<h1 class="mt8 font-medium text-18">&nbsp;</h1>
<div id="rationale" class="Overview__rationale__1Y3AW text-dark mt16">
1. What is this Smallcase about?
This basket of stocks is formed on a simple thesis - the promoter knows best.
There is evidence that you can outperform the market if you invest in the &ldquo;best of companies&rdquo; where promoter is increasing stake. As per a study by a leading PMS, the average returns from 2005-2021 for a portfolio built for all companies with promoter buying is 23.7%.
2. Why does it work?
A promoter has the most real insights about the industry and business, so it works as a forward-looking indicator. Further, if there is buying across multiple companies in a sector, it indicates significant tailwinds.
3. Can one simply buy any company where promoters are buying?
No for three reasons:
<ol>
<li>Every quarter, there are 300+ names and you cannot really buy all and track them</li>
<li>Your buying price should not be significantly higher than the promoters&rsquo;</li>
<li>Many end up being just value traps.&nbsp;</li>
</ol>
4. How can this basket help?
We have analyzed all companies where there has been promoter buying recently to bring you the best 20 companies based on a detailed study - financials, management quality, growth triggers, and some other softer aspects. We will rebalance this on a monthly basis as required.
</div>

Do what the promoter does

Multipie Smallcase

Opportunity Summary
High returns fixed income investment opportunity in Senior Secured Non-Convertible Debentures of INR ~30 Cr, issued by Maniveera Structure Private Ltd (99.9% subsidiary of Jain Heights and Structures Private Limited) - Managed by Dalmia Nisus Fund.&nbsp;
Key Terms-
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<tbody>
<tr style="height: 76.8px;">
<td style="width: 109.612px; height: 76.8px;" width="200">Issuer Name</td>
<td style="width: 398.788px; height: 76.8px;" width="412">
M/s Maniveera Structure Private Ltd (99.99% subsidiary of Jain Heights and Structures Pvt. Ltd.)
</td>
</tr>
<tr>
<td style="width: 109.612px;">Development Manager</td>
<td style="width: 398.788px;">
<a href="../companies/5375">Shriram Properties Ltd.</a> is the Development Manager, the project is co-branded as &ldquo;Shriram Rainforest&rdquo; and has sold 70% of the inventory in project.
</td>
</tr>
<tr>
<td style="width: 109.612px;">Co-investor</td>
<td style="width: 398.788px;">
Due diligence and co-investment by Dalmia Nisus Fund (SEBI registered Category 2 AIF)
</td>
</tr>
<tr style="height: 25.4px;">
<td style="width: 109.612px; height: 25.4px;" width="200">Coupon</td>
<td style="width: 398.788px; height: 25.4px;" width="412">
17.00% per annum, compounded monthly and payable monthly
</td>
</tr>
<tr>
<td style="width: 109.612px;">Pricing</td>
<td style="width: 398.788px;">
Debentures are being offered at 2% premium to Face value.
</td>
</tr>
<tr style="height: 22.4px;">
<td style="width: 109.612px; height: 22.4px;" width="200">Returns</td>
<td style="width: 398.788px; height: 22.4px;" width="412">16% IRR at maturity</td>
</tr>
<tr style="height: 22.4px;">
<td style="width: 109.612px; height: 22.4px;" width="200">Tenure</td>
<td style="width: 398.788px; height: 22.4px;" width="412">NCDs are maturing on 31st October 2023</td>
</tr>
<tr>
<td style="width: 109.612px;">Security</td>
<td style="width: 398.788px;">Property value cover of 1.9x</td>
</tr>
<tr style="height: 44.8px;">
<td style="width: 109.612px; height: 44.8px;" width="200">Principal repayment</td>
<td style="width: 398.788px; height: 44.8px;" width="412">Principal shall be repaid in 4 equal quarterly Instalments from the end of 31-01-2023, 30-04-2023, 31-07-2023 and 31-10-2023</td>
</tr>
<tr style="height: 22.4px;">
<td style="width: 109.612px; height: 22.4px;" width="200">Principal Pre-Payment</td>
<td style="width: 398.788px; height: 22.4px;" width="412">Allowed with notice period of 15 days, which may lower your final XIRR</td>
</tr>
<tr style="height: 44.8px;">
<td style="width: 109.612px; height: 44.8px;" width="200">Interest payment</td>
<td style="width: 398.788px; height: 44.8px;" width="412">Payable at the end of each month in respect of the outstanding amount as at the beginning of the respective month</td>
</tr>
<tr style="height: 22.4px;">
<td style="width: 109.612px; height: 22.4px;">Face value</td>
<td style="width: 398.788px; height: 22.4px;">INR 10,00,000</td>
</tr>
<tr style="height: 44.8px;">
<td style="width: 109.612px; height: 44.8px;" width="200">Minimum Investment amount</td>
<td style="width: 398.788px; height: 44.8px;" width="412">approx. INR 10.3 lakhs. Exact amount based on payment date.&nbsp; </td>
</tr>
<tr>
<td style="width: 109.612px;">Cut-off date for investing</td>
<td style="width: 398.788px;">15th Feb 2022</td>
</tr>
</tbody>
</table>
&nbsp;
About the project-
<ul style="text-align: justify;">
<li>Shriram Properties Ltd. is the Development Manager, the project is co-branded as &ldquo;Shriram Rainforest&rdquo; and has sold 70% of the inventory in project</li>
<li>&ldquo;<a href="https://www.shriramproperties.com/residential-property/shriram-rainforest/" target="_blank" rel="noopener">Shriram Rainforest</a>&rdquo; is a plotted development project admeasuring ~28 acres offering 298 plots being developed by Maniveera Structure Pvt Ltd located at Chapparkallu Rd, Devanahalli, Bengaluru. Project is a modern gated community having a total saleable area of ~6.3 Lakh sq.ft in a single phase and will have all modern amenities like Gymnasium, Children Play Area, Party Lawn, Swimming Pool, Cricket pitch, Basketball Court, Lawn Tennis court, Badminton Court, etc.</li>
<li>Project started in April of 2018 and is completed and the project has already received final BIAAPA approval and release order</li>
</ul>
Positives-
<ul>
<li>Good IRR of ~16% for a highly secured instrument</li>
<li>Coupon is payable on a monthly basis</li>
<li>Property value cover of 1.9x. In addition, pledge of shares, Personal Guarantee and escrow(managed by Shriram Properties)</li>
<li>Shriram Properties is the development manager</li>
<li>Dalmia Nisus is a SEBI registered Category 2 AIF, a JV between Dalmia Cement promoters and Nisus Finance. It holds over 20 crores out of 30 crores of investment</li>
<li>Dalmia Nisus is monitoring the entire project</li>
<li>All the 3 founders of Multipie are investing in this deal</li>
</ul>
Risks and Mitigants -
<ul style="text-align: justify;">
<li>Liquidity risk: Receivables from sold inventory are largely backed by Housing Finance Companies and bank mortgages. The balance receivables of sold inventory are being collected rapidly upon registration and handover of each units to the buyer. The investment has got free cash flow cover of 2.1x and minimum Asset cover of 1.90x.</li>
<li>Viability risk: Shriram Properties Ltd. Has sold 70% of inventory in project.&nbsp;Since the residual project cost is fixed, the viability of the project and its cash flow cover is nearly certain for handover of the units</li>
<li>Approval risk: The project has all approvals in place and has received final completion certificate/Occupation certificate. Hence there is no approval risk in the project</li>
</ul>
Collaterals-
<ul>
<li>Underlying Project Land, All Receivables, WIP, Development Rights, FSI etc on project &ldquo;Shriram Rainforest&rdquo;.</li>
<li>100% Pledge of Shares of the Issuer</li>
<li>SPL Undertaking</li>
<li>Post Dated Cheques of interest &amp; principal amount</li>
<li>Personal Guarantee of Promoter &ndash; Mr. Kishor Jain &amp; Mrs. Rekha Jain</li>
<li>Company Guarantee of Holding Company Jain Heights Structures Private Limited</li>
</ul>
About <a href="https://nisusfin.com/">Dalmia Nisus Finance Investment Managers LLP</a>-
<ul style="text-align: justify;">
<li>Dalmis Nisus is the joint venture fund of Nisus Finance headed by industry veteran Amit Goenka and&nbsp;Dalmia&nbsp;Group headed by Gaurav Dalmia</li>
<li>230+ man years of combined real estate investment experience.</li>
<li>Dalmia Group Holdings &amp; Nisus Finance services Co pvt ltd already have managed ~US$ 200 Mn. of real estate investment and transacted US$500 Mn of assets</li>
</ul>
<a href="https://drive.google.com/drive/folders/1KvYU9jtabsqnxoJmSMo5MRKmxOlulohs?usp=sharing">Click here for detailed information</a>
For any queries, please drop a mail at help@multipie.co
Disclaimer-Multipie is only a facilitator of this opportunity and does not guarantee any repayment or scheduled payment for the mentioned instrument.
&nbsp;
FAQs
1.What is the process to invest? It's quite simple. i. Once you give your interest in the investment opportunity, you'll need to email the KYC documents to investment manager Nisus. ii. Nisus will confirm the receipt of documents and provide the bank account details where you'll need to transfer the investment amount iii. Once the transfer is confirmed, Nisus will credit the debentures in your demat account in T+5 business days.
 2.What is the significance face value of debenture? Why is my investment amount different from face value? Face value is the investment value of the bond when it is first issued. The face value of the NCD is the amount on which interest is calculated. Investment amount is different from the face value as the debenture is purchased at the current market price.
3.Where and when will be the debenture get credited after investment? The debenture will get credited within 5 business days in your demat account that you had provided at the time of registration
4.What is source of fund for repayment of investment? Your investment will be repaid from the cashflow being generated from the sale of flats in the project. Since the project is nearing completion, the sales and cashflows realization risk has been largely mitigated.
5.What is Premium? When a bond is trading above its original price (face value) in the market, premium is the additional amount paid over the face value of the bond.
6.How are my returns impacted if the borrower repays early? Any form of prepayment is a good sign as this indicates that project is performing better than expected however pre-payment will reduce the returns.
7.Do I have an option to exit my investment before the maturity date? No, As this is a fixed tenure debt instrument, the investor will have to remain invested till maturity. However, there is possibility of prepayment from project cashflow (based on underlying project progress) and resulting in exit prior to the maturity date.
8.Will there be TDS deduction by the borrower on pay-outs? Yes, TDS is applicable on the interest portion of any pay-outs that is made. The applicable TDS will be deducted at source by the borrower. The TDS amount deducted will automatically reflect in your form 26AS.
9.What happens in case of default? In case of default, investors in the debenture (Multipie investors as well as Dalmia Nisus) will have access to collections in escrow account. The advantage of investing along with an investor like Dalmia Nisus is access to their recovery and legal system.
10.What is role of Multipie? Multipie is evaluating the opportunity and selecting it for investors on Multipie.
11.Is this NCD rated? This is not a rated NCD.
12.What is IRR? It is the annualised rate that the investment in debenture is expected to generate.
13.What is secured NCD? How is it different from unsecured? Secured NCD are where borrower puts up some asset as surety or collateral for the loan. A secured debt instrument simply means that in the event of default, the lender can use the asset to repay the funds it has advanced the borrower. Unsecured NCD has no collateral backing. It requires no security, as the name implies.
14.What is the tax levied? Interest Income on NCD is taxed under the head "Income from Other Sources" at applicable tax slabs.
15.Who is the development manager? Shriram Properties is the development manager.
16.Can I sell the instrument before maturity? In situations of liquidity requirement, Multipie will make best efforts to help sell at the prevailing market price.

16% IRR Real Estate NCD - Maniveera Structure (SOLD OUT)

Curated fixed income products for you

<label class="lbl-1">Instrument : Senior Secured&nbsp; </label>debenture
<table style="border-collapse: collapse; width: 99.9514%; height: 268.687px;" border="1">
<tbody>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Issuer Name</td>
<td style="width: 48.2847%; height: 22.3906px;">MAS FINANCIAL SERVICES LIMITED</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Issuer Rating</td>
<td style="width: 48.2847%; height: 22.3906px;">[ICRA]A (Stable)</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">ISIN</td>
<td style="width: 48.2847%; height: 22.3906px;">INE348L07084</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">MLD Rating</td>
<td style="width: 48.2847%; height: 22.3906px;">CARE PP-MLD A+&nbsp;</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Listed on</td>
<td style="width: 48.2847%; height: 22.3906px;">25-Jun-2021</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Maturity date</td>
<td style="width: 48.2847%; height: 22.3906px;">23-Dec-2023</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Debenture Trustee</td>
<td style="width: 48.2847%; height: 22.3906px;">Catalyst Trusteeship Limited</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Yield&nbsp;</td>
<td style="width: 48.2847%; height: 22.3906px;">8.5% p.a.</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Security class</td>
<td style="width: 48.2847%; height: 22.3906px;">NCD</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Listed on</td>
<td style="width: 48.2847%; height: 22.3906px;">BSE</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Face Value&nbsp;</td>
<td style="width: 48.2847%; height: 22.3906px;">INR 100,000</td>
</tr>
<tr style="height: 22.3906px;">
<td style="width: 48.2847%; height: 22.3906px;">Security</td>
<td style="width: 48.2847%; height: 22.3906px;">Cover of 1.10x of the value of the outstanding principal amount</td>
</tr>
</tbody>
</table>
&nbsp;
About MAS Financial Services Limited (MFSL)
MAS Financial Services Limited (MFSL) gives loans to the mid and low income group segments. It is having more than more than 25+ yrs of experience. Debt to Equity is 3.3(as of Sep'21) and net NPA ratio is 1.46(as of Mar'21). It is supported by instituional investors like Motilal Private Equity, Axis Mutual Fund Trustee Limited , IDFC Mutual Fund, TATA AIA Life Insurance Company, ASK Investment Managers, Schrolders Intl Selection Fund India Opportunties. It is providing senior secured instrument with low maturity period.
<div>Positives</div>
<ul>
<li style="font-weight: 400;" aria-level="1">Rated A+ by CARE</li>
<li style="font-weight: 400;" aria-level="1">Strong financials of the issuer with Capital Adequacy Ratio of 26.85% as on 31st March,21.</li>
<li style="font-weight: 400;" aria-level="1">Secured NCD</li>
</ul>
<div>Risks</div>
<div>Issuer, being an NBFC, is susceptible to-</div>
<ul>
<li>Deterioration in loan book quality</li>
<li>Asset Liability mismatch</li>
</ul>
<a style="color: #236fa1;" href="https://drive.google.com/drive/folders/1ClDjrNy-mfHbaGSCBWrPhRudtOAoxlcO?usp=sharing" target="_blank" rel="noopener">Click here for Information Memorandum</a>
Disclaimer-Multipie is only a facilitator of this opportunity and does not guarantee any repayment or scheduled payment for the mentioned instrument.
FAQs
What is the objective of this issue?
The proceeds of the proposed MLD issue by MAS Financial Services shall be utilized for the following purposes:
<ul>
<li>General corporate purposes</li>
<li>For the ordinary course of business of MFSL, including repayment/refinancing of existing debt</li>
</ul>
What does MAS Financial Services do?
MAS Financial Services Limited (MFSL) gives loans to the mid and low income group segments. It is having more than more than 25+ yrs of experience. Debt to Equity is 3.3(as of Sep'21) and net NPA ratio is 1.46(as of Mar'21). It is supported by instituional investors like Motilal Private Equity, Axis Mutual Fund Trustee Limited , IDFC Mutual Fund, TATA AIA Life Insurance Company, ASK Investment Managers, Schrolders Intl Selection Fund India Opportunties. It is providing senior secured instrument with low maturity period.
What is the rating of the issuer?
Rated A(Stable) by ICRA
What is the market cap of the issuer?
INR 3,278 Cr
Who are the promoters?
Mr. Kamlesh Gandhi, Mr. Mukesh Gandhi
What is the process to invest?
It's quite simple.
<ul>
<li>Once you give your interest in the investment opporunity, our team will contact you for further process.</li>
<li>We'll let you know the timing when the order will need to be placed on the exchange</li>
<li>You will need to ensure sufficient balance in your demat account for order execution</li>
</ul>
What is the debt to equity ratio of MAS?
3.3 as on Sept 21
What is the NPA ratio of MAS?
Gross NPA 1.86% &amp; Net NPA 1.46% as on March 21
For how long has MAS been in this business?
MAS Financial Services commenced business in 1988, 25+ Years
Who are the instituional investors in shares of MAS?
Motilal Private Equity, Axis Mutual Fund Trustee Limited , IDFC Mutual Fund, TATA AIA Life Insurance Company, ASK Investment Managers, Schrolders Intl Selection Fund India Opportunties
Does MAS have any history of defaults since its inception?
No (Inception 1988)
What is the security of the paper?
A security cover of 1.10x of the value of the outstanding principal amount of the MLDs shall always be maintained until the redemption of the MLDs.
Is the instrument listed?
Yes, BSE
Who is the trustee?
Catalyst Trusteeship Limited
What is the liqudity of the instrument?
In situations of liquidity requirement, Multipie will make best efforts to help sell at the prevailing market price.
What is role of Multipie?
Multipie is evaluating the opportunity and selecting it for investors on Multipie.
What is the significance face value of debenture? Why is my investment amout different from face value?
Face value is the investment value of the bond when it is first issued. The face value of the NCD is the amount on which interest is calculated. Investment amount is different from the face value as the debenture is purcahsed at the current market price.
How are my returns impacted if the borrower repays early?
Any form of prepayment is a good sign as this indicates that project is performing better than expected however pre-payment will reduce the returns (~25-70 bps).
Will there be TDS deduction by the borrower on payouts?
Yes, TDS is applicable on the interest portion of any payouts that is made. The applicable TDS will be deducted at source by the borrower. The TDS amount deducted will automatically reflect in your form 26AS.
What is IRR?
It is the annaulised rate that the investment in debenture is expected to generate.
What is Premium?
When a bond is trading above its original price (face value) in the market, premium is the additional amount paid over the face value of the bond.
What is secured NCD? How is it different from unsecured?
Secured NCD are where borrower puts up some asset as surety or collateral for the loan. A secured debt instrument simply means that in the event of default, the lender can use the asset to repay the funds it has advanced the borrower. Unsecured NCD has no collateral backing.It requires no security, as the name implies.
What is the tax levied?
Interest Income on NCD is taxed under the head "Income from Other Sources" at applicable tax slabs.
Can I sell the instrument before maturity?
In situations of liquidity requirement, Multipie will make best efforts to help sell at the prevailing market price.
What is MLD?
Market-linked debentures are debt securities linked to market performance, due to which they enjoy equity taxation.
What is senior secured bond?
A senior secured bond is a bond that is backed by a security pool. Incase of a bankruptcy event, bond holders will depend on this security pool to get their investment back after the liquidation proceedings.
&nbsp;

8.5% IRR Senior Secured Debenture

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Health Insurance

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Term Insurance is the simplest way to protect your family&rsquo;s financial future. Term Insurance provides a lump-sum amount to your family, in the unfortunate instance that they lose you, during the term of the policy. The &lsquo;financial burden&rsquo; does not come to the family and they are able to maintain a similar lifestyle and meet all the goals.
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<ol>
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Term Insurance 

<div class="dark-gray font-16 semi-bold">
<div class="dark-gray font-16 semi-bold">
<div class="dark-gray font-16 semi-bold">
Bajaj Finance fixed deposit is one the safest investments in India as it offers great flexibility with guaranteed returns.&nbsp;
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian Non-Banking Financial Company (NBFC). The company deals in consumer finance, SME and commercial lending, and wealth management.&nbsp; The Deposit is offering an assured return upto 7.05% p.a 
Here is why one should invest in Bajaj Finance FD ?
<ol>
<li>Higher Returns - make more returns than Bank FD, Savings Account, Liquid Funds</li>
<li>Highest Credit Quality - CRISIL FAAA &amp; ICRA MAAA. Only Indian NBFC with &ldquo;BBB&rdquo; from S&amp;P Global</li>
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<li>Senior Citizen? - Make an extra 0.25% above the offered interest rate</li>
</ol>
#DidYouKnow 4.8* Crore Indians trust Bajaj Finance with their savings in Bajaj FD !
Interest rates-5.5%-7.05%
</div>
<div class="dark-gray font-16 semi-bold">
<table dir="ltr" style="border-collapse: collapse; width: 75.3891%; height: 112px; border-color: #000000; border-style: solid;" border="1" cellspacing="0" cellpadding="0"><colgroup><col style="width: 20.6789%;" width="100" /><col style="width: 16.8016%;" width="100" /><col style="width: 13.7321%;" width="100" /><col style="width: 15.5092%;" width="100" /><col style="width: 16.6401%;" width="100" /><col style="width: 16.6401%;" width="100" /></colgroup>
<tbody>
<tr style="height: 44.8px;">
<td style="text-align: center; height: 44.8px;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Tenure \n(in months)&quot;}">Tenure (in months)</td>
<td style="text-align: center; height: 44.8px;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;On maturity&quot;}">On maturity</td>
<td style="text-align: center; height: 44.8px;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Monthly&quot;}">Monthly</td>
<td style="text-align: center; height: 44.8px;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Quarterly&quot;}">Quarterly</td>
<td style="text-align: center; height: 44.8px;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Half yearly&quot;}">Half yearly</td>
<td style="text-align: center; height: 44.8px;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Annual&quot;}">Annual</td>
</tr>
<tr style="height: 22.4px;">
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;12-23&quot;}">12-23</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0565}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">5.65%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0551}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">5.51%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0553}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">5.53%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0557}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">5.57%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0565}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">5.65%</td>
</tr>
<tr style="height: 22.4px;">
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;24-35&quot;}">24-35</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.064}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.40%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0622}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.22%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0625}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.25%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.063}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.30%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.064}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.40%</td>
</tr>
<tr style="height: 22.4px;">
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;36-60&quot;}">36-60</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.068}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.80%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.066}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.60%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.0663}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.63%</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:6.69}">6.69</td>
<td style="height: 22.4px; text-align: center;" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.068}" data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}">6.80%</td>
</tr>
</tbody>
</table>
Senior citizens will get 0.25% extra over this.
*as of March 2021 
<a href="https://www.bajajfinserv.in/fixed-deposit-faq" target="_blank" rel="noopener">FAQs</a>
<ul>
<li>What is the eligibility criteria for investing in Bajaj FD? Resident individuals with more than 18 years of age can invest in Bajaj FD.</li>
<li>Is the interest earned on the FD taxable? Yes, it is taxed as per the applicable income tax slab rates</li>
<li>Where can I submit 15G/H form? You can submit 15G/H form on Bajaj Finance's portal &ldquo;Experia&rdquo;. You can login using the mobile number through which you have booked the FD.</li>
</ul>
&nbsp;
</div>
</div>
</div>

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