Corporate FDs are offered by many companies, including Mahindra Finance, Bajaj Finserv, LIC Housing Finance, and PNB Housing Finance. The interest rate on these varies depending on the tenure amongst other things.
Corporate fixed deposits, offered by institutions like non-banking financial companies (NBFCs), are term deposits held at a fixed interest rate for a specified duration. They differ from bank fixed deposits and operate as term investments.
Corporate fixed deposits, provided by entities such as NBFCs, function as fixed-term deposits with a predetermined interest rate and duration, distinguishing them from bank fixed deposits.
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Your fixed deposit with a bank is guaranteed to only Rs 5 lakh per bank, in deposits held across all its branches put together. However corporate FDs with a good credit rating are just as safe but come without the deposit insurance cover and perceived government-backing.