Company fixed deposits tend to offer you superior rates of interest, as compared to bank Fds. However, individuals do not like to invest in them, as they are worried of safety.
However, there are many company Fds that are very safe and are AAA rated. We have selected 7 such company deposits for our discerning investors.
Bajaj Finance offers you an interest rate of 8.45 per cent on a 2-5 year deposit. An 18-23 month deposit attracts a slightly lower interest rate of 8.40 per cent.
This is a good one per cent, more than what most government banks like State Bank are offering on this fixed deposits.
The Fds are AAA rated and the deposits are safe given that the deposits are from a company of the Bajaj group.
The Fixed Deposits of Shriram Transport offer you an interest rate of 8.42 per cent on 48 and 60 months deposit. A two and three year deposit offers an interest rate of 8.19 per cent.
This is again way better than bank Fds and is pretty safe as it is a part of the Shriram Transport group.
Mahindra Finance offers an interest rate of 8.45 per cent across all tenures. The deposits are AAA rated, which means they are highly safe. On a longer tenure of 5 years, your yield goes to as high as 10 per cent.
These deposits are backed by the government of Kerala and offer an interest rate of 8.45 per cent, across all tenures. The deposits are extremely safe as they are backed by the government. The effective yield on the deposit reaches more than 10 per cent on a 5-year tenure.
HDFC Fixed Deposits are highly safe deposits that are rated AAA. If you are looking at these deposits, go for the 22, 30 and 44 month deposits, that offer you an interest rate of 8.05 per cent.
DHFL Aashray Deposit Plus
This deposit is again AAA rated. The interest rate offered is 8.65 per cent on a 48 to 120 months tenure. This is probably the best in its class from a AAA rated deposit.
Company deposits are not secure deposits. There is always an element of risk. The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on information in this article.