Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    We found 112 Best corporate Fixed Deposit Schemes for 2015

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 8% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.35% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.15% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.5% - 7.10% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.25% - 6.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.35% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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  • Best corporate Fixed Deposit Schemes for 2015 Reviews

    • HDFC Bank Fixed Deposit
      "Best"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the HDFC bank and the interest rate is common one with every bank like it used to get varied up to 0.5% . Penalty charges are nil with them for the premature withdraw, which is the really good one.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      When I have started to deposit the money I was getting good interest rate but know the rate of interest is decreased with SBI Fixed deposit. I have started the fixed deposit around 6 years ago with SBI. Initially I got around 9.5% as interest rate but now I am getting only 7.5% interest rate. The service with State is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Canara Bank Fixed Deposit
      "Good"
      0.5 2.5/5 "Just OK"
      I am having the fixed deposit account with the Canara bank and the rate of interest is around 8.5%, which was very lesser one on that time. Total tenure is around three years of time, also the penalty charges are not really huge. Customer service is not really up to the mark.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • IDBI Fixed Deposit
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I would suggest IDBI bank is the best one to get the fixed because of the good rate of interest . Customer service is good one and am with them from the last three years of time. Penalty charges are lesser one with the m for the premature withdraw.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • ICICI Bank Fixed Deposit
      "Good Indian bank"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the ICICI bank and the interest rate is around 6.5% per annum , also the maturity period is also one year of time. Customer service is also a good one with the ICICI bank, also the response too. Online banking services are also working in good way and am very familiar with them till now.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 16, 2017
    • Axis Bank Fixed Deposit
      "Its good investment"
      0.5 4.5/5 "Excellent!"
      I have invested one lakh in fixed deposit with AXIS bank. Its going to matured in this august, Then I would be getting around Rs.1.12,000. I have opened this FD through online and I will be getting the amount same to my account. AXIS gave me premature withdrawal, I can close whenever I want.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2017
    • Canara Bank Fixed Deposit
      "For common man"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the Canara bank and am using it from the last ten years of time. Customer service aspects are good one with them and the online banking services are not really working in a good according the new generation bankers. The interest rate is around 7.25% as of now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
    • YES Bank Fixed Deposit
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Yes bank and the interest rate is around 6.5% above and the customer service is not yet experienced because everything used to dealt with through online experience. I have not faced any server down issues with the Yes bank.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jun 12, 2017
    • HDFC Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the HDFC bank and the services are always an excellent one. I have opened the account on immediate basis like everything used to get happened in instant way. Rate of interest is around 6.5% and the response is an excellent one.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 09, 2017
    • Vijaya Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Vijaya bank and the interest rate is around 6.5% and the customer service is good one , also they are nearby my locality and also the access is really friendly. Online services are good one with the Vijaya bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 09, 2017
    • Central Bank of India Fixed Deposit
      "Fund transfer"
      0.5 0.5/5 "Unacceptable"
      The worst banking system I have ever seen. if i want to transfer amt to other bank through IFSC they can't detect the bank or automatically logged out .if I want current statement they can't.net banking automatically logged out.if i go for pass book entry server down problem. if I go to ATM only 2k available etc...
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 01, 2017
    • SBI Fixed Deposit
      "Very good in services"
      0.5 5.0/5 "Blown Away!"
      When I wanted to open a fixed deposit account at State Bank of India. I did not have to visit the bank. I opened the account online and though the rate of interest is not that appealing. I am happy with the overall experience and process and the convenient banking process.
      Was this review helpful? 8
      , guwahati
      Reviewed on May 31, 2017
    • SBI Fixed Deposit
      "Convenient to Hold"
      0.5 4.0/5 "Great!"
      It has been two years when I opened fixed deposit with State bank of India. The period is for five years. Since I completed two years, three years to go. Interest rate is of 11%. Actually SBI is located near to my house so I feel more comfortable in visiting the bank at any instance. All the staffs are very friendly and very cooperative.
      Was this review helpful? 5
      , visakhapatnam
      Reviewed on May 25, 2017
    • SBI Fixed Deposit
      "Secured investment"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks SBI offering good interest rate on fixed deposit, they offered me 7.95% of interest. I have the amount of Rs. 2.4 lakhs for the tenure of three years. After the maturity period I got the amount around 2.9 lakhs. I am very much fine with that.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 24, 2017
    • Karur Vysya Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the fixed deposit account with the Karur Vysya bank and the account got opened within one to two days of time. Tenure is for five years of time and after that it will be get matured. Rate of interest was around 8.5% to 9% on that time with the tax redemption.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2017
    • Karnataka Bank Fixed Deposit
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I have an account for fixed deposit only with Karnataka bank. I have deposited around fifty five lakhs. I bank with Karnataka for more than twenty years, even my family members are having an account with the same bank. Their services are really good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • ICICI Bank Fixed Deposit
      "Good one"
      0.5 3.5/5 "Pretty good"
      I have fixed deposit account with the ICICI bank and I got it from them because I had the salary account with them. Within two days of time fixed deposit account got opened and the maturity period is around one year of time. Interest rate is around 8% with them and am not that much happy with that. I would like to suggest that they can increase the rate of interest for the deposits.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Fixed Deposit
      "Too much of process involved"
      0.5 2.5/5 "Just OK"
      At other private bank a fixed deposit could be opened online and a customer does not have to visit the bank. In my case I had to visit State bank of India to open a fixed deposit and it has a lot of process involved. Like wise to close the same it is the same scenario.
      Was this review helpful? 6
      , pune
      Reviewed on May 10, 2017
    • SBI Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the State bank of India and the interest rate is around 6.2% for the tenure of five years of time. I have opened this account through online, so it got happened very immediately. Charges are nil with them and I can get the money withdrawal in fraction of seconds.
      Was this review helpful? 5
      , pondicherry
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Long back I had Fixed deposit account with State bank of India. I selected the tenure period for six years. The bank had fixed a good rate of interest. At last I received the money with the promised interest amount. I am much satisfied with SBI for the FD service.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 09, 2017
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    Best corporate Fixed Deposit Schemes for 2015 is Rated as "Excellent!" by 1751 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    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.
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