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Corporate Deposits
Corporate deposits or company fixed deposits are term deposits wherein you put your money for a fixed tenure at a fixed rate of interest.
Fixed deposits have been the most sought-after saving option for many generations to this day. They are the simplest financial instruments to understand. That makes them a favorite of most Indian households. Almost everyone knows how they work. You deposit some money with a bank and earn interest on it. That’s it.
Corporate deposits or company fixed deposits are term deposits wherein you put your money for a fixed tenure at a fixed rate of interest. They are offered by non-banking financial companies (NBFCs) and other financial institutions. Compared to a regular bank fixed deposit, they fetch a higher rate of interest.
Yes, a corporate fixed deposit is a good investment because it offers assured returns at higher interest rates than most banks and allows you to take loans in times of emergency
In the corporate fixed deposit, the tenure period is to the most six months to 5 years, while the tenure period in bank fixed deposit is from months to years and much longer than what corporate fixed deposit offers.
Corporate FDs hold a great chance for those who wish for higher returns, and besides, it also diversifies the investment. They offer higher interest rates than bank FDs. They can be compared on an operational and rating basis, making it easier to choose a potential company for corporate FD.
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