5 Top Rated Company Fixed Deposit Schemes for superior returns
The fixed deposit scheme would provide you with stable and fixed income, irrespective of interest rate fluctuations and market fluctuations. However, banks are offering FD schemes with low interest rates. In such situation, fixed deposit schemes offered by companies / corporates would help you to earn higher interest. In this article, I would provide the top rated company fixed deposits, their features, interest rates and how they can help you get higher interest rates.
What are company Fixed Deposits?
If you are familiar about company fixed deposits, skip this section. Companies/Corporates offer fixed deposit schemes for the general public to mobilize funds for their working capital or any other requirement. Since this is the easiest way to get money, many corporates approach this way. However, these are un-secured fixed deposit schemes. Means if something is happening to company performance and company is getting windup, the investors of the FD scheme would be given last preference (but before paying it to shareholders) to repay the deposit amounts. Hence, companies would issue such fixed deposits with high interest rates, which carries a high risk.
Also Read: Tamilnadu Power Finance Corporation FD Scheme Review
Then, is there any way we can reduce the risk and invest in such Corporate FD schemes?
Well, the only way to reduce the risk is to invest in a top rated company fixed deposit schemes. ICRA, Crisil, BWR have been rating companies/corporates and this could be a good indication about the performance of the company. I have analyzed a few top and best rated company FD schemes which you can invest now.
5 Top Rated Company Fixed Deposit Schemes for superior returns
1) NHB – Sunidhi Term deposit Scheme
National Housing Bank is wholly owned by RBI and has been formed to promote housing finance institutions and provide financial support for such institutions.
Features of NHB Sunidhi Term Deposit Scheme
- This FD scheme is available for 1 to 5 year period
- This FD scheme is available for cumulative and non-cumulative options
- Interest rates are 9.25% per annum.
- Annualised yield works out to be 9.58%.
- Senior Citizens would get an extra interest rate of 0.60% more compared to others.
- Individuals / HUF / Association of persons / Firms can invest in these Fixed deposit scheme
- Minimum deposit of Rs 50,000 and multiple of Rs 10,000 there on.
- Premature withdrawal available with certain conditions
- No TDS in case interest in a year does not exceed Rs 5,000. If interest is exceeding Rs 5,000, TDS would be deducted on total interest amount (not just beyond Rs 5,000) based on applicable tax laws.
- Crisil given the rating as FAAA which indicates highest safety regarding timely payment of interest and principal is strong
- Since this is wholly owned by NHB these are less risk
- More details about NHB FD scheme can be checked at this link
2) Mahindra Finance – FD Scheme
Mahindra Finance is wholly owned by Mahindra and Mahindra Ltd. This is a non-banking finance company focused on financing in urban and rural sector.
Features of Mahindra Finance Fixed Deposit scheme
- This FD scheme is available for 1 to 5 year period
- This FD scheme is available for cumulative and non-cumulative options
- Interest rates are between 9% to 10.25% per annum
- Annualised yield for 5 year FD scheme works out to be 11.85%.
- Senior Citizens would get an extra interest rate of 0.25% more compared to others.
- Individuals / HUF / Association of persons / Firms can invest in these Fixed deposit scheme
- NRI’s can invest in this Mahindra Finance FD scheme on non repatriation basis. The amount should be transferred from NRO account only. The interest also would be transferred to NRO account.
- Minimum deposit of Rs 10,000 for cumulative interest option and Rs 25,000 for half yearly interest option and Rs 50,000 for yearly interest non cumulative option
- Premature withdrawal available with certain conditions
- No TDS in case interest in a year does not exceed Rs 5,000. If interest is exceeding Rs 5,000, TDS would be deducted on total interest amount (not just beyond Rs 5,000) based on applicable tax laws.
- This is rated as FAAA which indicates highest safety regarding timely payment of interest and principal is strong
- More details about Mahindra Finance FD scheme can be checked at this link
Also Read: How to multiply real estate properties without any extra investment?
3) PNB HFL – FD scheme
PNB Housing Finance Limited is a joint venture of Punjab National Bank (74% stake) and Destimoney Enterprises Pvt Ltd (26% stake) which provides housing finance.
Features of PNB HFL Fixed Deposit scheme
- This FD scheme is available for 1 to 5 year period
- This FD scheme is available for cumulative and non-cumulative options
- Interest rates are between 9.40% to 9.65% per annum
- Annualised yield for 5 year FD scheme works out to be 11.81%.
- Senior Citizens would get an extra interest rate of 0.25% more compared to others.
- Individuals / HUF / Association of persons / Firms can invest in these Fixed deposit scheme
- NRI’s can invest in this PNB HFL FD scheme on non repatriation basis. The interest also would be transferred to NRO account.
- Minimum deposit of Rs 10,000 for cumulative interest option and Rs 20,000 for half yearly interest option.
- Premature withdrawal available with certain conditions
- No TDS in case interest in a year does not exceed Rs 5,000. If interest is exceeding Rs 5,000, TDS would be deducted on total interest amount (not just beyond Rs 5,000) based on applicable tax laws.
- Crisil given the rating as FAAA which indicates highest safety regarding timely payment of interest and principal is strong
- More details about PNB HFL FD scheme can be checked at this link
4) DHFL – Aashray Deposit Plus
Deewan Housing Finance Limited (DHFL) is one of the largest private housing finance company in India. DHFL has been assigned a rating ‘CARE AA+’ by CARE and ‘AAA’ by Brickworks for various secured long term debt instruments and CRISIL have assigned ‘CRISIL A1+’ rating for short term debt.
Features of DHFL Aashray Deposit Plus FD Scheme
- This FD scheme is available for 1 to 7 year period
- This FD scheme is available for cumulative and non-cumulative options
- Interest rates are between 10% to 11.25% per annum
- Annualised yield for 5 year FD scheme works out to be 15.45%.
- Senior Citizens would get an extra interest rate of 0.25% more compared to others.
- Individuals / HUF / Association of persons / Firms can invest in these Fixed deposit scheme
- NRI’s can invest in this DHFL FD scheme on non repatriation basis. The interest also would be transferred to NRO account and a maximum deposit period would be for 3 years only.
- Minimum deposit of Rs 10,000 for cumulative interest option and Rs 20,000 for monthly/quarterly/half yearly/yearly interest option.
- Premature withdrawal available with certain conditions
- No TDS in case interest in a year does not exceed Rs 5,000. If interest is exceeding Rs 5,000, TDS would be deducted on total interest amount (not just beyond Rs 5,000) based on applicable tax laws.
- BWR rated as FAAA which indicates excellent credit quality and CARE rated this as AA+ which indicates high quality by all standards and high investment safety.
- More details about DHFL FD scheme can be checked at this link
Also Read: How to invest retirement money in India for higher returns?
5) Shriram Transport Finance – Unnati FD Scheme
Shriram Transport is one of the largest transport finance company in India.
Features of Shriram Transport Finance Unnati FD Scheme
- This FD scheme is available for 1 to 5 year period
- This FD scheme is available for cumulative and non-cumulative options
- Interest rates are between 8.88% to 10.75% per annum
- Annualised yield for 5 year FD scheme works out to be 13.32%.
- Individuals / HUF / Association of persons / Firms can invest in these Fixed deposit scheme
- Minimum deposit of Rs 5,000 for cumulative interest option and Rs 10,000 for monthly/quarterly/half yearly/yearly interest option.
- Premature withdrawal available with certain conditions
- No TDS in case interest in a year does not exceed Rs 5,000. If interest is exceeding Rs 5,000, TDS would be deducted on total interest amount (not just beyond Rs 5,000) based on applicable tax laws.
- ICRA rated this as MAA+/Stable. The high-credit-quality rating assigned by ICRA. The rated deposits programme carries low credit for medium term.
- More details about Shriram Transport Unnati FD scheme can be checked at this link
Conclusion: My suggestion is that investors who want superior returns, but willing to take risks can invest in such FD schemes. Since these are top rated FD schemes, I feel the so called ‘risk’ would be less.
Readers, I would love you hear from you about these FD schemes. Have you invested in these schemes? If yes, what is your experience?
If you enjoyed this article, share it with your friends and colleagues on Facebook and Twitter.
Suresh
Top Rated Company Fixed Deposit Schemes for superior returns
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The details regarding the SUNIDHI Deposit Scheme of National Housing Bank is incorrect. This deposit scheme has been discontinued with effect from August 2017.
Moreover the interest rates indicated are also incorrect. You can check these on their website.
Hello Easwaran, the article was written in 2014. Hence discontinuation of such FD in 2017 would not affect the article content.
I want to invest Rs 1 Lacs in most secure way, and monthly income more then 10% of insert kindly guide me in this regard
Hi Babu, Expecting a 12% to 15% annualised returns are okay, but not 10% per month. If you still wish you can try investing in stocks that are high risk and not secured way which you are talking about
Interest percentage for senior citizen on long term basis, interest payable on quarterly for an amount above Rs 25/ Lakhs.
I want to invest 30 Lakhs in monthly income plan. Please guide if LIC Jeevan Shanti is a safe bet or any equally safe with more interest yield option can be availed.
Many Thanks
I want to invest Rs 7 Lacs in most secure way, kindly guide me in this regard .
I want to invest in Co's FDR but these interest rates are very old which you have mention in this criteria.please update asap.
the persons who are leaving a reply why dont you give your telephone nos or email id
Kindly Sent Me the list of most rewarding Fixed Interest earning schemes
The rates need to be updated as those shown here are old rates. I have invested in sriram transport fixed deposit&their service is very good.
Looks like these interest rates are old and latest interest rates are much lower than listed above. You can get latest rates from respective company websites. I have invested in DHFL, Mahindra and Shriram and their services are excellant.
Refer this article https://myinvestmentideas.com/2017/05/top-company-fd-schemes-in-2017-offering-upto-10-5-yield/
I want to invest in these FD so can you tell me it is possible to received monthly interest ?
I am intrested in investing small amount as fixed deposit please gauide
Guide me about investment please…. I need to be helped?
Yes, DHFL , Shriram Transport pay better interest, they send you intimations about renewal, interests are credited to your account. I have invested in these companies and so far no issues. Beginners can start by investing minimum amounts mentioned in the Company’s brochure. If you are satisfied by their services you could add additional amounts on renewal after a year or two. DHFL Swayamsiddha is exclusively for women with a slightly higher interest rate.
Very good analysis
Good articles on investments
Any one can guide on NRI investment in repudiated & reliable corporate sector.
Able to Repatriate interest and capital.
I am so happy.This is a knowledge site
DHFL is outstanding as per my personal experience since last 10 years..
Invested in DHFL 3 times, just outstanding experience..
Sir,
we have fd in unitec. all fd mutured still not gets refund.
help how we can gets returns our money.
Thanks
THIS IS GOOD FINANCE SOLUTION, BUT WE HAVE AWAER.
these is a latest interest means Oct 2016.
I AM RETIRED SENIOR CITIZEN I WANT TO INVEST FD WHICH GIVE MONTHALY INT WITH HIGH RETURNS AND LOW RISKS COMPANIES WITH ECS FACILITY AND MATURITY ALSO ON ECS PAYMENT
I HAVE INVESTED IN JPA IN WHICH THE MATURITY AMOUNT NOT YET RECD WHICH SUPPOSE TO RECEIVE ON SEPT 2015
NOW MY MONEY IS BLOCKED AND NO ASSURANCE WHEN I WILL GET BACK
SO IT IS VERY CLEAR THAT THE COMP WHICH IS SOUND TO GIVE MATURITY AMT
BEFRORE INVESTING IN JPA WAS VERY GOOD WITH GOOD RETUNRS BUT N 3 YEARS SPAN
THE COMP IS NOWHERE
dear sir, many thanks for your artilce. but as i have lost a huge amt. of money in investing in a NBFC CO. (ALPIC FIN.) i am always worried about loss of cap.
so,sir, is there any chance to winding up of a co. without paying cap. for their investor?
Kaushik, Bad to hear your story. company FD’s are unsecured in nature, hence in case of windup of company, you may or may not your capital + interest.
I have to invest some rupees for no risk high return pl guide
Vinod, In such case, bank FD’s would be better for you
I have to invest in f.d. of rs 400000.00 for one year pl advise maximum interest co
.
I would like to deposit in National Housing Bank for a period of 1 year approx 2 lakhs how much I get return
Need a FD which can give me maximum return on monthly basis.
Interest shown above for DHFL is an old one. The rates have been revised w.e.f.30.4.2016. Please update the latest interest rates of DHFL and also other companies.
Pls suggest which company is performing well whom we can deposit hard earned money to get monthly intetest payout…
Rajendrna, All these are rated as good as they are performing well. You can invest in 2-3 companies to diversify any risk.
Hello Mr Suresh or any other reader pls give me review of Muthoot corporate FD. & Muthoot health insurance & Muthoot other products. Thanks.
19.02.16 – Srinivasalu
Could any one tell me currently which one is paying highest FD for 12 to 60 months
I am a retired person & now my income has to be based on interest income. Naturally I was looking for the best rates available. Out of the above list of companies, I had invested an amount of Rs 5.00 lac as FD in Shriram Transport Finance Company on 05.11.15. After almost 2 months, I am yet to receive my FD Receipts acknowledging the Deposits.
Repeated telephonic & e mail reminders have failed to elicit any reply from the company. The Mumbai Office has been saying that certain KYC documents have not been forwarded by the Guwahati Office (where I had applied). However, these documents had already been submitted by me along with my application in the first instance itself. When the Guwahati office is contacted, it says that it had forwarded these documents a second time on receipt of query from Mumbai.
The Company website has a page for grievance / complaints which I found to be non functional altogether though I had registered myself as an investor / stake holder on the same site. Only one mail sent to the registrar (an outside Agency) has elicited a response; stating that for grievance relating to FD another address should be contacted. Even the e mail address obtained after repeated telephonic queries or the Company Secretary’s Office have not responded.
I am left in the dark as to what redressal is available to me.
Quite apparently, the company’s processes are not up to the mark, & the Company should seriously consider getting itself ISO 9001:2008 compliant so that its internal processes are made more efficient.
Be that as it may, kindly DO NOT RECOMMEND this company (Shriram Transport Finance Company) to your Readers for investment since they may equally suffer the same consequences as me.
I only wonder how the Company has managed to get a triple ‘A’ rating from Crisil & a double ‘A’ rating from ICRA.
In contrast, DHFL service is superb. Mahindra Finance had promptly responded to my report of delay of two weeks within one day, & the grievance of non receipt of FD Certificate was immediately redressed thereafter.
Since this company (Shriram Transport Finance Company) is a NBFC accepting / collecting deposits from the public, I wonder if I could now consider reporting to the RBI & to both the above credit rating Organisations about my plight & the company’s response or actually lack of it.
Sad to hear this Tri. Regd your question on how A rating is giving to such companies, this rating is about company performance. However if you see your issue is more relating to poor customer support. You should complaint to Ministry of Corp Affairs or RBI
Actually, you are right. I should complain to both RBI & the Ministry of Corporate Affairs since this is an Non Banking Financial Company & after accepting Public Deposit there has been deficiency of service. Additionally, since the Crisil rating is related to “High Degree of Safety” & the ICRA rating is related to “High Credit Quality”, I should report to both these Agencies.
My purpose of reporting my experience is inly to inform as many people as possible about what they could also suffer. The Company should also realise that service is what is expected.
I do not even know if I have lost my entire money!!!!!
sir please use Twitter and #tag as many authorities as you can, including the company officials. In fact drop a link here and we’ll re-tweet it. Let the world know how poor their backoffice operations are and why its not worth investing in such cos.
contect number five diposite scheme compny
Dear suresh, made the mistake of investing in a company FD without much due diligence. The company cheques have bounced and a substantial portion of life savings are wiped off. I have filed a court case (civil). The company has made a loss this FY. What if anything can I do? Please advice.
Sir, Iam 59 yr old. I was doing business. Now I am retired person. I need a good return every nonth to run my
family. I invested in banks by fd. But now-a-days bank interested rates are very low. I can*t meet out my monthly expenses. So, pl.suggest me shall I invest in corporate fd, or in mutual funds like Birla sun life/ICICI
prudential. I want monthly/quarterly returns. My priciple amount also to be secure.I need minimum 12% return for my investments. Pl. suggest me. Thanks & regards.
Please also highlight on FDs of Tamil Nadu Powe and Infrastructure Development Corporation Ltd and Kerala Transport Development Finance Co Ltd. These are state government undertakings, interest rates are more and importantly, safe.
These are 100% safe as they are owned by respective state governments.
Dear Mr. Suresh
I have left a secured job and now in a private ltd. company where there is no deduction of PF etc. I have received a good amount of PF from my previous company which I want to save for my future. I am 52 years old and having two sons who are studying. I want to invest this money in FDs of private companies at minimum risk. what will be best for me, please suggest.
Thanks
Atul Srivastava
Dear Mr Suresh
When I was working as VP for a mfg group in Pune in 2008, one ICICI prudential insurance sales manager came to me for taking an insurance. I had Rs. 1,00,000 at my disposal at that time, to be invested, and so I told I am interested in investing this one lakh as a one-time payment and I made very clear that I cannot make another payment. He assured it is only
one -time payment and paying more in coming years is only optional. He said I will get back my money after 8 years.
Meanwhile, I resigned my job and settled in Coimbatore.
Now, during 2014, I got a call from ICICI saying that some amount is pending for me at ICICI. I went to their local branch office to collect this amount. To my shock, they said they are paying me only 20,000. When I asked for the reason, they said I have paid only the first year premium and subsequent premiums are not paid by me. I met the CRM manager there and explained. He admitted that it was a misguided sale by his sales manager, done to me.
When I made a complaint to ICICI office at Mumbai, they said they had sent sms to my mobile reminding me to pay second premium. But the mobile no. which they said they had sent reminder sms, is not mine .
Now Is there a way to get my money back. ( I refused to accept that 20,000 also in 2014 ).
Will approaching consumer court can solve this issue ?
Pl. guide me.
Regards
Sornam
Very Sad to hear this Sornam. Pls check this article which might help you. https://myinvestmentideas.com/2014/10/how-to-complaint-against-insurance-company-when-there-is-no-response/
Mr suresh there is no security exists in financial world interms of FD even in bank . But we consider bank FD as secured . But FD also has interest risk on long term. If you need capital protection than move to insurance or good MF with capital protection fund with better return from FD including Tax .
IS IT THE CURRENT UPDATED FIGURES OR OLD ONE? PLEASE REPLY.
Hi,
I want to be the broker for SRIRAM. what are the formalities.
Hi, Suresh
Where do you think our capital plus interest will be secured 100% by investing bank fds
or non convertible debenture (NCD)………….?
Sayed……………….
Bank FD’s are relatively safer. It would be 100% safer when you invest in nationalised banks FD’s
Hi All,
If any one interested in Shriram Group Fd (Shriram Trasport or Shriram Cityunion).
ICRA- AA+
CRISIL – AA+
CARE – AA
WE WILL ALSO GIVE YOU THE AGENT COMMISSION.
IF ANY ONE INTERESTED PLS CONTACT.
9000165559
i want to know about investing method and interest on it. and how much will i get commission
Hi, Suresh
I just want to know about the term ‘privilege’ in DHFL FD Scheme, please let us know thanx…………..
Sayed
Sayed, Individual customers who are either existing DHFL shareholders / home loan borrowers, widows or armed forces personnel, Senior citizens (age above 60) are accorded privilege customer status and thus get an additional 0.40% interest rate.
Very helpful article. Thanks a lot!
tax free is just a word for advertisement and no tax free.
As you CFL you pay the savings to Manufacturer of CFL instead of electri company
what is the meaning. Nothing it is fun. Never think about tax . what ever is comming pay and rest you take for your use.
think always how to earn more. instead of tax saving [ neagative attitue ]
Dear sir,
I invested Rs 2 lacs in Ankur Drugs FD scheme.The company has not re-paid principal amount and interest despite FD got matured in March 14.What should I do?
Pls file complaint at ministry of corporate affairs. Here is the link. http://mca.gov.in/DCAPortalWeb/dca/monitoring.do?method=loadRegisterComplaint
Dear Sir, can u suggest some tax free bonds as well for investment and any drawback n them.
Thanks
Dear suresh , went through all ur recent comments!! very informative!! can you plz suggest me some diversified allocated portfolio for a amount of approx 15 lacs with a time horizon of 5 years!! Thanks !!
please suggest
sir,is it safe to invest in muthoot finance fd? it is giving 12% on 1 year fd.
Invest in in this FD / NCD considering the risks indicated here.
HI!
I have invested in Mannapuram Finance ltd. FD scheme which gives 12.25% non cumulative Monthly interest.
in 1 yr of my investment i have good experience with this company.
Please advise is it ok to invest around 5 lacs Rs in this company which is having CRISIL A+ Rating, currently i have invested 20K Rs just to check the scheme.
Waiting for your valuable advise
Regards,
Hitesh
You can invest considering the risk factors indicated in all my analysis about this FD scheme earlier.
Thanks for the insights. This is informative and very helpful. Thanks..
Hi, I am new baby to the stock market world, I would like initiate with the having FD in private companies listed above.
I have a question that, is the FD taxable on the short term FD plans at the end of Maturity when my FD amount doesnt cross Rs. 20000/-
FD Returns are taxable and you need to pay tax every year based on income tax slab applicable to you.
Thanks Suresh,
This is something that information which we really need.
I am very new in Investment field.I have just started my carrier (almost 3 yr).Can you suggest me such better option to save my money…
Regards
Bhawesh
IS IT NOT NECESSARY FOR GOVERNMENT NBFCs TO OBTAIN CREDIT RATING AS PER RBI RULES? I HAVE LOST MONEY DEPOSITED WITH STATE OWNED ENTERPRISE BECAUSE IT FAILED AND EVEN EMPLOYEES WERE NOT PAID SALARIES REGULARLY.
KINDLY ADVISE ME THE RATING OF TAMILNAU POWER FINANCE AND KERALA TRANSPORT DEVELOPMENT CORP.
Dear Sir,
Please suggest me the FD in which i dont have to pay tax on interest.
Regards
Hemant
No Hemant, for FDyou need to pay income tax based on your income tax slab. Alternatively you can invest in tax free bonds
Dear sir,
i'm planing to save 10000 per month. which is the good way to better interest? my capital needs to be safe. Bank FDs or non banking companies or any other? please help me. i'm ready to invest 10000 monthly.
thanking you
by nanda
Hi Nanda, If you want to invest in safe investments, best is to invest in bank FD/RD’s. If you can take small risk, invest in hybrid funds like HDFC Prudence fund or ICICI balanced fund
Hi, Suresh,
I am interested to investment Mahindra & Mahindra Finance or Shriram Unnati Fixed Deposits Scheem, please give your
value advise asap……….thnx…………
Hi Syed, They are high rated FD schemes. You can invest. Note these carry high risk too
Dear Suresh,
Thanks.I now get the confidence to invest in these FDs.
If it sounds too good to be true…………
If these things were legit, and not similar to the type of stories that end up on 60 minutes here in the U.S., why would anyone bother with cd's at 1-2%? I have no specific knowledge about this entity, I'm merely speaking to 11%, and "high interest = high risk."
Caveat emptor!
I agree with you Dr. Smith. These are high risk, high return schemes. However investing in top rated schemes would reduce the risk.
I have recently made investment of 10L in PNBHFL fixed deposit during there silver juiblee campaign. These guys are very reliable & i am very happy with there services, i have recommended others as well for PNB fixed deposit scheme.
Good to hear that Rohan.
Hi Suresh,
Small correction in DHFL.
For cumulative for 12 months, interest 10%
I invested couple of months back.
Shiv, This is what is indicated in DHFL table too (< Rs 25 Lakhs) Do you see incorrect info at any other place ? Please let me know.
EVEN TDFC ( tamilnadu transport finance corp ) is also a very reliable company to invest
Good to hear that Vimal. Have you invested? For how long ?
Hi suresh,
Excellent analysis for FDs.However I would also like to add 2 more Schemes to above list HDFC deposits and KTDFC deposit scheme.These 2 also provide good returns and high degree of safety.
Thanks
Thanks Dr.Saurabh.
Is Form 15G applicable in these company FD Schemes? Again, post tax return will be too low. Suppose, we invest 1 lakh in NHB Sunidi Term Deposit. One will get 9,580 return after 1 year but 10% tax will be deducted & one will get 8,622 rupees as interest; therefore, annualized return will be 8.62%, which is far lower than Tax free bonds (Just liquidity is an issue) & again, that of FD in banks.
One more point, 50K is minimum limit in these FDs & once you touch the benchmark of 55K (for 9.58% annualized return), you have to pay Income tax. If Form 15G is not applicable, you will not be able to deposit the same under the name of other non-earning member of your family.
Mohit, Form 15G/15H is applicable in all these FD’s too. You can provide this along with your application.
Hi Suresh,
May i know why you have not included Power Finance? As far as i have seen in your Earlier Power Finance article, it it the 0 risk high return company fixed deposit, i have ever seen.
Vignesh, You might be talking about TN Power finance corporation. I have considered Top-Rated Corporate FD schemes only. Like TN Power finance corporation there are several others which are Govt. owned and they are almost zero risk. The idea is to get highest returns.
Hi Suresh,
Thank you for the clarification. Can you please let us know few more Government Company FDs like TN Power Finance which carries zero risk?
Regards
Vignesh. S
Excellent elaboration of Corporate FDs. Kudos Suresh.
Thank you Surajit. If you liked it, please share this article on your facebook.
Thanx sir, I was waiting for this 🙂