Corporate Fixed Deposits
What is Fixed Deposit?
Fixed Deposits or FD is an investment product offered by banks and Non-Banking Finance Companies (NBFCs). In Fixed Deposit, One can Invest for a set amount of time and get a fixed interest rate on invested amount.You know at the time of investing what interest rate you will get and how much money you will receive at the time of maturity. You also get an option of selecting regular payout of interest.
Benefits of Fixed Deposits
Best FD Interest Rates in India 2023
NBFC / BANK
Regular FD Rates
Senior Citizen FD Rates
Bajaj Finance Ltd
Mahindra Finance Ltd
ICICI Housing Finance Ltd
PNB Housing Finance Ltd
ShriRam Finance Ltd
LIC Housing Finance Ltd
Why Fixed Deposit with Divadhvik?
- Choose FD to invest from leading corporate houses. Investors with fresh corpus (from retirement, sale of property etc) who would like to deploy the same in Equity markets
- Every FD on offer is verified by our research experts.
- Enjoy the benefits of safety coupled with high returns by investing in selected FD’s.
- Flexibility to choose your investment amount, tenure, interest payment & maturity period
FAQ's - Fixed Deposits
You can invest in Fixed Deposit if you are: Resident Indians, Hindu Undivided Family (HUF), Group Companies, Limited Companies, Partnership Firms, Sole Traders, Associations, Clubs and Societies Family Trusts, Minors (through their natural or legally appointed guardian)
Minimum amount varies across Banks and NBFCs. It normally starting ranges from ₹5,000 to ₹25,000. There is no upper limit on the maximum amount that can be deposited in Fixed Deposit.
There are two types of Fixed Deposit: Cumulative and Non-cumulative. In Cumulative FD, you get interest payout at maturity along with the principal amount. In Non-cumulative FD, you get interests gains periodically at regular intervals(monthly, quarterly, half-yearly and yearly) and principal amount at maturity.
Yes, interest earned from FD is taxable. TDS is deducted on interest earned if it exceeds by ₹5000 per annum. However, you can submit form 15G/H to the Bank or NBFC to avoid tax deduction.
Yes, you can withdraw money prematurely. You can either close the FD or partially withdraw the money from it. But it will effect your interest amount earned in completed tenure by company which would be deducted due to break-in tenure.
In case of emergencies, instead of breaking Fixed Deposit, you can obtain loan against the deposited amount. The sanctioned amount is usually 70-90% of the fixed deposit amount and is offered at a competitive interest.