| Issuer Name | Rating | Regular Deposit | Senior Citizen Benefit | |||||
|---|---|---|---|---|---|---|---|---|
| 1Y | 2Y | 3Y | 4Y | 5Y | ||||
| Shriram Finance | AA+ | 7.80% | 8.10% | 8.50% | 8.55% | 8.60% | 0.50% extra | Book FD |
| Bajaj Finance | AAA | 7.40% | 7.55% | 8.05% | 8.05% | 8.05% | 0.25% extra | Book FD |
| Mahindra Finance | AAA | 7.60% | 7.75% | 8.05% | 8.05% | 8.05% | 0.25% extra | Book FD |
| ICICI Housing Finance | AAA | 7.25% | 7.55% | 7.65% | 7.65% | 7.65% | 0.25% extra | Book FD |
| PNB Housing Limited | AA+ | 7.45% | 7.00% | 7.85% | - | 7.65% | 0.30% extra | Book FD |
Modelled on the lines
of a Bank Fixed Deposit
Offered by Non-Banking Finance Companies (NBFCs) & Housing Finance Companies (HFCs)
Investors lend a fixed
amount of money to companies
In return, companies promises to pay fixed interest at pre-defined intervals
And return capital after
a fixed tenure i.e. maturity
Indicates overall financial health of the issuer. Choose higher-rated FDs; higher the rating, lower the risk of default.
Evaluate company’s commercial viability, track record of profitability & satisfied customers, financial statements, notes to accounts and creditworthiness of the organisation
Invest in companies with a stellar track record of timely interest payments and repayment of deposits.
| Particulars | Corporate Fixed Deposit | Debt Mutual Funds | Traditional Deposits | Corporate Bonds | Guaranteed Income Plan |
|---|---|---|---|---|---|
| Returns | Fixed | Market Linked | Returns | Returns | Returns |
| Risk | No/Low-Risk | High Risk | Risk | Risk | Risk |
| Investments | Lumpsum | Monthly (SIP) or Lumpsum | Investments | Investments | Investments |
| Expenses | No expenses | Charges for fund management – Expense Ratio.z | Expenses | Expenses | Expenses |
| Lock in Period | Yes | No | Lock in Period | Lock in Period | Lock in Period |
| Liquidity | Medium | High | Liquidity | Liquidity | Liquidity |
| Premature Withdrawal | Attracts penalty | Allowed, with or without exit load | Premature Withdrawal | Premature Withdrawal | Premature Withdrawal |
| Taxation | As per income tax slab rate. | Depends on the type of MF and investment holding period. | Taxation | Taxation | Taxation |
| Who Can Invest? | Investors seeking stable and guaranteed returns. | Investors with good understanding of risk | Who Can Invest? | Who Can Invest? | Who Can Invest? |
| Offered By | Attracts penalty | Investors with good understanding of risk | Offered By | Offered By | Offered By |
| Offered By | Attracts penalty | Investors with good understanding of risk | Offered By | Offered By | Offered By |
| Offered By | Attracts penalty | Investors with good understanding of risk | Offered By | Offered By | Offered By |
| Offered By | Attracts penalty | Investors with good understanding of risk | Offered By | Offered By | Offered By |
The interest earned on Corporate FDs is subject to tax deductions as per marginal tax slab. Tax Deducted at source is term used to define concept of collecting tax from income source of an individual.
Taxed as per the marginal tax slab of the customer
10% on the interest above ₹ 5000 per financial year
Can be availed by submitting Form 15G or 15H (for senior citizens).
No withdrawals allowed for 3 months
Withdrawals after 3 months to 6 months
2 – 3% penalty after 6 months
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