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Savings
Fixed Deposit
Fixed Deposits
A Fixed Deposit (FD) is a financial instrument provided by financial institutions which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
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Introduction
Introducing Corporate Fixed Deposits
An investment option offered by the Financial institution or NBFC`s that earns a fixed rate of return over a period of time. The return are usually higher than the Bank`s FD. Credit rating of the company plays the significant role in investor`s decision.
It offers the potential to earn compounding interest on your money by reinvesting the principal amount along with the interest earned. In terms of flexibility you can choose the tenure ranging from 6 months to 8 years and opt for the interest frequency as per your requirement; most issuer offer monthly, quarterly, bi annual, or annual cumulative deposits.
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Features of Corporate Fixed Deposits
Following are the basic features of the Corporate Fixed Deposits
| Eligibility | : Indian |
| Entry Age | : Above 18 years, guardian can open the account in the name of minor too |
| Investment | : Minimum investment requirement is of Rs. 10000 and there is no limit for the maximum investment |
| Interest | : Depend upon the issuer and its rating along with the investment tenure |
| Account Holding | : Account holding could be an individual or joint or as specified by the issuer |
| Nomination | : Nomination facility is available |
| Exit Option | : Premature withdrawals are permissible |
| Taxation | : There is no tax concession or benefit on either of the amount invested or on the interest earned on the investment. |
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