COMPANY FIXED DEPOSITS


What are Company Fixed Deposits?

Business fixed deposits or Company Term Deposits are another name for company fixed deposits. Companies, housing finance businesses, or other categories of banking and non-banking financial institutions (NBFCs) provide these. This is a great way for businesses to request money from the general population.

These FDs have excellent credit ratings from organizations like ICRA, CARE, and CRISIL, making them very reliable investments. These ratings indicate relative safety of the money deposited. The advantage for individuals investing in Company deposits is the higher interest rates compared to Fixed Deposits from Banks.

Company FD Schemes Interest Rates 2023: (1-year tenure) -

Company                                           Regular FD Rates              Senior Citizen FD Rates

Kerala Transport Development
Finance Corporation Limited                 6.75% - 7.00%        7.00% - 7.25%
Mahindra Finance                                 6.25% - 7.25%                   6.50% - 7.50%
LIC Housing Finance                                 6.70% - 7.35%                   6.70% - 7.35%
Shriram City Finance                                 7.06% - 8.13%                    Contact  Us
   

Who can apply for Company FD?

  • Individuals
  • NRIs
  • Senior citizens

Documents required for Company FD?

  • PAN card
  • Aadhar card
  • Passport

Age criteria: 

  • Those who are above 18 years
  • Minors can open an account along with a guardian

How to choose Company/ Corporate Fixed Deposits?

  • Check credit rating
  • Check interest rates offered
  • Check the minimum and maximum amounts

There are multiple Business Fixed Deposits with ratings of AAA and Affer consistent yields and significantly lower volatility.

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