Earn interest up to 7.45% p.a. by investing in a Bajaj Finance Fixed Deposit | Stable Rating - CRISIL’s FAAA & ICRA’s MAAA

date-icon Last Updated on 16 Dec 2021 |
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What is a Corporate Fixed Deposit?

A corporate fixed deposit are investment tools offered by Financial and Non-Banking Financial Companies (NBFCs). Like any term deposit, you invest your money for a predetermined tenor and rate of interest. However, corporate FD schemes come with higher interest rates and flexible tenors. Here’s a deep dive into corporate fixed deposit features, benefits and more.

Bajaj Finance Corporate FD Benefits

Here’s why Bajaj Finance Corporate FD is right for you.

 

Higher Interest Rates: At Finserv MARKETS, we offer competitive interest rates to ensure our corporate FD is best suited for you. The rate of interest on our fixed deposits is influenced by the tenor chosen by you. You can expect a higher interest rate on a longer tenor.

 

Minimum Investment Amount: With Bajaj Finance FD, you can start investing with a minimum amount of ₹15,000. Why wait to accumulate a huge principal amount when you can begin with small deposits?

 

Flexible Tenor: You can let your money grow with us for anywhere from 12 months to 5 years.

 

Hassle-Free Experience: At Finserv MARKETS, we’ve devised a seamless online process, so you can make quick investments.

Benefits of a Corporate FD

Periodic Interest Payment: Corporate fixed deposits provide periodic payouts on a monthly, quarterly, semi-yearly, and yearly basis. This is an ideal FD scheme for someone who needs a steady income through their term deposit.

 

Assured Returns: Corporate FDs from NBFCs like Finserv MARKETS are backed by notable credit rating companies like CRISIL and ICRA. These are the two most prestigious safety ratings offered in the industry. With an FAAA by CRISIL and MAAA by ICRA, Bajaj Finance corporate FD is deemed secure and trustworthy. Hence, you can be assured that you’ll receive timely payments of the interest and principal.

 

Loan on Fixed Deposits: There could be instances where you might be in a dire need of money. And more often than not, people with FDs are forced to withdraw their money even before its maturity. By doing this, along with hampering the growth of your money, you also end up paying a penalty for premature withdrawal. That’s when a loan against FD comes into play! You can pledge your FD as security and take a loan to address the unforeseen monetary need. And unlike banks, NBFCs make the whole process seamless and convenient for their clients.

Features of Corporate FDs

  • They are low-risk investments with zero influence of market fluctuations

  • NBFCs offer a seamless process to liquidate your fixed deposits

  • Company FDs offer both cumulative and non-cumulative interest payouts

  • Many NBFCs enable premature withdrawals without any restrictions

  • Corporate FDs are offered by credible companies like Finserv MARKETS

Eligibility Criteria for Company Fixed Deposits

You can invest in a corporate fixed deposit if you are:

  • An individual (resident and non-resident Indians)

  • Members of Hindu Undivided Family

  • Corporates

  • Clubs

  • An association

  • Societies

  • Cooperatives

  • Educational institutions

  • Partnership companies

How to Choose a Corporate FD?

While the most important factor in choosing a corporate FD is the rate of interest, there are multiple factors that you must consider. Let’s explore them in brief.

 

The Company Background: It is imperative to dig into the history of the company you want to open an FD with. You must ensure that it has a laudable track record of happy customers. And thanks to the internet, understanding the creditworthiness of a company is at your fingertips.

 

Repayment History: An NBFC must have an impeccable reputation with regard to payments. Companies have started offering attractive FD interest rates in the pursuit of expanding their customer base. However, such NBFCs have also defaulted on making payments. Hence, you must ensure that they have a spotless image in the market.

 

Credit Rating: Multiple credit rating agencies help people identify a trusted corporate FD scheme. Companies with higher ratings are your safest bet. We recommend you gauge different investment options based on CRISIL and ICRA ratings.

FAQs

  • ✔️Which company FD is best?

    Finserv MARKETS offers the best corporate FD to secure your wealth. The Bajaj Finance Fixed Deposit offers you high interest rates of up to 7.2% and an extra 0.25% if you’re a senior citizen.

  • ✔️Is it safe to invest in corporate fixed deposits?

    Financial planners recommend AAA-rated corporate Fixed Deposits to corporate investors but with a caution to be mindful of the risk as company FDs do not carry any guarantee of capital safety.

  • ✔️Are corporate FD taxable?

    Yes, the interest income from Bajaj Finance Fixed Deposits is completely taxable. You can find the taxable income amount under the head ‘Income from Other Sources’ in your Income Tax Return.  

  • ✔️How are interest payments made in case of Company FDs?

    Interest is paid on monthly/quarterly/half-yearly/yearly, or on maturity basis and is transferred either through cheque or ECS facility.

  • ✔️Is there any scope of appreciation of principal amount in case of Company FDs?

    No, there is no scope of appreciation of principal amount in case of Company FDs.

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