Avdhoot Investment provides you wide range of Corporate Fixed Deposits options for Individuals, Senior Citizen, Corporate & Trust in below listed Financial, Banking and Manufacturing Companies.
Manufacturing Company for Fixed Deposit.
- Godrej & Boyce Ltd
- Pudumjee Paper Products Ltd.
- JK Tyre & Industries Ltd.
- JK Fenner India Ltd.
- Alembic Pharmaceutical Ltd
- Atul Ltd
- Ceat LTd
- Deepak Nitrate Ltd
- Gujarat Apollo Industries LTd
- Godrej Properties
- Godrej Industries
- Jindal Steel & Power Ltd
- NTPC
- JMC Projects LTd.
- Network 18
- Pratibha Industries
- Ravalgaon Sugar Farms Ltd
- Supreme Petrochem
- Vadilal Industries Ltd
- United Spirit
- KTDFC
Finance Company for Fixed Deposit
- HDFC Ltd
- Gruh Finance Ltd
- Aadhar Housing Finance
- Bajaj Finance (Finserv).
- Mahindra & Mahindra Finance Services Ltd
- PNB Housing Finance Ltd.
- LIC Housing Finance Ltd.
- Dewan Housing Finance Ltd. (DHFL)
- Shriram Trasport Finance Company Ltd
- Shriram City Union Finance Ltd
- Sundaram BNP Paribas Home Finance.
A Fixed Deposit (FD) involves depositing a certain amount with a banking or a non-banking institution for a fixed period of time and for a fixed rate of interest. The depositor receives interest on a monthly, quarterly or annual basis for the fixed tenure. Post that, the principal amount is returned to the investor.
Am I eligible to invest in a Fixed Deposit?
If you are a resident individual, you can certainly avail Fixed Deposit schemes, irrespective of your age. Hindu Unified Family, private or public limited company, society and a partnership firm too are eligible to invest in an FD. NRIs can invest in NRE and NRO based fixed deposits.
How much money can I lock in a Fixed Deposit?
The lower limit and upper limit vary according to the bank. However, we must mention that if you wish to invest above Rs. 1 crore, you can avail a special customized interest rate from the bank.
What’s the minimum and maximum tenure of investment in an FD account?
While the minimum tenure of a fixed deposit can be seven days, the maximum tenure can be 10 years.
How will I receive the interest amount?
If you have deposited your money under the traditional scheme, the interest is credited to the given Savings Account on a monthly or quarterly basis. If you have opted for the reinvestment scheme, a compounded interest is added to the principal amount, every quarter and is reinvested. You can choose to receive the interest amount on a monthly, quarterly or annual basis.
Are there special rates for senior citizens?
Most finance institutions do offer special interest rates for senior citizens. This can be availed by them even if they apply for a Fixed Deposit with a co-applicant who isn’t a senior citizen.
Can I break a Fixed Deposit before maturity?
Yes. If you need funds urgently, you can avail premature withdrawal of your fixed deposit. You can either break your FD or partially withdraw it.
Will I have to pay penalty to withdraw FD before its time?
Yes. If you wish to close your fixed deposit account, your bank/finance institution will pay you 0.5 to 1 % lower interest.
Are there any tax benefits associated with an FD?
The interest you will receive on your fixed deposit amount is taxable. However, you can submit Form 15G to the bank to avoid deduction of tax.
How does loan against FD work?
Instead of paying a penalty by breaking your FD, you can opt for a loan against the deposited amount. By doing so, you not only get money to deal with your emergency, you still earn interest on the money deposited in the bank. You can avail a loan of up to 70 to 90 % of your FD amount. The amount varies depending on your bank.
The interest on the loan amount is generally 2 – 2.5 % higher than the interest rate paid on your Fixed Deposit. However, the interest rate is generally still lesser than what you would pay for a Personal Loan.
How’s the risk coverage with an FD?
In case of unforeseen circumstances, the fixed deposit amount can be claimed by the nominee on maturity. This can differ depending on the mode of holding.
For Investment in above products call us on 9825472919 or mail us on sameer.lic@gmail.com for current interest rates.
