Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    Top Performing Company Fixed Deposits

    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
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.65% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    5.5% - 7.45% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4% to 8% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.2% - 7% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.15% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.95% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    7% - 7.1% Quarterly compounding
    Response Time Within 30 minutes
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    Fixed Deposit BYTES FROM OUR KITCHEN

    A company deposit is a form of investment wherein non-banking financial companies or financial institutions accept deposits by investors and offer these investors a fixed rate of return for their deposits for a stipulated period of time. These deposits fall under the governance of Section 58A of the Companies Act. The rate of return offered on these deposits are higher than bank offerings but the increase in profit comes with an increase in risk. Bank fixed deposits are secured deposits whereas company deposits are unsecured. This means that if the company were to default, the investor cannot sell the documents to recover the capital.

    Hence investors always choose the credit rating of various companies before making a company deposit. Companies with a credit rating of AA or AAA indicate the minimum required strength of performance and usually companies with ratings below these indicate poor performance and high risk

    Following are some of the features of Company Fixed Deposits

    The applicant/depositor must be of Indian Nationality and must be above the age of 18 years. In case of minors, the guardians can open the account in the name of the minor.

    The minimum investment amount starts from RS 1000 and there is no maximum limit set.

    The investment tenures vary from company to company but are usually in the range of 1 to 7 years. The interest rate depends on the company or issuer and is affected by a host of factors including credit rating and tenure chosen

    The account type can either be individual or a joint holding. Company deposits allow for nomination as well as early withdrawals but does not provide any form of tax concession.

    Below are a few of the top company deposits based on their credit ratings

    DHFL _ Aashray Deposit (14 months)

    This company deposit has a minimum investment amount of RS 10,000 and offers cumulative interest for a period of 14 months at an interest rate of 9.50%.

    DHFL – Aashray Deposit Plus

    This deposit offered by DHFL has a minimum investment amount of RS 10,000 and provides a cumulative interest for a period of 12 months. The interest rate offered on this company deposit is 9.25%.

    Bajaj Finance Ltd

    This company deposit by Bajaj Finance Ltd has great ratings of FAAA by Crisil and MAAA by ICRA and offers a cumulative interest for a period of 18 months. The interest offered is 9.20 and the minimum investment amount is RS 150,000. The other tenure option offered by Bajaj Finance Ltd is 12 months at an interest rate of 9.10% for the same minimum investment.

    PNB Housing

    This government sector company deposit offers a cumulative interest for a period of 12 months with a minimum investment amount of RS 20,000 and an interest rate of 9.15%.

    HUDCO

    This Company offers deposits for individuals and for trusts. The minimum investment amount is RS 10,000 and it offers a cumulative interest for a period of 12 months at an interest rate of 9%.

    Mahindra Finance Ltd

    The minimum investment amount for this company deposit is RS 10,000 and it offers a cumulative interest for a period of 18 years at an interest rate of 9.25%. The same company also offers deposits for tenures of 12 months at interest rate of 9% for the same minimum investment.

    Shriram Transport Finance Ltd - Shriram Unnati

    This has a minimum investment amount of RS 5000 and offers cumulative interest for a period of 12 months at an interest rate of 9%.

    Sundaram Home Finance (Regular)

    The minimum investment amount for this company deposit is RS 10,000. It offers a cumulative interest for a period of 18 months at an interest rate of 8.75%.

    ICICI Housing Finance - Special Rate

    The company fixed deposit offered by ICICI has a minimum investment amount of RS 10,000 and offers a cumulative interest for a period of 15-20 months at an interest rate of 8.90%.

    HDFC (Individual Deposits)

    The company fixed deposit from HDFC has a minimum investment amount of RS 20,000 and offers cumulative interest for a period of 12 months at an interest rate of 8.70% .

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