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    Best corporate Fixed Deposit Schemes for 2015

    We found 111 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% - 8.15% 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% - 6.9% 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% - 6.4% 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

    • 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? 0
      , 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? 2
      , 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? 4
      , 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? 3
      , hyderabad
      Reviewed on May 09, 2017
    • Bank of Baroda Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had Fixed Deposit account with Bank of Baroda about quite long back. The tenure period is six years and the fixed amount is four to five lakhs. The percentage of interest rate is quite good and they returned the money back with the promised interest amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 09, 2017
    • ICICI Bank Fixed Deposit
      "Average "
      0.5 2.0/5 "Expected more"
      I have withdrawn my fixed deposit account with the ICICI bank and the interest rate was around 7%. It took around one to two hours of time to open the account through online. There are no charges while withdrawing the amount , also it took around one month of time to get it.
      Was this review helpful? 1
      , pudukkottai
      Reviewed on May 08, 2017
    • IDBI Fixed Deposit
      "Very Responsive"
      0.5 4.0/5 "Great!"
      I deposited some amount with IDBI bank as a fixed deposit. Actually I deposited this amount for future savings also I will be getting some good interest rate at the end of the year. I got good support from the bank executives and they provided all the information regarding FD.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • YES Bank Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Yes bank have some banking issues with them I believe. I have savings account, recurring and fixed deposit account with them. I never received quick response from the bank. But the bank is good for my fixed deposit account. Simply I opened an account with them and getting better service on it.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • Kotak Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have savings account with Kotak Mahindra bank. Even I have fixed deposit account as well. The period of FD is for one year. The bank is assigned relationship manager for me as I have so many accounts with them. I got good response from them for my FD. 1 years, 1years, relationship manager
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      Even I have fixed deposit with State bank of India. The tenure period is one year. I deposit certain amount with them as their interest rate is good and incomparable. SBI gives good response to the people and they are very supportive as well. I have no issues with SBI.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • Punjab National Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit with Punjab National Bank. I have deposited ceratin amount on my account. I got good response from the bank when I opened FD. The bank was so supportive and they provided all the information regarding FD. The interest rates too are pretty attractive.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Average "
      0.5 1.0/5 "Really Bad"
      I had invested in fixed deposit with the State bank of India and the interest rate is very less like its around 7.15%, also the returns are also very less, which will be also applicable with the tax. Services provided by them is really not good and I would like to suggest that they need to provide the customer service in a much better way.
      Was this review helpful? 2
      , bhopal
      Reviewed on May 03, 2017
    • SBI Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      In terms of interest rate and everything State Bank of India is fine to have the fixed deposit and the service aspects are working fine with them. I am having this account from the last six to seven years of time and the response is always very good with the State Bank of India.
      Was this review helpful? 2
      , mundra
      Reviewed on May 03, 2017
    • HDFC Bank Fixed Deposit
      "Excellent to Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the HDFC bank and the interest rate is differed according to the offers. All of my deposits will be taken care by my relationship manager. Total tenure is around five years of time and its a kind of small deposits. Net banking services are an excellent one with them.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 26, 2017
    • Punjab National Bank Fixed Deposit
      "Customer service should be good and unique for everyone"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the Fixed deposit and they have provided around 8.5% as interest rate. Services are perfect one for me and I do have good relationship with them because my relatives are working there. Net banking services are also working good and they are started to exhibit most of the services there.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 26, 2017
    • Axis Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit account with the Axis bank and the minimum tenure is around five years of time. Response is a good one with them and everything was done through online. Net banking services are working in an excellent way and it is really wonderful.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 25, 2017
    • HDFC Bank Fixed Deposit
      "My FD"
      0.5 5.0/5 "Blown Away!"
      I had invested in FD with HDFC. The benefits what I get here is huge. I never used to visit the branch . I had got a phone call from them immediately they had sent their representative for the same. He helped me in filling the form and I do have online access and I view all the FD information online itself
      Was this review helpful? 2
      , kolkata
      Reviewed on Apr 20, 2017
    • andhra Bank Fixed Deposit
      "Good one"
      0.5 4.0/5 "Great!"
      Good, I can view all the accounts in one page that is why I had chosen this ANDHRA Bank FD. I have online access too. I can view and change the mat instructions online. I change the principle amount too. I do get a the certificate of interest from them proactively on a yearly basis
      Was this review helpful? 1
      , kurnool
      Reviewed on Apr 20, 2017
    • SBI Fixed Deposit
      "Its Trusted"
      0.5 4.0/5 "Great!"
      I was studying college, I have opened Fixed deposit in SBI, it is located in my college campus. I have submitted pan card, address proof, id proof to them and I have invested the amount of Rs.1,25,000 its for the period of four years, but I am not sure what is the benefit I will get after that maturity period.
      Was this review helpful? 23
      , chandigarh
      Reviewed on Mar 30, 2017
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    Best corporate Fixed Deposit Schemes for 2015 is Rated as "Excellent!" by 1736 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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