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Company Fixed Deposit:

Company Fixed Deposit:Company or corporate fixed deposit are deposits placed in companies for a fixed term on a prescribed rate of return. These kinds of deposits always offer 2-3% higher interest rate compared to the Bank Deposit Rate. The tenure of deposits can be as low as six months and as much as 10 years.

Company deposits schemes comes with all that benefits, returns that you would want from your investments. Key features:

  • Attractive rate of interest
  • Short term deposits facility as per individual needs
  • Minimal lock in period of 6 months
  • Exemption from taxes if the interest income is up to 5,000/-
  • Diversification across portfolio

Which companies can accept deposits?

Companies registered under the Companies Act 1956, such as:

  • Manufacturing Companies
  • Non-Banking Finance Companies
  • Housing Finance Companies
  • Financial Institutions
  • Government Companies