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    Best corporate Fixed Deposit Schemes for 2015

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 20 Years
    5.25% - 8.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% to 7.85% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.5% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    6% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.75% - 7.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.25% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.75% - 7.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    7.25% - 7.4% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Close

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    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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