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Banks provide opportunities to grow their wealth at a steady and fixed phase by offering Fixed / Reccuring Deposits.​
Bank Deposits are Secured under DICGC*
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RBI permits selective corporates & NBFCs to accept deposits for a fixed interest rate and tenure. Such deposits are called Company or Corporate Fixed Deposit.
Corporate Fixed Deposits are not Secured under DICGC*
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*The DICGC insures deposits up to ₹5 lakhs per depositor, per bank, including principal and interest. This includes savings, fixed, current, and recurring deposits. The insurance is automatic and doesn't require any separate registration.
Safety
Fixed Income
Compounding
Promotes Saving
Cumulative Deposits - The interest amount is compounded over the term of the deposit and paid at maturity.
​Provides a lump sum at the end of the deposit tenure.
Ideal option to accumulate funds for future requirements and maximize returns.
Non-Cumulative Deposits - The interest amount is payable on a monthly, quarterly, semi-annual or annual basis.
Provides a regular periodic interest income, either on a quarterly or a half-yearly basis.
Ideal to plan the fund requirements at the end of each quarter/half-year.
Bank / Corporate Name | Credit Rating | Interest Rate | Sr. Citizen | Additional Incentive | Tenure (months) | Apply | |
|---|---|---|---|---|---|---|---|
HDFC Bank Ltd | FAAA | 4.95% - 6.65% | 0.25% | Yes | 12-120 | Offline | |
ICICI Housing Finance | FAAA | 5.10% - 6.65% | 0.25% | No | 12-120 | Offline | |
Mahindra Finance | FAAA | 5.30% - 6.45% | 0.25% | Yes | 12-60 | Offline | |
Bajaj Finance | FAAA | 5.65% - 6.50% | 0.25% | Yes | 12-60 | Online | |
PNB Housing Finance | FAA+ | 5.90% - 6.70% | 0.25% | No | 12-120 | Offline | |
Shriram Transport Finance Company Ltd | FAA | 6.31% - 7.75% | 0.30% | Yes | 12-60 | Offline |
Click here to download the consolidated interest rate slip.
Note:
Interest Rate and Tenure are for information purposes only. Please confirm prevailing rates before placing the Deposits.
In case of TDS Exemption Required, please update Form 15 G /Form 15 H for each financial year for the relevant deposits.
Interest rates shown above are for Retail deposits for Individuals only(inc. NRI).
Please contact us for Bulk Deposits Rates.
Please contact us for investments of Trusts, Companies and applicable Deposit Rates