Company Deposits
What is Company 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. The maturities of company FDs range from a few months to a few years.Corporate or company fixed deposits are getting popular. They fetch a better rate than that offered by the banks on fixed deposits.