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Corporate Fixed Deposit

Corporate FD’s are those deposits placed by investors with companies for a fixed term carrying a prescribed rate of interest. These instruments yield higher interest rates than regular Bank FD’s. Corporate FD’s have different maturity periods along with varying interest payment options. The Corporate FDs carry a rating thus ensuring their financial health.

We offer a range of Corporate Fixed Deposits of varying tenures, interest rates & institutions to suit your investment needs. The deposit schemes have been specially chosen from high-safety options to ensure that you enjoy the twin benefits of returns and protection.

Disclaimer : Interest Rates are subject to revision by the respective Companies/Government from time to time. Wise FInserv acts as a referral agent to these companies and the offer is brought to you by the companies subject to fulfilment of eligibility criteria, terms and conditions etc. Investors are advised to read the Terms and conditions offered by respective companies carefully before taking any investment decision.

Why opt for Corporate Fixed Deposits?
  • If your risk appetite is low, fixed deposits are perfect for you. Since most of the instruments are rated, corporate fixed deposits have a very high safety level
  • Attractive returns at interest rates higher than banks's Fixed Deposits
  • Higher Interest rates for senior citizens
  • High liquidity; most of these issuers offer 75% of the investment amount as loan @ 2% over the interest rate on the deposit, as well as a pre-mature withdrawal Option
  • Potential to earn compounding interest on your money by reinvesting the principal amount along with the interest earned
  • Flexible tenure - there are various tenures ranging from 1 to 7 years
  • You can choose interest frequency; most issuers offer monthly, quarterly, bi annual and annual cumulative deposits
  • You get direct ECS credit facility for interest payments or advance interest warrants for the year issued by most issuers
Shriram Finance Limited

Company Overview :

  • Shriram Finance Limited was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India.
  • With a track record of about 30 years in this business, STFC is among the leading organized finance provider for the commercial vehicle industry
  • STFC has also added passenger commercial vehicles, multi-utility vehicles, three-wheelers, tractors and construction equipment to its portfolio

Who can invest?

  • Online : Resident Individuals & HUFs
  • Offline : Resident Individuals, HUFs, Trusts, Domestic Companies, NRIs, Minor

Shriram Finance Limited FD Rates

Interest Rates for Deposits  from 1st Jan, 2023 for <=5 Cr.

Tenure Non - Cumulative Deposit Cumulative Deposit
Period Monthly% (p.a.) Quarterly% (p.a) Half Yearly% (p.a.) Yearly% (p.a.) Effective Yield% (p.a.) Approx. maturity value for Rs:5000/-
12 7.06 7.11 7.17 7.30 7.30 5,365
18 7.25 7.30 7.37 7.50 7.64 5,570
24 7.48 7.53 7.60 7.75 8.05 5,805
30 7.72 7.77 7.85 8.00 8.49 6,060
36 7.86 7.92 8.00 8.15 8.84 6,325
42 7.90 7.96 8.04 8.20 9.07 6,585
48 7.95 8.01 8.09 8.25 9.33 6,865
60 8.13 8.19 8.27 8.45 10.00 7,500

* Maturity value is pre-tax and for illustration purposes only.

Additional interest of 0.50% p.a. will be paid for Senior Citizen (Completed age )

Additional Interest of 0.10% p.a. will be paid to Women Depositors

 

Mahindra & Mahindra Financial Services Limited

Company Overview :

  • MMFSL is a subsidiary of Mahindra and Mahindra Ltd (M&M). The company is one of India’s leading non-bank finance companies focused on the rural and semi-urban sector
  • The company provides employment to over 16,000 people in over 1000+ branches across India and is currently servicing over 3 million customers

Who can invest?

  • Online : Resident Individuals & HUFs
  • Offline : Resident Individuals, HUFs, Trusts, Domestic Companies, NRIs, Minor

Mahindra & Mahindra Financial Services Revised FD Rates w.e.f 6th July' 2022

Minimum Amount Period (Months) Cumulative Scheme Non-Cumulative Scheme
Amount Payable Interest p.a. Effective Yield p.a. Period (Months) Interest p.a.** (Monthly) Interest p.a.** (Quarterly) Interest p.a.** (Half Yearly) Interest p.a.** (Yearly)
5000 12 5288 5.75% 5.75% 12 5.20% 5.55% 5.65% 5.75%
24 5671 6.50% 6.71% 24 5.95% 6.30% 6.40% 6.50%
36 6125 7.00% 7.50% 36 6.45% 6.80% 6.90% 7.00%  
48 6554 7.00% 7.77% 48 6.45% 6.80% 6.90% 7.00%
60 7013 7.00% 8.05% 60 6.45% 6.80% 6.90% 7.00%
Min. Amt 50000 25000

**Additional Rates: Senior Citizen 0.25%; M & M Group Company Employees, Employees’ Relatives, Retired Employees and their Relatives 0.35%

Rates w.e.f. 27th May 2022. Applicable for Deposits upto ? 50 Lakhs

ICICI Home Finance Company Limited 

Company Overview :

Who can invest?

Interest Applicable for Fixed Deposits < Rs. 20.0 mn from December 14th, 2021 for Public Deposits

                                                                               

                                                                    Base Rate  for Fixed Deposit < Rs 20.0 mn    
   Tenure(In Months)                                                                     Cumulative Plan              Non-  Cumulative Plan  
        Period           Monthly (Income Plan)        **Indicative Yield(Cumulative option)       Monthly Income Plan   Quarterly Income Plan   Yearly Income Plan  
>=12 to <18 6.15% 6.15% 5.95%   6.00% 6.15%  
>=18 to <24 6.40% 6.54% 6.20%   6.25% 6.40%  
>=24 to <36 6.70% 6.92% 6.50%   6.55% 6.70%  
>=36 to <60 6.90% 7.39% 6.70%   6.75% 6.90%  
>=60 to <84 7.00% 8.05% 6.80%   6.85% 7.00%  
>=84 to<=120 7.10% 8.80%  6.90% 6.95% 7.10%  
                                                                                                   0.25% additional interest for Senior Citizens and icici group Employees  
   
 
PNB Housing Finance Limited

Company Overview :

  • For cumulative option, interest rate is compounded annually on March 31st
  • # The tentative yield to maturity is mentioned for the lowest tenure of the specific grid.

Who can invest?

  • Resident Individuals, HUFs, Trusts, NRIs, Minor, Firms etc.

Revision of Deposite Intrest Rates

    PNB Hosing Finance Ltd. revises the Rate Of Intrest for its fixed deposite w.e.f., February 17th,2023.

  • Increase in Rate of Inetrest for 12-23 Months Tenure by 0.35%
  • Increase in Rate of Interest for 24-35 Months Tenure by 0.20%
  • Increase in Rate of Interest for 36-47 Months Tenure by 0.15%
  • Increase in Rate of Interest for 60-71 Months Tenure by 0.10%
  • No changes in Rate of Interest for 48-59, 72-84 & 120 Months Tenure.

Deposit upto 5 crore

Tenure (Months) Cumulative Option* ROI (p.a.) Non-Cumulative Option ROI (p.a.)
  ROI (p.a.) Tentative yield to maturity Monthly Quarterly Half Yearly Annual
12–23 7.35% 7.35% 7.11% 7.15% 7.22% 7.35%
24 – 35 7.00% 7.25% 6.79% 6.83% 6.89% 7.00%
36 – 47 7.70% 8.31% 7.44% 7.49% 7.56% 7.70%
48 – 59 7.40% 8.26% 7.16% 7.20% 7.26% 7.40%
60 -71 7.50% 8.71% 7.25% 7.29% 7.36% 7.50%
72 – 84 7.40% 8.91% 7.16% 7.20% 7.27% 7.40%
120 7.40% 10.42% 7.16% 7.20% 7.27% 7.40%

 

* For cumulative option, interest rate is compounded annually on March 31st

The tentative yield to maturity is mentioned for the lowest tenure of the specific grid.

Please note that any deposite which has effective date from February 17th, 2023 will carry the ner rate of interest.

  • Additional intrest rate of 0.25% for senior citizen of deposits (application for deposite upto  RS 1 carore)
  • other term and condition remains the same.

Bajaj Finance Limited : Deposits upto ! 2 Crore 12-23 Months 5.35% 5.40% 5.45% - 5.55% 24-35 Months 5.75% 5.80% 5.85% 5.95% 5.95% 36-59 Months 6.00% 6.05% 6.10% 6.20% 6.20% 60-83 Months 6.30% 6.35% 6.40% 6.50% 6.50% 84-120 Months 6.50% 6.55% 6.60% 6.70% 6.70% 66.70% Minimum Amount (?) 40,000 20,000 20,000 20,000 20,000

 
HDFC Corporate Fixed Deposit as on date 27th June 2022
Regular Deposits
Tenure Monthly Income Plan Quarterly Option Half Yearly Option Annual Option Cumulative Option
Deposits Upto 2 Cr
12-23 Months 5.80% 5.85% 5.90% - 6.00%
24 - 35 Months 6.30% 6.35% 6.40% 6.50% 6.50%
36 - 59 Months 6.50% 6.55% 6.60% 6.70% 6.70%
60-83 Months 6.60% 6.65% 6.70% 6.80% 6.80%
84-120 Months 6.70% 6.75% 6.80% 6.90% 6.90%
Minimum Amount 40,000 20,000 20,000 20,000 20,000
Special Deposits
Tenure Monthly Income Plan Quarterly Option Half Yearly Option Annual Option Cumulative Option
Deposits Upto 2 Cr
33 Months 6.65% 6.70% 6.75% 6.85% 6.85%
66 Months 6.75% 6.80% 6.85% 6.95% 6.95%
77 Months 6.75% 6.80% 6.85% 6.95% 6.95%
99 Months 6.85% 6.90% 6.95% 7.05% 7.05%
Minimum Amount 40,000 20,000 20,000 20,000 20,000
Premium Deposits
Tenure Monthly Income Plan Quarterly Option Half Yearly Option Annual Option Cumulative Option
Deposits Upto 2 Cr
15 Months 6.00% 6.05% 6.10% - 6.20%
18 Months 6.10% 6.15% 6.20% 6.30% 6.30%
22 Months 6.25% 6.30% 6.35% 6.45% 6.45%
30 Months 6.45% 6.50% 6.55% 6.65% 6.65%
44 Months 6.65% 6.70% 6.75% 6.85% 6.85%
Minimum Amount 40,000 20,000 20,000 20,000 20,000
  • * Senior Citizen FD - For Senior Citizen (60+) - will be eligible for additional 0.25% p.a. on deposit upto ? 2 Cr

Company Overview :

  • Bajaj Finserv was formed in April 2007
  • Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group
  • Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending

Who can invest?

  • Online : Resident Individuals & HUFs
  • Offline : Resident Individuals, HUFs, Trusts, Domestic Companies, Minor

Bajaj Finance FD interest rates (w.ef. December 07, 2019)

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Annual (p.a.) Interest (p.a.) Effective Yield (p.a.) Approx. maturity value for ` 5 Lacs*
12-23 7.35% 7.39% 7.46% 7.60% 7.60% - -
24-35 7.63% 7.68% 7.75% 7.90% 7.90% - -
36-60 7.81% 7.87% 7.94% 8.10% 8.10% - -
Special Scheme
            - -
    
 An additional 0.25% rate of interest for senior citizens upto `

 
       
     
       

 

                                                   

Tenure (Months)
Cumulative Scheme
Non - Cumulative Scheme
Interest (p.a.) Monthly (p.a.) Quarterly (p.a.) Half Yearly (p.a.) Annual (p.a.)
33 7.50% 7.25% 7.30% 7.37% 7.50%
66 7.50% 7.25% 7.30% 7.37% 7.50% 
Premium Deposit

 
 15 7.35%  7.10%   7.15%  7.22%  
22   7.45%  7.20%  7.25%  7.32% 7.45% 
 30  7.40%  7.15%  7.20%  7.27%  7.40%
 44  7.45%  7.20%  7.25%  7.32%  7.45%
  

Please Note:

  • Sr. Citizen will get 0.25% p.a. additional interest across all schemes upto 2 Cr.
  • Above rates are applicable only for indivials and trusts deposits and are valid for amount upto 2 Cr (p.a.) only.
Deposits upto ! 2 Crore 12-23 Months 5.35% 5.40% 5.45% - 5.55% 24-35 Months 5.75% 5.80% 5.85% 5.95% 5.95% 36-59 Months 6.00% 6.05% 6.10% 6.20% 6.20% 60-83 Months 6.30% 6.35% 6.40% 6.50% 6.50% 84-120 Months 6.50% 6.55% 6.60% 6.70% 6.70% 66.70% Minimum Amount (?) 40,000 20,000 20,000 20,000 20,000

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