Fixed Deposits

 

Corporate fixed deposits are fixed deposits offered by corporate companies. The corporate fixed deposits work like the regular bank fixed deposits albeit a few changes. Corporate fixed deposits offer a higher rate of interest when compared to bank fixed deposits as the risk involved is higher when it comes to corporate fixed deposits.

Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits. Deposits thus mobilized are governed by the Indian Companies Act under Section 58A.

Top Corporate fixed deposits in India

Listed below are the top corporate fixed deposits in India.

  • Dewan Housing Finance Corporation Ltd.

  • HDFC Ltd.

  • LIC Housing Finance Ltd.

  • Shriram Transport Finance Co. Ltd.

  • Mahindra & Mahindra Financial Services Ltd.

  • ¬†Bajaj Finance Ltd.