Corporate Deposits

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What are company or corporate fixed deposits?


When most people think about fixed deposits, the first thing that comes to the mind is approaching a bank to open a fixed deposit. However, that is not the only place where you can open fixed deposits. Many finance houses also offer investors the facility to open fixed deposits that offer interest rates that can be higher than what most banks offer.


Eligibility


These fixed deposits can be opened by individuals or groups or individuals like companies. In the case of individuals, resident Indians and NRIs can open company fixed deposits. To be able to open these fixed deposits you will need to provide an ID proof along with a request to open the FD. The ID proof can be a driver's licence, PAN cards, passports, etc.