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Fixed Deposit

Fixed deposit (FD) is a financial instrument where a sum of money given to a bank, financial institution or company whereby the receiving entity pays interest at a specified percentage for the time duration of the deposit. At the end of the time period of the deposit the amount that is originally given is returned to the investor along with Interest.

Fixed Deposits in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits.

Types of Companies offering Fixed Deposits

• Financial Institutions
• Non-Banking Finance Companies (NBFCs).
• Manufacturing Companies
• Housing Finance Companies
• Government Companies

Features and Benefits

• Company Fixed Deposits offer comparatively higher returns than banks.
• We can Choose the frequency of interest payment as per our choice / need
• Company Fixed Deposits are non transferable that means there is no fear of FD receipt being stolen. In case it falls into wrong hands, it cannot be misused.
• Premature encashment of deposit is available any time subject to payment of prescribed penalty.
• Attractive rates as applicable from time to time.

        i.) Maturity

        ii.) Yearly

        iii.) Half-yearly

        iv.) Quarterly

        v.) Monthly