Company Fixed Deposits (FDs) may offer a higher rate of return than normal bank deposits. As a part of diversification of your portfolio, it is advisable to invest in company FDs. But you have to be look for a few important things before you invest
Here are 5 things that you must look for before you pick a company FD:
Category of Investor | Premature Withdrawal | Interest Payable | Premature Withdrawal | Interest Payable |
---|---|---|---|---|
Individual Investor | After 3 months but before 6 months | 4 per cent | After 6 months but before date of maturity | 1 per cent lower than interest on public deposit for period deposit has run. |
Other Investors | After 3 months but before 6 months | None | After 6 months but before date of maturity | 1 per cent lower than interest on public deposit for period deposit has run. |
Company fixed deposits are safe if the depositor does his homework and researches diligently with respect to the background and the creditworthiness of the company that is issuing the deposit.
PNB Housing Finance Limited is over 2 decades old deposit taking company. The company derives its parentage from Punjab National bank and is a renowned name in the market.
Company’s fixed deposits are rated FAAA by CRISIL, which is the highest safety rating that the rating agency gives out.
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