What is corporate deposits?

Corporate deposits or company fixed deposits are term deposits wherein you put your money for a fixed tenure at a fixed rate of interest. They are offered by non-banking financial companies (NBFCs) and other financial institutions. Compared to a regular bank fixed deposit, they fetch a higher rate of interest.

What is the difference between FD and corporate FD?

Although bank FDs are a traditional investment option, corporate FDs have become popular in the last few years. The main difference in bank FD vs corporate FD is that a corporate FD is offered by non-banking financial companies (NBFCs) and other companies. These FDs also come with assured returns and ample flexibility.

What is corporate deposit rates?

offers FD interest rates of 6.85-7.60% p.a. to the general public and 7.10-7.85% p.a. to senior citizens on tenures ranging from 1 year to 5 years.