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Fixed Deposit
Fixed Deposits
Fixed deposits are among the most widely used investment choices in India. Like bank FDs, corporate FDs are also term deposits that have fixed terms and fixed interest rates, and they are offered by companies, non-banking finance companies (NBFCs), and housing finance companies (HFCs). Compared to bank FDs, they provide better rates.
PNB Housing Finance
Rating
FAAA
Tenure
1-5 Years
Rate of Interest
6.79% – 8.00%
Why should you consider investing in corporate fixed deposits?
Frequently Asked Questions (FAQs)
A corporate fixed deposit is a type of investment where an investor can deposit a sum of money with a company for a fixed period, at a fixed rate of interest. The interest rate is usually higher than bank fixed deposits.
Corporate fixed deposits are relatively safe, but there is always some degree of risk involved. It is important to do your due diligence and research the credit rating and financial health of the company before investing.
The interest earned on corporate fixed deposits is taxed at the investor’s slab rate of income tax. TDS (Tax Deducted at Source) is also applicable on interest earned on corporate fixed deposits.
The minimum investment amount for corporate fixed deposits varies from company to company. It can be as low as Rs. 10,000 and can go up to Rs. 10 crore or more.
The tenure of corporate fixed deposits can range from a few months to several years, depending on the company’s policies.
Yes, most corporate fixed deposits can be withdrawn prematurely, but there are prematurity charges for doing so. It is important to check the terms and conditions of the investment before investing.
If the company defaults on payment, the investor may lose their entire investment. This is why it is important to invest in companies with good credit ratings and a track record of financial stability.
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Authorised Distributor
RR is a Pioneer National Distributor of Corporate Fixed Deposits for the last 35 years. We have a pan-India presence through a network of offices and collection centers.
All the above terms are subject to change without any prior notice, it is advisable to confirm ROI before making the payment/investment. You are advised to independently verify the data of Investee Company and their rating from the rating agencies, RR is not liable for soundness of any investee company or investments made through it. (Disclaimer)
FD Rates of Top 5 Private Banks
| Tenor Bucket | Deposit less than 2 Crore | |
|---|---|---|
| Interest Rate (per annum) | **Senior Citizen Rates (per annum) | |
| 7 – 14 days | 3.00% | 3.50% |
| 15 – 29 days | 3.00% | 3.50% |
| 30 – 45 days | 3.50% | 4.00% |
| 46 – 60 days | 4.50% | 5.00% |
| 61 – 89 days | 4.50% | 5.00% |
| 90 days < = 6 months | 4.50% | 5.00% |
| 6 months 1 days <= 9 months | 5.75% | 6.25% |
| 9 months 1 day to < 1 year | 6.00% | 6.50% |
| 1 year to < 15 months | 6.60% | 7.10% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to < 21 months | 7.00% | 7.50% |
| 21 months – 2 years | 7.00% | 7.50% |
| 2 years 1 day – 3 years | 7.00% | 7.50% |
| 3 year 1 day to – 5 years | 7.00% | 7.50% |
| 5 year 1 day – 10 years | 7.00% | 7.75%* |
| Tenor Bucket | Interest rates (per cent per annum) w.e.f. February 24, 2023 Single deposit of less than ₹20.0 million |
|
|---|---|---|
| General | **Senior Citizen | |
| 7 – 14 days | 3.00% | 3.50% |
| 15 – 29 days | 3.00% | 3.50% |
| 30 – 45 days | 3.50% | 4.00% |
| 46 – 60 days | 4.25% | 4.75% |
| 61 – 90 days | 4.50% | 5.00% |
| 91 – 120 days | 4.75% | 5.25% |
| 121 -150 days | 4.75% | 5.25% |
| 151 – 184 days | 4.75% | 5.25% |
| 185 – 210 days | 5.75% | 6.25% |
| 211 – 270 days | 5.75% | 6.25% |
| 271 – 289 days | 6.00% | 6.50% |
| 290 – less than 1 year | 6.00% | 6.50% |
| 1 year – 389 days | 6.70% | 7.20% |
| 390 days to < 15 months | 6.70% | 7.20% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to 2 years | 7.10% | 7.60% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.50% |
| 5 Years (80C FD) – Max to 1.50 lac | 7.00% | 7.50% |
| Tenor Bucket | Interest rates (per cent per annum) w.e.f. March 22, 2023 Single deposit of less than ₹20.0 million |
|
|---|---|---|
| General | **Senior Citizen | |
| 7 – 14 days | 2.75% | 3.25% |
| 15 – 30 days | 3.00% | 3.50% |
| 31 – 45 days | 3.25% | 3.75% |
| 46 – 90 days | 3.50% | 4.00% |
| 91 – 120 days | 4.00% | 4.50% |
| 121 – 179 days | 4.25% | 4.75% |
| 180 days | 6.50% | 7.00% |
| 181 – 363 days | 6.00% | 6.50% |
| 364 days | 6.25% | 6.75% |
| 365 – 389 days | 7.00% | 7.50% |
| 390 – less than 2 year | 7.20% | 7.70% |
| 2 years – less than 3 year | 7.00% | 7.50% |
| 3 year – less than 4 year | 6.50% | 7.00% |
| 4 years – less than 5 years | 6.25% | 6.75% |
| 5 years – less than or equal to 10 years | 6.20% | 6.70% |
| Tenor Bucket | Interest rates (per cent per annum) w.e.f. March 22, 2023 Single deposit of less than ₹20.0 million |
|
|---|---|---|
| General | **Senior Citizen | |
| 7 – 14 days | 3.50% | 3.50% |
| 15 – 29 days | 3.50% | 3.50% |
| 30 – 45 days | 3.50% | 3.50% |
| 46 – 60 days | 4.00% | 4.00% |
| 61 days < 3 Months | 4.50% | 4.50% |
| 3 months < 4 months | 4.75% | 4.75% |
| 4 months < 5 months | 4.75% | 5.25% |
| 5 months < 6 months | 4.75% | 4.75% |
| 6 months < 7 months | 5.75% | 6.00% |
| 7 months < 8 months | 5.75% | 6.00% |
| 8 months < 9 months | 5.75% | 6.00% |
| 9 months < 10 months | 6.00% | 6.25% |
| 10 months < 11 months | 6.00% | 6.25% |
| 11 months – 11 months 24 days | 6.00% | 6.25% |
| 11 months 25 days < 1 year | 6.00% | 6.25% |
| 1 year – 1 year 4 days | 6.75% | 7.50% |
| 1 year 5 days – 1 year 10 days | 6.75% | 7.50% |
| 1 year 11 days – 1 year 24 days | 6.75% | 7.50% |
| 1 year 25 days < 13 months | 7.10% | 7.85% |
| 13 months < 14 months | 7.15% | 7.90% |
| 14 months < 15 months | 7.15% | 7.90% |
| 15 months < 16 months | 7.15% | 7.90% |
| 16 months < 17 months | 7.15% | 7.90% |
| 17 months < 18 months | 7.15% | 7.90% |
| 18 Months < 2 years | 7.15% | 7.90% |
| 2 years < 30 months | 7.26% | 8.01% |
| 30 months < 3 years | 7.00% | 7.75% |
| 3 years < 5 years | 7.00% | 7.75% |
| 5 years to 10 years | 7.00% | 7.75% |
| Tenor Bucket | Interest rates (per cent per annum) w.e.f. March 1, 2023 Single deposit of less than ₹2 Crore |
|
|---|---|---|
| General | **Senior Citizen | |
| 1 Year to < 18 Months | 7.60% | 8.10% |
| 18 Months to < 3 Years | 8.10% | 8.60% |
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