FAQs
Who all are eligible to invest in the Fixed Deposit Scheme?

Entities eligible to invest are:

  • Individuals
  • Companies (As Inter-Corporate Deposit)
  • Minors through guardian
  • Trusts

What are the documents that need to be submitted along with the application form?

The documents required by each category for investment in Fixed Deposit Scheme are as follows:

  • Individuals
       -  PAN Card Compulsory
  • Private Limited Company:
       -  Memorandum of Association
       -  PAN Card of Company
       -  List of authorized signatories
       -  Board of Resolution
  • Minors
       -  Relationship proof
       -  PAN Card of Parent.
  • Trusts
       -  Trust deed
       -  Copy Of PAN Card

Where would the Company deploy the funds collected through this scheme?

The Company would use the funds collected as Working Capital for itself.

What is the maximum limit up to which the Company can raise money in the form of Fixed Deposits?

The maximum investment cap is Rs.3145 crores.


What is the process of dispatch of Fixed Deposit Receipt? Will it be couriered to the Investor directly or Through the broker/Channel through which the investment was made?

The Fixed Deposit Receipt s will be sent to the customers directly, through Registered post.

What is the redemption/renewal procedure?

The Fixed Deposit Receipt should be duly discharged by the investor along with a duly filled and signed application form Should be sent to the company’s Fixed Deposit Office 21 days before the date of maturity.

Are premature withdrawals allowed?

The Fixed Deposit will be repaid only on maturity and not on demand or notice. The company, however, at its sole discretion, may permit the depositor to withdraw the Fixed Deposit prior to maturity date on such terms as to rate of interest, recovery of brokerage etc, as the company may stipulate and as per the provisions of The companies (Acceptance of Deposits) Rules, 1975 as amended from time to time.

How will a the Fixed Deposit Receipt be generated, if the investment cheque is deposited in the company’s bank account at a certain location and the corresponding original Application Form along with the original Deposit Receipt sent to the Regd. Office of Unitech Ltd is lost in transit?

In case of any loss, a duplicate copy of the application form has to be sent to the Company’s Fixed Deposit office along with the POD number through which the application form was dispatched.

Should the corrections made on the application form be countersigned?

Yes, all changes made on the application form need to be countersigned.

In case a customer does not get the Fixed Deposit Receipt, who should s/he contact?

In case a customer doesn’t get the Fixed Deposit Receipt, s/he may contact us at the Company’s Fixed Deposit office or email us at or Contact us at 0124-4848900.

What is the Procedure that should be followed in case of Address change?

In case of address change, an application has to be submitted with the new address (proof of address to be attached) and Investor details at the Company’s Fixed Deposit Office.

Can the nomination be changed during the FD Period?

Yes, the Nomination can be changed during the FD period, by submitting an application with the supporting evidence at the Company’s Fixed Deposit office .

What is the procedure to change Joint holder/ Nominee? Is it either or survivor?

A duly signed application by the joint holder / nominee is to be sent at the Company’s Fixed Deposit office

Should the broker/channel partner maintain any form of an MIS for the applications submitted by him?

Yes, the broker /channel partner should maintain an MIS. So that in case of any discrepancies/queries it can be reconciled with the statement sent by Unitech Ltd. at the end of each month.

What is the Brokerage Cycle and how will it be released?

The Company follows a monthly Brokerage payout cycle. At the end of each month an MIS/ statement of all investments made through the broker/channel partner will be sent for their perusal.

The broker/channel partner can reconcile the same with their records.

Once the debit note based on the statement sent by the company reaches the registered office, the brokerage cheque is released.

What is the process to deposit an application which consists a thumb impression instead of a signature?

In case the investor has applied with the thumb impression, the impression will be certified by the investor’s banker (i.e. signatures and Bank seal) on the application form and at the time of maturity/renewal request.

In case an application is not carrying the broker code, what is the process for rectification of the same as for the broker to get due credit in the brokerage payout?

An application from the investor confirming the above should be sent at the Company’s Fixed Deposit office the same should also be emailed to . within 5 working days of the statement issued by Unitech Ltd. to the broker at the end of each month.

What is the applicability of form 15G & 15H?

Form 15G can be submitted by an individual below the age of 59 years and the entities falling under the category of Hindu Undivided family (HUF).


Form 15H can be submitted only by an individual of or above the age of 60 years. Estimated tax for the previous assessment year should be nil. This form should be submitted before the first payment of interest.

What is the tax liability of a person who deposits his/her money in the FD?

TDS will be deducted if the amount of interest paid out or accrued exceeds Rs.5,000/- in a Financial Year.

What would be the process in case the interest cheque kept with the investor is lost or not deposited within the valid time frame?

A duplicate interest warrant will be issued on submission of an indemnity bond in case the cheque is lost. In case of non deposit of a cheque in the valid time frame the investor will have to send the old cheque with an application at the Fixed Deposit office address in order for the company to issue a new cheque.

Are 3rd party cheques accepted?

3rd party cheques only from first family members will be accepted.

At the time of maturity, what is the time taken for the investor to receive his maturity amount?

The investor will receive the maturity amount within 21 days of the receipt of the duly discharged Fixed Deposit Receipt At the company s Fixed Deposit office.

Can a Fixed Deposit Receipt be sent to the address of a broker through whom the client has made the investment?

The Fixed Deposit Receipt would only be dispatched at the brokers address on receiving a request letter from the investor citing the same at the company’s.