A fixed deposit is a term deposit that offers fixed rates of interest over a fixed time period. Banks and NBFCs provide mostly fixed deposits, but company Fixed deposits offered by financial institutions and NBFCS (Non-Banking Financial companies) only.
Why Should you choose Company FD?
Mostly people prefer bank fixed deposits because it is the safest and best way to grow their money than saving account. In this segment, we will give you an overview of company fixed deposit and why should you choose company FD to grow your savings than bank FD and saving account:
- The company offers a high rate of interest on fixed deposits in comparison to bank fixed deposits.
- The Central Bank of India can change the rate of interest for Fixed anytime at the performance of the bank.
- However, you can be assured high returns with company fixed deposits.
- You can avail loan Against fixed deposit easily up to 75% of the maturity amount.
- You can get the additional 0.25% interest rate on senior citizens fixed deposit investment
- Company fixed deposit provides you door to door facility, and they will meet with customers personally and pick up all the documents and applications from customer residents.
FD (fixed deposit) is a trusted source of investment whenever compared to other investment schemes. You can withdraw FD anytime in case of an emergency or avail loan against it. If you want to secure your future, it is advised you to invest a certain amount of money in fixed deposits as it will get you the assured returns after maturity, and it also helps to boost your savings as well.
Conclusion: So, before investing in a company fixed deposit, you should compare the company track record of fixed deposit and select the ones offering a highest fd interest rates. PNB housing’s Fixed Deposit has ratings of FAAA/negative by CRISIL, which directly points to its highest level of safety.
If you want to know about FD vs RD go through with given link FD vs RD: which one better
