Best company fixed deposit schemes in India to invest in 2013

Best company fixed deposit schemes in India to invest in 2013, Fixed deposit schemes in IndiaBest company fixed deposit schemes in India to invest in 2013

Among the fixed income investment options, company fixed deposit schemes in India provide higher interest rates comparing to bank fixed deposits schemes.

There are several small and large companies which are offering company fixed deposit schemes for 6 months to 5 years period. The interest rate varies from company to company. If you observe, the higher the interest rates offered by companies, the greater the risk is. Since such companies would not have gained confidence among investors, they offer higher interest rates to attract customers. One need to be very cautious before investing in any company fixed deposit schemes in India.

Also read: 10 Unique fixed deposit schemes to invest.

We have analyzed in dept and picked up some of the best company fixed deposit schemes in India where an investor can invest and get higher rate of interest. While analyzing, we have given due importance to safety of the capital and credit ratings given by CRISIL, hence you may not see a good interest rates like 11% or 12% p.a. where they carry high risk.

Best company fixed deposit schemes in India to invest in 2013

Government companies:

  • National Housing Board (NHB)
  • PNB Housing Finance Limited (PNBHFL)
  • HUDCO

Finance companies:

  • HDFC
  • Mahindra and Mahindra Financial Services Limited (MMFSL)
  • Shriram Transport finance (STF)

1) National Housing Board (NHB):

  • About the company: NHB is wholly owned by Reserve Bank of India which promotes the network of dedicate housing finance institutions and works to make housing credit affordable.
  • Credit rating: Crisil rates this FD as FAAA. This rating indicates that the degree of safety regarding timely payment of interest and principal is very strong. FAAA is Crisil highest rating; hence investing in such fixed deposit schemes in India would carry low risk.
  • Minimum Deposit: Rs 50,000 and multiples of Rs 10,000 thereafter.
  • TDS: No TDS up to Rs 5,000 interest income.
  • Loan facility: No
  • Premature cancellation: Available subject to certain conditions.
  • Rate of interest: 1 Year to 5 years: 9.25% p.a. (compounded on quarterly basis)
  • Senior citizen benefits: Nil
  • Website – http://www.nhb.org.in/Deposit_Scheme/SALIENT_FEATURES.php

2) PNB Housing Finance Limited (PNBHFL)

  • About the company: PNBHFL is a subsidiary of Punjab National Bank and owned by Govt. of India.
  • Credit rating: Crisil rates this FD as FAA+. This rating indicates that the degree of safety regarding timely payment of interest and principal is strong. However, the relative degree of safety is not as high as for fixed deposits with 'FAAA' rating and investing in such fixed deposit schemes in India would carry low risk.
  • Minimum Deposit: Rs 10,000
  • TDS: No TDS up to Rs 5,000 interest income.
  • Loan facility: Up to 75% of the deposits available at PNB and PNBHFL
  • Premature cancellation: Available after 3 months
  • Rate of interest:
  • 1 Year to 3 years : 9.40% p.a.
  • 4 years to 5 years: 9.30% p.a.
  • 6 years to 7 years: 9.25% p.a.
  • Senior citizen benefits: 0.25% additional interest would be paid
  • Website – http://www.pnbhfl.com/deposits.aspx#interest

3) HUDCO

  • About the company: HUDCO is techno financing institution which is owned by Govt. of India.
  • Credit rating: Crisil rates this FD as FAA. This rating indicates that the degree of safety regarding timely payment of interest and principal is strong. However, the relative degree of safety is not as high as for fixed deposits with 'FAAA' ratings. Investing in such fixed deposit schemes in India would carry minimum risk.
  • Minimum Deposit: Rs 50,000 and multiples of Rs 5,000 thereafter.
  • TDS: No TDS up to Rs 5,000 interest income.
  • Loan facility: Yes
  • Rate of interest:

     

    • 1 Year –  9.00% p.a.
    • 2 years – 9.10% p.a.
    • 3 years – 9.20% p.a.
    • 3 years to 6 years – 9.00% p.a.
  • Senior citizen benefits: 0.25% extra interest.

Website – http://www.hudco.org/Site/FormTemplete/frmTemp1PLargeTC1C.aspx?MnId=72&ParentID=71

Also read: How to invest and get benefitted from company fixed deposits.

4) HDFC

  • About the company: HDFC is the largest housing finance company in India. With consistent performance for over three decades, HDFC Ltd. has earned its credibility from over 14 lakh depositors
  • Credit rating: Crisil rates this FD as FAAA. This rating indicates that the degree of safety regarding timely payment of interest and principal is strong. However, the relative degree of safety is not as high as for fixed deposits with 'FAAA' ratings. Highest Safety – AAA rating from both CRISIL and ICRA for 18 consecutive years. Investing in such company fixed deposit schemes in India would carry minimum or zero risk.
  • Minimum Deposit: Rs 20,000
  • Rate of interest:

     

    • 1 Year  – 8.90% p.a.
    • 2 years – 9.05% p.a.
    • 3 years – 9.15% p.a.
    • 4 years – 8.90% p.a.
    • 5 years – 8.90% p.a.
  • Website – http://www.hdfc.co.in/deposits/interest-rates.asp

5) Mahindra and Mahindra Financial Services Limited (MMFSL)

  • About the company: MMFSL is from Mahindra group one of the leading NBFC’s. It provides personalized finance to utility vehicles, tractors, cars, focusing on rural and urban sector.
  • Credit rating: Crisil rates this FD as FAAA. This rating indicates that the degree of safety regarding timely payment of interest and principal is very strong. Crisil highest rating is FAAA. Investing in such fixed deposit schemes in India carries very low or risk.
  • Minimum Deposit: Rs 10,000 and Rs 1,000 in multiples thereof
  • TDS: No TDS up to Rs 5,000 interest income.
  • Rate of interest:

     

    • 1 Year  –  9.25% p.a.
    • 2 years – 10.00% p.a.
    • 3 years – 10.25% p.a.
    • 4 years to 6 years – 9.75% p.a.
  • Senior citizen benefits: 0.25% additional interest would be paid
  • Website – http://www.mahindrafinance.com/fixed_deposit.aspx

6) Shriram Transport finance (STF)

  • About the company: STF is from Shriram Group conglomerate which has presence in financial services i.e. commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds
  • Credit rating: Crisil rates this FD as FAA+. This rating indicates that the degree of safety regarding timely payment of interest and principal is strong. However, the relative degree of safety is not as high as for fixed deposits with 'FAAA' ratings.  Investing in such fixed deposit schemes in India would carry minimum risk.
  • Minimum Deposit: Rs 25,000 and in multiples of Rs 1,000 thereof
  • TDS: No TDS up to Rs 5,000 interest income.
  • Premature withdrawal: Available after 3 months.
  • Rate of interest:

     

    • 1 Year  – 9.25% p.a.
    • 2 years – 9.75% p.a.
    • 3 years to 6 years– 10.75% p.a.
  • Website – http://www.stfc.in/deposits.aspx

Comparison chart of all these 6 best company fixed deposit schemes in India.

Best company fixed deposit schemes in India to invest in 2013

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Suresh
Best company fixed deposit schemes in India to invest in 2013

Article by Suresh

Suresh KP i.e. me have written 500+ articles on this blog. I love doing analysis and identifying the Best investment options.

49 Comments

  1. ramakrishna says:

    hi

    can u plz suggest me … what to do…

    i havent got my maturity principal amount for unitech fdr no-1247326, name- d.v.ramakrishnarao, principal amount RS 800000, maturity date may-2014
    every time unitech person tells some ecuse and extendes a month after another.. 4 months passed by…but i still didnt get my principal amount.

    regards
    ramakrishna

  2. Praveen says:

    I’ve deposited 8Lacs in Unitech Limited for 3 years about an year ago. Now I want to do premature withdrawal due to personal emergency, but got to know that company has defaulted the maturity payment and its not considering premature withdrawals. I’ve registered complaint on MCA portal but that didn’t helped.

    Now I am planning to go to Company Law Board.

  3. bhavna manish makodia says:

    I  would like to inform you that  I, Bhavna Manish Makodia having FDR with Unitech ltd  company and details are here under.

     

    FDR No. B076460

    Folio No. 1201391

    Period :  12.10.2010 to 11.10.2013

    Deposit Amount   6,00,000/-

    Interest amt  2,71,303/-

     

    My FDR is due on 11.10.2013  So I request them to release  my FDR on maturity date many times. I also received the interest amount chq. No. 077989 – IDBI Bank Of interest amount of Rs. 271303/- dated 12.10.2013. But my maturity amount still not released. So let me know that when they released the interest and principal amount.

     

     

  4. M.N.Srinivas says:

    I HAVE INVESTED Rs.50000/- in F.D at 8.75% for 36 months that is 3 years,but i prematurdly withdrawn the same before 2 month of the maturity date and i was credited with 48924/- i was told that Rs.1076/- adusted towards interest i want to know how they calculated this amount.

     

    • Suresh KP says:

      Hi Srinivas, They would have deducted 2% as pre-closure charges. The amount deductes come to 2.15%, not sure whether they deducted any addl charges over and above it. BTW, have you got 3rd year interest ? Ideally, they should have deducted the amount from last interest to be payable and not from principal.

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