the investigating agency (CBI) found that the conversation between the Chandra and AK Singh had no impact on the prosecution of the 2G case. We should wait and watch for any further news on this in future.
  2. Company has posted a negative revenue growth of (-12.7%) in FY2012-13 compared to its previous financial year.
  3. Company profits have declined from 27.12% (FY12) to 14.43% (FY13).
  4. This is a fixed deposit scheme like any other company fixed deposit. It may involve risks in repayment of interest or principal.
  5. Company is into Real estate sector business where there is stiff competition and pressure on margins.

Also read: How to file income tax return online

Conclusion: Investors may get attracted towards Unitech fixed deposit scheme due to its high yield. All company fixed deposit schemes are high risk, high return investments. I am not un-favor to corporate fixed deposits. However, considering negative revenue and profitable growth, it would be high risk to invest in such fixed deposit schemes. 

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Unitech Ltd – Fixed deposit scheme – Yield of 15.07% per annum

Suresh KP


  1. Dear friend

    as i have deposit Rs 300000/ in unitech fixed deposit scheme it matured on 2015 but i have not recieved any amount . we all should jointly together do something for this otherwise we will lost the money.

    subodh kumar


  2. Dear Sir/Madam,
    I have taken a FD of Rs.2.00lac in Unitech,FDR no.1233875,folio no. 1247791 dated 10.08.2013 for 03 years.It matures on 09.08.2016.I have not got any maturity amount till date.Even ,I have not got any interest on FD, since 01.07 2015.It isadvisable not to invest in Unitech.

    Sudhir kumar Mittal

  3. Dear All,

    Request not to do any FD with Unitech, i have done FD its more than 2 years i have not reveiced the amt. As per their form no.8, they wear supposed to pay 50 % amt within 15 months from the date of order as of today i have not received yet. Hope the company will realise and release the amount asap.


    M K Vinayak

    mbl no.9845371254

    FDR no.1248573

    1. I have invested 5 lakhs in Unitech FD scheme. Since 2015 I have neither received any interest nor the principal amount (after maturity) inpite of sending several requests.

      D.C. Chakravarty.

  4. Dear sir / madam

    .I have deposited 1lac Rs in unitech FD scheme (FDR NO. 1242399 folio no.1250478 dated 05/10/2013) by karvy in bareilly , It was one year scheme.and it’s maturity date is 05/10/14. I have deposit the FD reciept/ certificate to KARVY on 12/09/ 2014. But i have recieved only interest amount cheq and still not recieve the maturity amount.
    Actully my daughter’s marriege was on 30 nov 2014. I am sorry to say that I have not foumd my payment in marriege. And I took the money from market on higher interst. So plz paid the FD maturity VINEET KUMAR SAXENA
    FDR NO.1242399 FOLIO NO,1250478
    . MOB. NO.9259275632

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