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Fixed Deposit

What is a Fixed deposit ?

Fixed deposits are loan arrangements where a specific amount of funds is placed on deposit under the name of the account holder. The money placed on deposit earns a fixed rate of interest, according to the terms and conditions that govern the account. The actual amount of the fixed rate can be influenced by such factors at the type of currency involved in the deposit, the duration set in place for the deposit, and the location where the deposit is made.
Company Fixed Deposits
Fixed Deposits in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits.
Types of Companies offering Fixed Deposits
  • Financial Institutions
  • Non-Banking Finance Companies (NBFCs).
  • Manufacturing Companies
  • Housing Finance Companies
  • Government Companies &You can also go for Fixed Deposits with banks.
Features and Benefits
  • Company Fixed Deposits offer comparatively higher returns than banks
  • Choose the best tenure for you from a wide range as per your convenience.
  • Company Fixed Deposits are non transferable that means there is no fear of FD receipt being stolen. In case it falls into wrong hands, it cannot be misused.
  • Premature encashment of deposit is available any time subject to payment of prescribed penalty.
  • Diversify Risk- The deposits should be spread over a large number of companies engaged in different industries. This way, you'll be able to diversify your risk among various industries/companies.
  • Wide Choices-many companies operating in the Company Deposit market. This will help you decide whether to renew or reshuffle the deposit.
  • Attractive rates as applicable from time to time.
  • You can choose how frequently you want to recieve your interest payment
  1. Maturity
  2. Yearly
  3. Half-yearly
  4. Quarterly
  5. Monthly