COMPANY FIXED DEPOSITS


What are Company Fixed Deposits?

Company fixed deposits are also called corporate fixed deposits. Corporate/ Company FDs are also known as company term deposits. These are offered by companies, housing finance firms, or other types of Banking and Non-Banking financial companies (NBFCs). This is an excellent strategy for businesses/ companies to raise money from the general public.

These are highly credible FDs with good credit ratings rated by agencies like ICRA, CARE, and CRISIL.

Company FD Schemes Interest Rates 2023: (1-year tenure) - 





Who can apply for Company FD?

  • Individuals
  • NRIs
  • Senior citizens

Documents required for Company FD?

  • PAN card
  • Aadhar card
  • Passport

Age criteria: 

  • Those who are above 18 years
  • Minors can open an account along with a guardian

How to choose Company/ Corporate Fixed Deposits?

  • Check credit rating
  • Check interest rates offered
  • Check the minimum and maximum amounts

A variety of AAA and AA-rated Business Fixed Deposits are available, providing stable returns and greatly reducing volatility.

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