Let's begin by a warning. Company fixed deposits are un secure and hence the chances of losing capital and interest are far higher, as compared to say a bank fixed deposit. Of course, the returns are far superior, so the adage, "greater the risk, greater the returns" works. Here are 6 company deposits that offer superior returns, though investors should seek professional advice before investing in them. Also read 5 things to know before investing in company deposits
Ansal Housing is a real estate company based in North India. The company's quarterly fixed deposit of 1 year attracts an interest rate of 11 per cent. On the other hand a 3-year deposit attracts an interest rate of 11.5 per cent.
DHFL, more popularly known as Dewan Housing, is one of the older housing finance companies in India. The company's cumulative deposit is offering a yield of 10.51 per cent on a one year deposit, while the 24 month deposit has a yield of 11.07 per cent.
Gati Limited is India's pioneer in Express Distribution and Supply Chain Solutions, is offering an interest rate of 10.5 per cent on its quarterly non cumulative scheme, while the interest rate on 2-year deposits is 11 per cent.
India's leading private sector housing finance company, HDFC is offering a HDFC Platinum deposit at an interest rate of 9.4 per cent. The deposit is rated FAAA by Crisil, indicating high safety for payment of principal and interest. The other deposit schemes of HDFC offer a lower interest rates.
Jaypee Infratech has developed the Yamuna Expressway which is an approximately 165-kilometre expressway along the Yamuna river connecting Noida and Agra. The company's 1-year cumulative scheme is currently offering an interest rate of 12 per cent. Jaypee Infatech is a part of a reputed group.
Kerala Transport is a government of Kerala owned entity which is offering an interest rate of 10.25 per cent on its fixed deposits for various tenures. A relatively secure deposit considering the fact that the institution is backed by the government of Kerala.