Corporate Deposits are loan arrangements where a specific amount of
funds is placed on deposit under the name of the account holder. The
money placed on deposit earns a fixed rate of interest, according to the
terms and conditions that govern the account. The actual amount of the
fixed rate can be influenced by such factors at the type of currency
involved in the deposit, the duration set in place for the deposit, and
the location where the deposit is made.
Benefits of investing in Company Fixed Deposits
High interest.
Short-term deposits.
Lock-in period is only 6 months.
No Income Tax is deducted at source if the interest income is up to Rs 5,000 in one financial year
Investment can be spread in more than one company, so that interest from one company does not exceed Rs. 5,000