If you are planning to invest in Fixed Deposit (FD) in the coming days, then you can invest in Corporate FD.
Corporate/ Company FD: If you are planning to invest in Fixed Deposit (FD) in the coming days, then you can invest in Corporate FD. Corporate FDs are popular among investors who want fixed returns, which are slightly higher than bank FDs. However, like bank FDs, interest paid on corporate FDs is fully taxable, so it is important to look at the post tax return. To reduce the risk associated with this, you should choose those places where the rating is high.
AA rating means that there is good security for timely payments. The higher the rating, the lower the risk accordingly. Let us know such corporate FDs, which have high ratings and how much interest rate customers are getting there.
Shriram City Union Finance
Maximum interest rate: 7.48 percent
Tenure: 12-60 months
Rating: MAA+/ Stable by ICRA, tAA by Ind-Ra
Shriram Transport Finance
Maximum interest rate: 7.48 percent
Tenure: 12-60 months
Rating: FAAA/ negative by CRISIL, MAA+ stable by ICRA, tAA+/ stable by Ind-Ra
PNB Housing Finance
Maximum interest rate: 6.50 percent
Tenure: 12-120 Months
Rating: FAA + / Negative by Crisil, by AA / Stable Care
ICICI Home Finance
Maximum interest rate: 6.45 percent
Tenure: 12-120 Months
Rating: FAA/Stable by CRISIL, MAAA/Stable by ICRA
HDFC
Maximum interest rate: 6.45 percent
Tenure: 33-99 Months
Rating: FAAA/Stable by CRISIL, MAAA/Stable by ICRA
Bajaj Finance
Maximum interest rate: 6.31 percent
Tenure: 12-60 months
Rating: FAAA/Stable by CRISIL, MAAA/Stable by ICRA
Mahindra Finance
Maximum interest rate: 5.90 percent
Tenure: 12-60 months
Rating: FAAA/Stable by Crisil
Sundaram Home Finance
Maximum interest rate: 5.77 percent
Tenure: 36-60 months
Rating: FAAA/Stable by CRISIL, MAAA/Stable by ICRA
Sundaram Finance
Maximum interest rate: 5.77 percent
Tenure: 12-36 Months
Rating: FAAA/Stable by Crisil
LIC Housing Finance
Maximum interest rate: 5.60 percent
Tenure: 12-60 months
Rating: FAAA/Stable by Crisil
(Note: Senior citizens will get an additional interest of 0.35 percent in these places. Apart from this, Shriram Transport is offering an additional interest of 0.40 percent for senior citizens. At the same time, senior citizens are getting an additional interest of 0.50 percent in Sundaram Home Finance and Surandam Finance.
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