Products Corporate Fixed Deposits
Corporate fixed deposit is a deposit in company for a fixed rate of return over a fixed period of time. The rate of interest is determined by the tenure of the deposit as well as other factors. NBFC’s, Housing Finance & Manufacturing companies accept such deposits. The corporate fixed deposit is governed by section 58A of the Companies Act. Corporate fixed deposit is a good option for investment as it provides higher rate of interest compared to bank deposits.
It is a good source of regular income by means of monthly, quarterly, half-yearly, or yearly interest incomes.Performance of the company should be reviewed from time to time and at the maturity of deposit, by analyzing Balance Sheet & Share Prices movement. This will be helpful in deciding whether the deposit should be renewed or not.
| Company Name | Rating | 12M | 15M | 18M | 22M | 24M | 30M | 36M | 44M | 48M | 60M | Who Can Apply | Download Form |
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| Bajaj Finance Ltd. (Ind & HUF)(upto Rs. 5 Cr) | CRISIL: FAAA, ICRA: MAAA | 5.75% | - | - | - | 6.40% | - | 7.00% | - | 7.00% | 7.00% |
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| HDFC Ltd- Regular Deposit for Individual (upto Rs.2 Cr.) | CRISIL: FAAA, ICRA: MAAA | 5.55% | - | - | - | 5.95% | - | 6.20% | - | 6.20% | 6.50% |
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| HDFC Ltd- Regular for Individual & Trust (>Rs.2 Cr to Rs. 5 Cr) | CRISIL: FAAA, ICRA: MAAA | 5.45% | - | - | - | 5.75% | - | 6.15% | - | 6.15% | 6.25% |
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| HDFC Ltd-Premium Deposit for Trust & HUF (upto Rs. 2 Cr.) | CRISIL: FAAA, ICRA: MAAA | - | 5.75% | 5.85% | - | - | 6.00% | - | - | - | - |
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| HDFC Ltd-Premium Deposit for Indiviual (upto Rs. 2 Cr.) | CRISIL: FAAA, ICRA: MAAA | - | 5.80% | 5.90% | 6.05% | - | 6.10% | - | 6.45% | - | - |
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| HDFC Ltd-Special Deposit for Individual (upto Rs. 2 Cr.) | CRISIL: FAAA, ICRA: MAAA | - | - | - | - | 33M=6.35% | - | - | - | 66M=6.70% | 99M=6.80% |
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| HDFC Ltd-Special Deposit for Trust & HUF (upto Rs. 2 Cr.) | CRISIL: FAAA, ICRA: MAAA | - | - | - | - | 33M=6.20% | - | - | - | 66M=6.60% | 99M=6.70% |
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| ICICI Home Finance (less than 2 Cr.) | CRISIL: FAAA, ICRA: MAAA, CARE: AAA | 5.25% | - | - | - | 5.65% | - | 6.10% | - | 6.10% | 6.55% |
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| KTDFC (Kerala Transport) | Kerala Govt. | 6.00% | - | - | - | 6.00% | - | 6.00% | - | 5.75% | 5.75% |
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| LIC Housing Finance Ltd.(upto Rs. 20 Cr.) | CRISIL: FAAA | 5.15% | - | 5.50% | - | 5.65% | - | 5.90% | - | - | 6.00% |
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| M&M Financial services Ltd (upto Rs. 1 Crore) | CRISIL: FAAA | 5.50% | - | - | - | 6.20% | - | 6.30% | - | 6.45% | 6.45% |
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| PNB Housing Finance Ltd.(upto Rs. 5 Cr.) | CRISIL: FAA+, CARE: AA+ | 5.75% | - | - | - | 6.15% | - | 6.60% | - | 6.70% | 6.85% |
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| Shriram Transport Finance-Unnati Scheme | CRISIL: FAAA, ICRA: MAA+ | 6.50% | - | - | - | 6.75% | - | 7.50% | - | 7.60% | 7.75% |
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| Shriram City Union Scheme | ICRA: MAA+; CARE: AA | 6.50% | - | - | - | 6.75% | - | 7.50% | - | 7.60% | 7.75% |
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| HDFC Ltd- Regular for Individual & Trust (>Rs.5 Cr to Rs. 10 Cr) | CRISIL: FAAA, ICRA: MAAA | 5.20% | - | - | - | 5.75% | - | 5.95% | - | 5.95% | 6.15% |
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| HDFC Ltd- Regular Deposit for Trust & HUF (upto Rs.2 Cr.) | CRISIL: FAAA, ICRA: MAAA | 5.45% | - | - | - | 5.85% | - | 6.10% | - | 6.10% | 6.40% |
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