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    Best corporate Fixed Deposit Schemes for 2015

    Corporate fixed deposit schemes are deposits placed with non-banking financial companies. The most striking feature of these deposits is that these are offered at a higher rate of interest than regular bank fixed deposit schemes. However, the risk associated with these deposits is higher since the money is invested in these deposits is used by companies to raise funds for meeting capital needs. Thus, the returns on these deposits is linked directly to the performance of the company.

    Taking into account this feature of company fixed deposits, these are rated by popular rating agencies like CRISIL and ICRA. The rating of a company fixed deposit signifies how safe and profitable it is to invest in that particular deposit. AAA or AA ratings are what indicate a high level of safety. The top company FD schemes in India currently are listed in the table below.

    S.No.

    FD Scheme

    Credit Rating

    Interest Rate Offered

    Deposit Tenure

    1

    DHFL Ashraya Deposit Plus

    BWR rating is FAAA

    Crisil rating is CAAA

    9.5% to 9.85% per annum

    1-10 years

    2

    PNB HFL Deposit Scheme

    Crisil rating is CAAA

    8.8% to 9.15% per annum

    1-10 years

    3

    Bajaj Finance Ltd.

    Crisil rating is FAAA

    IRDA rating is MAAA

    9.25% to 10.0% per annum

    1-5 years

    4

    Mahindra Finance Fixed Deposit

    Crisil rating is FAAA

    8.4% to 9.25% per annum

    1-5 years

    5

    Shriram Transport Finance Unnati FD Scheme

    Crisil rating is FAA+

    IRDA rating is MAA+

    8.65% to 9.75% per annum

    1-5 years

    The above listed company fixed deposit schemes are the ones that have been doing the best in the Indian market. Customers also have put a lot of faith in these deposits and have managed to earn considerable returns. Credit rating agencies like IRDA and CRISIL have rated the schemes mentioned above as safe deposit instruments with low risk and high return as their most prominent features.

    • DHFL Ashraya Deposit Plus
    • DHFL is one of the most popular NBFC institution in India. The company offers a variety of financial products and services to customers. DHFL fixed deposit schemes offer lucrative rates and flexible tenures to customers. High credit rating by CRISIL and IRDA make this deposit really safe and profitable to hold.

      Eligibility: All individuals, Hindu Undivided Families, Association of persons or firms can invest in this fixed deposit. NRIs too can apply for this fixed deposit but on a non-repatriation basis. Senior citizens who avail this deposit get to enjoy 0.25% over and above the regular interest rate being offered to customers

      Minimum Deposit Amount: Rs.10,000 for cumulative interest options and Rs.20,000 for monthly/quarterly/half-yearly/yearly interest pay out options

      Premature withdrawal: Available but with some respective terms and conditions

      Tax Deduction: Tax is deducted if the interest earned in a year is greater than Rs.5000

    • PNB HFL Deposit Scheme
    • PNB HFL deposit schemes are ideal for customers who want to grow their money at a higher rate than that offered by traditional bank FDs. These deposits are rated well by the most popular rating agencies of India.

      Eligibility: All individuals, Hindu Undivided Families, Association of persons or firms can choose to avail this fixed deposit. NRIs can also avail this fixed deposit but on a non-repatriation basis. Senior citizens holding this deposit get to enjoy 0.25% over and above the normal interest rate payable to customers

      Minimum Deposit Amount: Rs.20,000 for cumulative interest options and Rs.20,000 for yearly interest pay out options

      Premature withdrawal: Available subject to terms and conditions of PNB HFL Ltd.

      Tax Deduction: Tax is deducted if the interest earned in a year is greater than Rs.5000. TDS is deducted on the total interest amount received in a financial year.

    • Bajaj Finance Ltd.
    • Bajaj Finance is a well-known name in the world of NBFCs. The company offers several financial products to customers. The deposits schemes offered by Bajaj Finance are safe and offer high returns.

      Eligibility: All individuals, Hindu Undivided Families, Association of persons or firms can hold this fixed deposit. This scheme can be subscribed to by NRIs but on a non-repatriation basis. Senior citizens get to enjoy 0.25% more over the regular interest rate offered to customers of this deposit scheme.

      Minimum Deposit Amount: Rs.50,000 for customers from rural and semi-urban sectors while it is Rs.1.5/Rs.1 Lakh for customers from metro cities and urban centers

      Premature withdrawal: Pre-closure can be sought subject to terms and conditions

      Tax Deduction: Tax is deducted if the interest earned in a year is greater than Rs.5000. This tax is deducted on the whole interest amount and not just on the interest amount that is greater than Rs.5,000.

    • Mahindra Finance Fixed Deposit
    • Mahindra finance is the financial subdivision of Mahindra and Mahindra. The company offers good deposit schemes which serve the dual purpose of raising capital for Mahindra Finance and offering returns to customers.

      Eligibility: Mahindra Finance FD scheme can be availed by individuals, Hindu Undivided Families, Association of persons or firms. NRIs also can get this fixed deposit but on a non-repatriation basis. Mahindra Finance offers 0.25% higher rate of interest to senior citizen customers who avail this deposit scheme

      Minimum Deposit Amount: Rs.10,000 for cumulative interest options, Rs.25,000 for half-yearly interest pay out option and Rs.50,000 for yearly interest pay out

      Premature withdrawal: Deposit can be withdrawn prematurely based on terms and conditions

      Tax Deduction: Tax is deducted if the interest earned in a year is greater than Rs.5000

    • Shriram Transport Finance Unnati FD Scheme
    • Shriram Finance is one of the biggest transport finance companies of India. The company has been consistently performing well with its deposit schemes and customers have considerably profited from these fixed deposit schemes.

      Eligibility: All individuals, Hindu Undivided Families, Association of persons or firms can invest in this fixed deposit. NRIs too can apply for this fixed deposit but on a non-repatriation basis. Senior citizens who avail this deposit get to enjoy 0.25% over and above the regular interest rate being offered to customers

      Minimum Deposit Amount: Rs.10,000 for cumulative interest options and Rs.20,000 for monthly/quarterly/half-yearly/yearly interest pay out options

      Premature withdrawal: Available but with some respective terms and conditions

      Tax Deduction: Tax is deducted if the interest earned in a year is greater than Rs.5000

    Most significant parameters used to choose best corporate deposits

    Corporate FD ratings are extremely necessary in order to sensitize customers about the risks and returns associated with company fixed deposit schemes. Corporate FDs and rated AAA, AA+ and so on based on their performance against these parameters. Some of the most significant parameters (credit rating scale) used to choose the best corporate deposits are mentioned below.

    • Deposits from well-established companies are generally rated higher since the risk is lower. However, the risk of loss can only be minimum and can never be zero or NBFC fixed deposits since a lot depends upon market movement.
    • Companies that offer higher than 9% per annum are typically on the top since any rate below 9% is comparable to bank deposits and hence loses the edge that corporate FDs are supposed to have in terms of higher returns.
    • Companies with top credit ratings like CAAA, MAAA are considered in the top instead of those who have lower credit ratings.

    Best corporate Fixed Deposit Schemes for 2015 Reviews

    • SBI Fixed Deposit
      "Good FD account"
      0.5 5.0/5 "Blown Away!"
      I have invested the fixed deposit with State bank of India. Since the branch is nearest by my home and they have given me a locker facility hence i have chosen the fixed deposit with SBI. Overall, I'm very much satisfied with the services with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2019
    • YES Bank Fixed Deposit
      "Fraud by Yes Bank"
      0.5 1.0/5 "Really Bad"
      Yes Bank has not credited Interest for my Fixed Deposit. On enquiring they gave me a story that the interest amount has been adjusted towards TDS. They have not provided credit entry for the interest and the debit entry for the TDS respectively.
      Was this review helpful? 2
      , bhopal
      Reviewed on Jan 11, 2019
    • ICICI Bank Fixed Deposit
      "Smart Investment"
      0.5 5.0/5 "Blown Away!"
      In ICICI fixed deposit interest rate is around 6.75% per annum, I opened the FD through online. I have invested Rs. 1 lakh they wont take any charges for the pre matured fixed interest. I believe the interest rate is good compared to the government bank.
      Was this review helpful? 2
      , yamuna nagar
      Reviewed on Jan 10, 2019
    • Kotak Fixed Deposit
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I am having a Fixed Deposit account with Kotak Mahindra bank, they provide good services when compared to other banks. I get good interest rate in returns after the maturity period which is after 3 years. Customer support is average with Kotak Mahindra bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 10, 2019
    • HDFC Bank Fixed Deposit
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit account with HDFC Bank. The process to open this account is easy. I can do it online. They also offer a good rate of interest on the account. The bank has always been up to the mark to ban with. It is very convenient and easy.
      Was this review helpful? 3
      , noida
      Reviewed on Jan 09, 2019
    • IOB Fixed Deposit
      "Better Banking Experience"
      0.5 4.0/5 "Great!"
      I have invested a fixed deposit with Indian Overseas Bank. My wife has recommended me about this bank since she is working over there. I invested the money of Rs. 50000. I don't remember about the tenure period. Before 1 years, i have invested the money with them.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Jan 09, 2019
    • ICICI Bank Fixed Deposit
      "Good Deposit"
      0.5 5.0/5 "Blown Away!"
      I have invested a fixed deposit with ICICI. There is no reason for selected this bank. They have offered me a interest rate of 6.5% and there is no processing fee. I have invested the money 8 months before. This is a one year plan. I'm happy about the services provided by the ICICI for this account
      Was this review helpful? 1
      , thane
      Reviewed on Jan 04, 2019
    • Corporation Bank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      I had account with Corporation Bank and its very old one. I put fixed deposit before 3 to 4 years. The interest rate was around 7% which was minimum compared to others but am satisfied. I have deposited for 5 years. Actually have not taken any benefits, just have invested. The customer service was okay.
      Was this review helpful? 3
      , pune
      Reviewed on Jan 04, 2019
    • HDFC Bank Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I do have a fixed deposit account with HDFC Bank. They are giving good interest. I can manage this account on line. I have chosen HDFC because of bank financial is good. I have just started long time, The process was very quick and it was done through on line.
      Was this review helpful? 4
      , thane
      Reviewed on Jan 02, 2019
    • SBI Fixed Deposit
      "Best Investment plan"
      0.5 5.0/5 "Blown Away!"
      I have taken fixed deposit account in State Bank Of India . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Dec 29, 2018
    • review Fixed Deposit
      "Good online features on FD"
      0.5 5.0/5 "Blown Away!"
      In Saraswat bank they are providing the interest around 7% per annum, the minimum amount Rs. 5000 to max, still my FD is running with this bank. The online options are excellent without visiting I can track the interest and deposit amount through online.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 17, 2018
    • HDFC Bank Fixed Deposit
      "Convenient FD with HDFC"
      0.5 5.0/5 "Blown Away!"
      In HDFC I can deposit for minimum of Rs. 5000 to max amount. I done the investment of one time payment around Rs.6 lakhs. I can chose the tenure period based on the convenient, it gives the interest of 7% its maximum. I can open and close the account through online.
      Was this review helpful? 6
      , pune
      Reviewed on Dec 17, 2018
    • SBI Fixed Deposit
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had made this investment pretty long time back and the services which they had provided so far has been good. The interest rate with them has been good and the growth with the investment has also been good. Their customer support has been helpful in guiding with everything.
      Was this review helpful? 9
      , bangalore
      Reviewed on Dec 14, 2018
    • YES Bank Fixed Deposit
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good service which they had been providing so far and i had started this investment a log time back. Their customer support has been helpful in guiding me in the investment plans and explaining with the growth of the investment. The interest rate with them has also been good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 14, 2018
    • Citibank Fixed Deposit
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      I had started this investment a pretty long time back and they had been providing a good service. Their customer support has not been responsive and i do not suggest any one to make an investment through them. There has not been a good growth with the investment.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 14, 2018
    • SBI Fixed Deposit
      "Good Investment Plan"
      0.5 4.0/5 "Great!"
      I have taken fixed deposit account in STATE BANK OF INDIA . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 12, 2018
    • Post Office Fixed Deposit
      "Good investment plan"
      0.5 5.0/5 "Blown Away!"
      I have started investing in the fixed deposit almost more than 5 years. I have invested a variable amount in different times. They have offered me a interest rate of 7.5%. The response was good. I have chosen the post office because of the safe and security.
      Was this review helpful? 14
      , guwahati
      Reviewed on Dec 12, 2018
    • YES Bank Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Yes bank and the interest rate they have given me is good, also the customer service is good too they have co-ordinated with me well they time to time update me about there date of pay my next fixed deposit date.On line banking services are fine one too and am really happy with them.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Axis Bank Fixed Deposit
      "Average bank to avail fixed deposit"
      0.5 4.5/5 "Excellent!"
      I have chosen the Axis bank for my fixed deposit. I have deposited around of Rs. 50000. Since they are providing very good services in their branch. They have offered me a interest rate of 6.5%. I put the money in 2015. I have visited their branch many times and the service is very much prompt. I had no issues with them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 11, 2018
    • ICICI Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is with ICICI Bank. I had to go to the bank and meet the executive and open the account. I can close the account online. There is a lock in period for 12 to 13 months. The interest I earn is satisfactory. I have a deposit of 70K. Overall good.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 07, 2018
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