INSUBCONTINENT EXCLUSIVE:
Interest rates on corporate fixed deposits depend on the profits posted by the companies.Fixed deposits (FDs) are not only offered by banks
In fact, the interest rates offered on company fixed deposits are higher than those on bank fixed deposits
However, the risks involved in corporate fixed deposits are much higher than in bank FDs
While returns on bank FDs are assured, the interest rates on corporate fixed deposits depend on the profits posted by the companies
That is why experts advise investors to exercise caution when investing in company fixed deposits.(: When Gold Investments Act Like Fixed
Deposits In State Bank Of India)Non-banking finance companies such as Bajaj Finserv, Dewan Housing Finance Limited (DHFL) and Shriram
Transport Finance Company Limited offer the option of opening a fixed deposit.(: Interest Rates Offered By Banks On Fixed Deposits Below Rs
1 Crore)Given below are FD interest rates paid by Bajaj Finserv, DHFL and Shriram Transport Finance Company:Bajaj FinservThe FD interest
rates according to Bajaj Finserv's website - bajajfinserv.in:Tenor in MonthsMinimum deposit (in
Fixed Deposit)Dewan Housing Finance Limited (DHFL)The FD interest rates according to DHFL's website - dhfl.com:Fixed Deposit for
IndividualsInterest Rates for Single Deposit < Rs
5 Cr.Tenure (Months)CumulativeNon-CumulsativeFor Privilege CustomersRenewalsMonthlyQuarterlyHalf YearlyYearlyAdditional interest of
0.40%Additional interest of 0.15% where, deposit is renewed on or before the maturity
date128.15%7.85%7.90%7.95%8.15%13#8.15%7.85%7.90%7.95%8.15%148.25%7.95%8.00%8.05%8.25%18
$8.30%8.00%8.05%8.10%8.30%248.40%8.10%8.15%8.20%8.40%368.70%8.35%8.40%8.50%8.70%408.75%8.40%8.45%8.55%8.75%48 /
608.70%8.35%8.40%8.50%8.70%72 / 848.70%8.35%8.40%8.50%8.70%96/ 108/ 1208.30%8.00%8.05%8.10%8.30%Shriram Transport Finance CompanyThe FD
interest rates according to Shriram Transport Finance Company's website - stfc.in:INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f
5000/-127.497.547.617.757.497.755,388247.727.777.8587.728.325,832368.288.348.428.68.289.366,404488.288.348.428.68.289.786,956608.288.348.428
.68.2810.217,553(: HDFC Bank Hikes Fixed Deposit Interest Rates)Corporate fixed deposits tend to deduct the TDS (tax deducted at source) if
the annual interest exceeds Rs
