Corporate Fixed Deposits
A corporate Fixed deposit is an interest bearing deposit offered to corporate banking customers by banks and accredited financial institutions. Corporate banking clients like large commercial companies, public institutions, government agencies and large non-profit organizations may choose this investment option as a cash management solution that provides the optimal mix of liquidity and surplus returns on funds. It provides an investment stream that contrasts with the retail deposits held by consumers and business deposits held by SMEs (Small & Medium Enterprises). Financial institutions and Non-Banking Companies (NBFCs) also accept such deposits.
Corporate Fixed Deposits provide rate of interest that are higher when compared to banks.
You need not worry about TDS if interest is upto Rs 5000 in a year.
Regular Interest Incomes
Be assured of regular income monthly, quarterly, half-yearly or yearly.
You can choose tenure ranging from 6 months to 7 years.