Fixed Deposits
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Company Fixed Deposits
Company Fixed Deposit (corporate FD) is a term deposit which is held over fixed period at fixed rates of interest. Company Fixed Deposits are offered by Financial and Non-Banking financial companies (NBFCs). The maturities of various company fixed deposits can range from a few months to a few years.
Choose from multiple company fixed deposits options varying in tenures, interest rates and institutions to suit your investment needs. Avail stable returns and benefit from much reduced volatility through a wide range of AAA rated Company Fixed Deposits.
Benefits of Company Fixed Deposits
The rate of interest is 2-4 percent high, as compared to the interest rate offered by banks on fixed deposits
Depending on the scheme, investors have the option to receive interest at monthly/quarterly/half-yearly/yearly intervals
The minimum lock-in period for most of the schemes is six months, i.e. investors can withdraw their money post six months, anytime
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TDS
TDS is not applicable if interest earned is equals to or less than Rs. 5000 for a year in a single company.
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