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Corporate FD

Corporate FDs

What are Company Fixed Deposits

The deposits made by investors in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits. Along with manufacturing companies, financial institutions and Non-Banking Finance Companies (NBFCs) also accept these deposits.

Benefits of Company Fixed Deposits

  • Higher interest rate: The rate of interest is 2-4 percent high, as compared to the interest rate offered by banks on fixed deposits
  • Regular income: Depending on the scheme, investors have the option to receive interest at monthly/quarterly/half-yearly/yearly intervals
  • Lock-in period: The minimum lock-in period for most of the schemes is six months, i.e. investors can withdraw their money post six months, anytime
  • TDS: TDS is not applicable if interest earned is equals to or less than 5,000 for a year in a single company.

Important things to consider

  • Investors must carefully read the application form.
  • Check the rating of the company before investing.
  • Do a background check of the company before putting money into it.
  • Companies may change the interest rates on the fixed deposit schemes without any prior notice.
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