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 –

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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Best company fixed deposit schemes in India to invest in 2013

The Author

Suresh KP

Suresh KP i.e. me have written 1,800+ articles on this blog. I love doing analysis on various Best Investment Plans like mutual funds, Stocks, IPO's, NCD Bonds, Insurance products. If you like our blog, you can share some of the good articles on your Facebook or Twitter. This would be the BIGGEST gift which you would be giving to us.

49 Comments

Add a Comment
  1. Please guide me about the company Pancard Clubs Ltd. investment plans in room booking .
    How it is safe to invest.
    How the company is safe.
    If I taking marketing career in this company.

    1. Susanta, There are several complaints logged against the company which they earlier promised to give very very high returns which I feel is not possible. My personal advice is stay away from such companies.

      1. hi firstymr suresh i would like to tell you that pancard club is not investment or finance company they are in time share means advace booking of there hotel , resort if you are not  utilised that amount you will gate refund with nominal interest  also thaey give insurance cover free with every policy so susanta you can booked your room ans com last 23 years giving best service to there memebers

         

         

         

         

  2. Your advice is the best I find.

  3. Hi Suresh,

    Could you please suggest some of the best corporate fixed deposit schemes to invest for a period of 1 year with moderate risk and high returns.

    Thanks in advance,

    Shobana

  4. Dear Suresh,

    How safe is it to invest in bonds with Moototh finance, promising me to pay intrest on a monthly basis by cheque? Could you also let me know their rating by the credit agencies?

     

    1. Hi Jimmy, Looks you are not following our blog regularly. I keep publishing the analysis on new investment products as and when I come to know. Please check this article about analysis on Muthoor Finance NCD. https://myinvestmentideas.com/2013/09/muthoot-finance-ncds-sep-2013-interest-rate-up-to-12-55-can-we-invest/

  5. Dear Sir,

    I am a retired senior citizen and depends only on the interest on FDs. I want to invest 8-10 lac in Shriram Motor Finane Company for 3-5 years. Kindly guide:

    (1) Is my money safe in this company?

    (2) Appropriate limit of the amount for seafty point of view.

    (3) Appropriate time period.

    Thanking you,

    Ajay Mishra

    1. Hi Ajay, Shriram Transport is good company as of now.There is no such safety limit. Investment in company FD’s would carry some risk. Invest for short term of 2-3 years if you want to invest. 

    2. pls invest in pancard club

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