Corporate FDs


A Corporate Fixed Deposit is a financial instrument where an investor gives a certain sum of money to a corporate and the entity pays interest for the duration of the deposit.

What are Corporate Fixed Deposits?

A Corporate Fixed Deposit is a financial instrument where an investor gives a certain sum of money to a corporate and the entity pays interest for the duration of the deposit. Acceptance of fixed deposits by companies is governed by the applicable provisions contained in section 73-76 of the Companies Act, 2013.

These fixed deposits are currently unsecured in nature. They offer slightly higher returns vis-à-vis the bank deposits. Fixed deposits can be made for a period ranging from 1 to 10 years and the investor can choose monthly/quarterly/half yearly/yearly options for receiving the interest payments according to their needs.

Non-Banking Finance Companies (NBFC)

  • NBFC can accept deposits basis their credit rating issued by any of the credit rating agencies like CARE, ICRA, CRISIL and FITCH.
  • They can accept or renew deposits, not exceeding one and one-half times of its Net Owned Funds.
  • They can accept deposits for a minimum period of 12 months and a maximum period of 60 months
  • Interest will be paid on a monthly, quarterly, half-yearly, annually and on maturity (cumulative) depending upon the deposit you make.
  • Investors can avail a loan up to 75% of the amount invested and also allowed premature withdrawal
  • Credit Rating: CRISIL FAAA ICRA MAAA
  • 0.25% additional for Senior Citizens.
  • Minimum Amount ₹ 25,000
PeriodRate of  Interest
12-23 Months6.90%
24-35 Months7.00%
36-47 Months7.10%
48-60 Months7.10%
  • Credit Rating: FAAA by CRISIL
  •  0.25% extra interest for Senior Citizen Deposits.
  • Minimum Amount ₹ 5,000
Period Rate of Interest
12 Months 6.70%
18 Months 6.90%
24 Months 6.95%
30 Months 7.10%
36 Months 7.15%
38 Months 7.20%
44 Months 7.25%
48 Months 7.25%
60 Months 7.25%
  • Credit Rating: ICRA MAA+
  •  0.25% extra interest for Senior Citizen Deposits
  • Minimum Amount ₹ 25,000
Period Rate of Interest
12 Months 7.50%
24 Months 7.70%
36 Months 8.15%
48 Months 8.20%
60 Months 8.40%
  • Credit Rating: ICRA MAA+ CRISIL FAAA
  • 0.25% extra interest for Renewal Deposits for Senior Citizens.
  • Minimum Amount ₹ 25,000
Period Rate of Interest
12 Months 7.93%
24 Months 8.13%
36 Months 8.59%
48 Months 8.63%
60 Months 8.83%
Last Updated in August 2020

Housing Finance Companies (HFC)

  • As the name implies, these companies have the principal object of providing finance for housing, whether directly or indirectly. They are registered with National Housing Bank.
  • They can accept deposit not exceeding five times of their net owned fund.
  • They can accept deposits basis their credit rating issued by any of the credit rating agencies like CARE, ICRA, CRISIL, FITCH, Brickwork etc.
  • They can accept public deposits for periods between one & ten years only.
  • A loan may be taken up to 75% of the amount of deposit after 3 months from the date of public deposit.

Individuals

  • Credit Rating: CRISIL FAAA ICRA MAAA
  • 0.25% extra interest for Senior Citizen Deposits up to 2 Crore only
  • Minimum Amount ₹ 20,000
PeriodRate of Interest
12-23 Months-
24-35 Months6.20%
36-47 Months6.25%
48-59 Months6.25%
60-71 Months6.25%
72-84 Months6.25%

Trust & Institutions

  • Credit Rating: CRISIL FAAA ICRA MAAA
  • 0.25% extra interest for Senior Citizen Deposits up to 2 Crore only
  • Minimum Amount ₹ 20,000
Period Rate of Interest
12-23 Months -
24-35 Months 6.05%
36-47 Months 6.05%
48-59 Months 6.05%
60-71 Months 6.05%
72-84 Months 6.05%
  • Credit Rating: CARE AAA FD, ICRA MAAA
  • 0.25% extra interest for Senior Citizen
  • Minimum Amount ₹ 10,000
PeriodRate of Interest
12-23 Months-
24-35 Months6.20%
36-47 Months6.25%
48-59 Months6.25%
60-71 Months6.25%
72-84 Months6.25%

Special Scheme Rates

  • Credit Rating: CARE AAA FD, ICRA MAAA
  • 0.25% extra interest for Senior Citizen
  • Minimum Amount ₹ 10,000
PeriodRate of Interest
30 Months6.30%
45 Months6.45%
66 Months6.50%
  • Credit Rating: CARE AAA FD, ICRA MAAA
  • 0.25% extra interest for Senior Citizen Deposits from Rs.10,000 upto ₹ 20 Crores
  • Minimum Amount ₹ 10,000
Period Rate of Interest
12 Months 6.00%
18 Months 6.05%
24 Months 6.00%
36 Months 6.30%
60 Months 6.30%
  • Credit Rating: CARE AAA FD, ICRA MAAA
  • 0.25% extra interest for Senior Citizen Deposits up to 1 Crore only
  • Minimum Amount ₹ 10,000
Period Rate of Interest
24-35 Months 7.00%
36-47 Months 7.15%
48-59 Months 7.15%
60-71 Months 7.25%
72-84 Months 7.35%
120 Months 7.35%
  • Credit Rating: FAAA/STABLE BY CRISIL
  • 0.50% p.a. additional interest for Senior Citizens
  • Minimum Amount ₹ 10,000
Period Rate of Interest
12 Months 6.75%
18 Months 6.75%
24 Months 7.00%
36 Months 7.00%
48 Months 7.00%
60 Months 7.00%
Last Updated in August 2020

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