Corporate Fixed Deposits are a good alternative to Bank Fixed Deposits as they offer better returns. Corporate Fixed Deposits are just like Bank Fixed Deposits. These companies' Fixed Deposits are known as 'Corporate Fixed Deposits' or ' Company Fixed Deposits'. The investor gets the interest on the basis of the Corporate Fixed Deposits plan that they choose.
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Provides easy access to an array of Corporate Fixed Deposit options from trusted companies.
Perfect opportunity to earn attractive interest rates that are often higher than traditional bank fixed deposits.
Choose from multiple deposit plans offering competitive returns with flexible tenures.
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Investing in Fixed Deposits is simple, secure, and designed to provide guaranteed returns with flexible investment options.
As per the recognition of RBI Banks, NBFCs such as Bajaj Finance, Mahindra & Mahindra Finance , HDFC, PNB Housing Finance can issue Fixed Deposits for a fixed tenor at a fixed interest rate.
An investor can make a selection of Fixed Deposits taking into consideration various parameters such as interest frequency, returns, maturity, ratings and much more.
Investors can choose to invest in multiple interest options namely cumulative interest or non-cumulative fixed deposit scheme.
The individuals with an income below the tax slab rate can submit a 15G or 15H form with the bank or NBFC for requesting no-TDS deduction on the interest earned.
Explore the important aspects of Corporate Fixed Deposits including Features, Suitability and Taxation.
What makes a Corporate Fixed Deposits plan a profitable venture is the higher rate of interest. Corporate fixed schemes always have higher interest rates than bank FDs.
The penalty period in case of early withdrawal in Corporate Fixed Deposits is lower. According to the RBI rules if one withdraws a Corporate Fixed Deposits within a minimum tenure of three months then, the individual is liable to bear the penalty. The charges for penalty and tenure vary depending upon the Corporate Fixed Deposits schemes.
Under the Corporate Fixed Deposits, an individual gets an interest amount based on the rate of interest decided. The inflation or situation of the market does not have any effect on the interest rates or interest payouts.
An investor can utilize Corporate Fixed Deposits to meet short-term important goals like travelling, buying a new car, buying valuables for your spouse, and much more.
For emergency purposes also Corporate Fixed Deposits are one of the most advantageous investment alternatives as the funds are not only invested in a relatively safe avenue but also earning till the time they need to be used.
If you are a senior citizen then, you may also get an additional 0.5%(approx) on your Fixed Deposits depending on which Corporate FD plan and tenure is chosen.
The interest income from the Corporate Fixed Deposits is taxable as per the taxable slab rates; if the income from Fixed Deposits in a financial year is more than Rs. 5,000.
A TDS at the rate of 10% will be deducted on the interest earned from the Corporate Fixed Deposits. An additional 30% TDS is surcharged for NRI investors.
One can claim a TDS waiver on interest earned on a Corporate Fixed Deposit by submitting 15G or 15H (in the case of senior citizens). The form is applicable only for Indian citizens with an income below the taxation limit.