Deposit aka term deposit is an instrument by which one can deposit his / her savings for a prescribed period of time with a bank; financial institution, NBFC, etc. When the period of deposit elapses, the depositor is entitled to get the Principal investment back. The interest on the deposited amount may be paid on cumulative bases, annual, semi-annual, quarterly or monthly as the case may be depending on type of instrument.

Types of Companies offering Fixed Deposits

• Banks/Financial Institutions
• Non-Banking Finance Companies (NBFCs).
• Manufacturing Companies
• Housing Finance Companies
• Government Companies

Features and Benefits
Like Fixed Deposits with Bank Corporate Deposits offer comparatively higher returns than banks.

There are options to choose: the best tenure suiting your requirements; frequency and mode of interest payment; most deposit/bonds are non-transferable; pre-mature enchasment available subject to prescribed terms and conditions.

Types of deposit options are:

• Public Provident Funds (PPF)
• Senior Citizens Savings Scheme (SCSS)
• Floating Rate Savings Bond (FRSB)
• National Savings Certificate (NSC)
• Post Office Schemes and Deposits
• Government Securities (G-Secs)
• 54 EC Bonds by NHAI, REC, IRFC, etc.
• Deposits by housing finance companies like HDFC Ltd, ICICI Housing Finance Ltd, etc.
• Deposits by NBFCs like Mahindra and Mahindra Finance, Bajaj Finance, JM Financial, etc.

For more details on bonds / deposits and investment assistance, seek an appointment or reach out to us on details under contact.