Company/Corporate Fixed Deposits

The following are some of the key features of note for the Mahindra Finance Fixed Deposit scheme (MMFSL):

• Fixed deposits from Mahindra Finance feature a CRISIL FAAA rating indicative of potentially low risk.
• Minimum Investment required is Rs. 5,000.
• Senior citizens get additional 0.25% interest on Samruddhi deposits.
  
• Senior citizens get additional 0.10% interest on Dhanvruddhi deposits (only online).
  
• Eligible investors include Resident Indians, companies, non-resident Indians, partnership firms, trusts and foundations, charitable trusts, HUFs, family trusts, sole proprietors and club/association/society.
  
• These fixed deposits either feature half-yearly (non-cumulative) or yearly (cumulative) interest payouts.

Following are the Mahindra Finance Dhanvruddhi deposit interest rates and tenures for online investors with cumulative option:

Cumulative Option with minimum deposit of Rs. 5000
Tenure (months)	Interest Rate* (%)
15	8.25
20	8.35
27	8.60
33	8.75
40	8.75

*Additional interest of 0.1% offered to senior citizens on all tenures. Rates and applicable tenures are liable to change periodically.

The following are Mahindra Finance Dhanvruddhi deposit interest rates and tenures for online investors with non-cumulative options:

FD Type	Yearly, non-cumulative	Monthly, non-cumulative
Minimum Investment	Rs. 50,000	Rs. 1.5 lakhs
Tenure (months)	Interest Rate on yearly non-cumulative deposit* (%)	Interest Rate on monthly non-cumulative deposit* (%)
15	8.25	7.75
20	8.35	8.00
27	8.60	8.10
33	8.75	8.25
40	8.75	8.25

*Additional 0.1% offered to senior citizens on all tenures. Rates/figures are liable to change periodically.

The following are the interest rates and tenures of Mahindra Finance Samruddhi deposit for offline investors with cumulative options:

Cumulative Option with minimum deposit of Rs. 5000
Tenure (months)	Interest Rate* (%)
12	8.00
18	8.10
24	8.35
36	8.50
48	8.50
60	8.50

*Additional 0.25% offered to senior citizens on all tenures. Rates/figures are liable to change periodically.

The following are Mahindra Finance Samruddhi deposit interest rates and tenures for offline investors with non-cumulative options*:

FD Type	Yearly, non-cumulative	Monthly, non-cumulative
Minimum Investment	Rs. 50,000	Rs. 1.5 lakhs
Tenure (monthly)	Interest Rate* (%)	Interest Rate* (%)
12	7.85	7.80
24	8.20	8.15
36	8.35	8.30
48	8.35	8.30
60	8.35	8.30

* Additional 0.25% offered to senior citizens on all tenures. Rates/figures are liable to change periodically.

The fixed deposit scheme offered by LIC Housing Finance also known as Sanchay Public Deposit Scheme can be availed by the general public, high net worth individuals, NRIs, HUFs as well as various corporate entities and trusts.

• The LIC Sanchay FD scheme features a CRISIL FAAA/Stable rating – indicates low risk for investors.
  
• Maximum NRI FD tenure is 3 years i.e. 36 months.
  
• Minimum investment amount for the LIC Sanchay Scheme is Rs. 10,000.
  
• Senior citizen benefit is not applicable to investments greater than Rs. 25 crores.   
  

The following are the current interest rates for investments in the LIC Housing Finance FD scheme*:

Tenure (months)	Interest rate up to Rs. 25 crores deposit (%)	Interest rate over Rs 25 crores deposit (%)
12	7.55	7.85
18	7.65	7.90
24	7.65	7.95
36	7.70	8.00
60	7.85	8.05

* Rates/figures are liable to change periodically.

Potentially low risk investments due to high CRISIL FAAA/Stable rating.

• Tenure ranges from 12 months to 60 months.
• Higher rates (up to 0.35% higher rates) for senior citizens.
• Easy online application process apart from offline investments.

The following are the interest rates on fixed deposits offered by Bajaj Finance:

Housing Development and Finance Corporation (HDFC) offers fixed deposits rated AAA by CRISIL and ICRA.

• Loan facility against FD is available to investors.
• Minimum investment for FD account is Rs. 20,000.
• Best in class online facilities available to investors.
• Both cumulative and non-cumulative (quarterly and half yearly) options available.
• Monthly and Annual income plans also available.

The following are the interest rates of corporate fixed deposits from HDFC:

*Different interest rates applicable to deposits over Rs. 2 crores and for FD investments by trusts/bodies. Above rates are liable to change periodically.

*Different interest rates applicable to deposits over Rs. 2 crores and for FD investments by trusts/bodies. Above rates are liable to change periodically.

*Different interest rates applicable to deposits over Rs. 2 crores and for FD investments by trusts/bodies. Above rates are liable to change periodically.

The key features of Dewan Housing Finance Limited fixed deposit (DHFL FD) is as follows:

• High credit rating of AAA (fixed deposits) by CARE Ratings and Brickworks.
• High Rates of up to 8.75% p.a. on deposits.
• Minimum investment required is as low as Rs. 5000.
• Loan against fixed deposit available up to 75% of deposit amount.
• Higher interest rate on DHFL FD for privilege customers including senior citizens, widows, defence personnel, etc.  

The following are interest rates for DHFL FD for Individual investors*:

*Minimum investment required is Rs. 5,000. Senior citizens get additional 0.40% interest. Above rates are liable to change and applicable to deposits not exceeding Rs. 5 crores.

The following are the interest rates for DHFL Wealth2Health Deposits for Individual investors*:

*Minimum investment required is Rs. 25,000. Senior citizens get additional 0.40% interest. Above rates are liable to change and applicable to deposits not exceeding Rs. 5 crores.

The following are key features of the PNB Housing Finance fixed deposits:

• Potentially low risk investment due to high credit rating of FAAA by CRISIL.
• No TDS on interest earnings up to Rs. 5000 annually.
• Loan against FD facility available up to 75% of deposit amount.
• Nomination facility available as per National Housing Board guidelines.

The following are the interest rate of PNB Housing Finance regular fixed deposit schemes*:

*The above facts and figures are subject to periodic change.

The following are the interest rates applicable to PNB Housing Finance Special FDs*:

*The above facts and figures are subject to periodic change.

The following are the key features offered by Shriram City Union Finance Company FD:

• High ratings of FAAA/Stable by CRISIL and MAA+/Stable by ICRA.
• Minimum initial deposit starting from Rs. 5000.
• Tenure of deposit ranging from 12 to 60 months
• Special interest rates for senior citizens and on renewal of deposits.
• Interest pay out through ECS/NEFT or post dated interest warrants

The interest rates on fixed deposits offered by Shriram City Union Finance Company to retail investors are*:

*Rates and deposit tenures are subject to periodic change.

Interest rates on fixed deposits offered by Shriram City Union Finance Company to senior citizens are*:

*Tenure and applicable rate are subject to periodic change.

The following are key features of fixed deposit schemes offered by Shriram Transport Finance Company:

• Potentially low risk investment with ratings of FAAA/Stable and MAA+/Stable by CRISIL and ICRA respectively.
• Initial deposit for corporate fixed deposit is as low as Rs. 5,000 (cumulative deposits) and Rs. 10,000 (non-cumulative deposits).
• Option to opt for cumulative or non-cumulative deposit option.
• FD tenure for Shriram Transport ranges from 12 months to 60 months.
• Premature withdrawal option available subject to key terms and conditions.
• Auto renewal and auto refund options also available.
• Higher interest rate offered to senior citizens.

The fixed deposits interest rates offered to retail investors by Shriram Transport Finance Company are as below*:

*Rates and deposit tenures are subject to periodic change.

Interest rates on fixed deposits offered by Shriram Transport Finance Company to senior citizens are as below*:

*Tenure and applicable rate are subject to periodic change.

Key features of fixed deposit schemes offered by ICICI Home Finance are as follows:

• High rating of MAAA and AAA by ICRA and CARE respectively.
• Interest rate on corporate fixed deposit is as high as 8.15%.
• Minimum investment requires is as low as Rs. 10,000.
• FD tenure ranging from 12 months to 5 years.
• Online FD opening available for individuals and HUFs.
• Senior citizens receive additional interest of 0.25% p.a. across all tenures.

The following are interest rates offered to retail investors of ICICI Home Finance corporate fixed deposits*:

*Corporate FD rates are subject to periodic change. Additional 0.25% per annum interest provided to senior citizens.

Key features of corporate fixed deposits offered by Sundaram Finance Company are as follows:

• Potentially low credit risk with track record of AAA rating for three decades.
• Minimum investment required as low as Rs. 10,000.
• Corporate fixed deposit available with option of cumulative and non-cumulative (quarterly and monthly payout) deposits.
• Loan against FD may be granted up to 75% of deposit amount.
• Interest credit via “at par” cheques or direct account credit by ECS/NEFT.   
• Higher interest rate offered to senior citizens
• NRI deposits accepted on repatriation basis.

Interest rates applicable to non cumulative fixed deposits of Sundaram Finance are as below*:

*The corporate FD rates are subject to periodic change.

Interest rates applicable to non cumulative fixed deposits of Sundaram Finance are as below*:

*The corporate FD rates are subject to periodic change.

The following are key features of corporate fixed deposits offered by Kerala Transport Development Finance Corporation:

• Potentially zero risk investments as FD guaranteed by the Government of Kerala
• Available in two variants – Money Multiplier Scheme (MMS) and Periodic Interest Payment Scheme (PIPS – Monthly/Quarterly)
• Minimum investment required for corporate fixed deposit is Rs. 10,000.
• Renewal option available to investors.
• Applicable interest rates of up to 8.25%.
• Additional interest offered to senior citizens.

The following are interest rates offered on corporate FDs by Kerala Transport Development Finance Corporation*:

Tenure (months)	Interest Rate for Senior Citizens (%)	Interest Rate for Other Investors (%)
12	8.50	8.25
24	8.50	8.25
36	8.50	8.25
48	8.25	8.00
60	8.25	8.00

*Interest rates/tenure of FD is subject to periodic change.

The following are some key features of the HUDCO FD scheme:

• Tax saving benefit up to Rs. 1.5 lakhs annually under Section 80C (2) (xvi)(a) of IT Act 1961 for 5 year lock-in corporate fixed deposit of HUDCO.
• Potentially low risk due to high ratings of MAAA/Stable, CARE AAA (FD)/Stable and IND AAA/Stable by ICRA, CARE and India Ratings & Research respectively.
• Loan facility available for deposits not booked to avail Tax Saving Benefits under Section 80C.
• Additional interest rate of 0.25% payable to senior citizens on all tenures.
• Premature withdrawal of FD is allowed subject to specific terms and conditions.

The corporate FD interest rates offered by Housing and Urban Development Corporation are as below*:

*The above rates are subject to periodic change.

Following are key features of the Hawkins Pressure Cookers FD scheme:

• Potentially low risk with MAA (Stable) rating from ICRA.
• Minimum investment requirement of Rs. 25,000.
• High interest rate of up to 10.75% p.a.
• Joint holders allowed up to 3 in total.

The following are interest rates on offer by Hawkins Pressure Cookers for its corporate fixed deposit scheme*:

Tenure (months)	Interest Rate on Cumulative Deposits (%)[monthly compounding]	Interest Rate on non-Cumulative Deposits (%) [half-yearly interest payments]
12	10.25	10.25
24	10.5	10.5
36	10.75	10.75

*The rates and their corresponding tenures are liable to change at a later date.