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FixedDeposite&Corporate

 CORPORATE DEPOSITE?


The deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest.Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits.


WHY INVEST IN CORPORATE FDs?


Higher interest rate compared to savings bank account.

Tax not deducted at source if interest income > Rs 10000/-

Higher interest rates for Senior Citizens.

Fixed return - No risk of lower return or volatility.

Loan facility available against FDs

Monthly Income Plan - Regularly supplement income.