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Maturity amount will be credited to the bank account registered with FundzBazar
Fixed deposits are considered to be one of the safest investment options. This is because their returns are not linked with the market.
Investment in Fixed Deposit is locked away for a tenure which you choose. However, pre-mature withdrawals are allowed after a certain period.
Interest rate earned on Fixed Deposit will remain fixed during the tenure which you choose. Also, interest rates offered by Corporate FDs are generally higher as compared to Bank FDs.
Investment in Fixed Deposits can be for various tenures. Tenure ranging from 1 year to 5 years provides you an option to choose a tenure that fits your financial goals.
Depending on your need, one may opt for monthly, quarterly, half-yearly, yearly payout or cumulative interest option.
Investment in Corporate FDs which have been alloted higher credit rating.
Higher interest rates are offered for senior citizens.
Reinvesting the interest amount enables you to earn additional returns on your investments.
TDS is not applicable if interest earned is equals to or less than 5,000 for a year in a single company.
|Company Name||Rating||Option|| Minimum|
|1 Year||2 Years||3 Years||4 Years||5 Years||Action|
|BAJAJ Finance Ltd.||CRISIL "AAA/Stable" & ICRA "AAA (Stable)"||Cumulative||₹15000||7.4||7.55||8.05||8.05||8.05|
|Mahindra & Mahindra Financial Services Limited||CRISIL AAA/Stable & IND AAA /Stable||Cumulative||₹5000||7.6||7.75||8.05||8.05||8.05|
|Shriram Finance Limited||AA+ (Stable) by ICRA and AA+/Stable by IND||Cumulative||₹5000||7.53||7.81||8.18||8.27|
* Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.
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