Fixed deposits (FD) have been a much more popular investment option in India. But due to the fall in interest rates on bank FDs for some time, people are looking for an alternative, so that they can get better returns. Such investors can start investing in AAA rated Corporate Fix Deposits (Corporate FD). Corporate FD is popular among those who want a higher fixed return than bank FD. However, corporate FDs carry little risk.
Corporate deposits are issued by a company rather than a bank. Here the interest rate is higher than that of bank FD. The risk in corporate FDs is higher than that of bank FDs, as they are related to the business of companies. However, higher rated corporate FDs carry less risk and protect the investor capital. Let’s know about the interest rates on various corporate FDs.
Hawkins cooker
The maximum interest rate for the monthly frequency on Hawkins Cooker’s FD is 9 percent. The duration here is between 12 and 36 months. The securities rating is ‘stable by MAA / ICRA’ as of 12 March 2021.
Shriram City Union Finance
The maximum interest rate for monthly frequency on FD of this company is 8.09 percent. The duration here is between 12 and 60 months. The securities rating is ‘MAA + / ICRA stable and tAA by ind-Ra’ as of 12 March 2021.
Shriram Transport Finance
The maximum interest rate for monthly frequency on FD of this company is 8.09 percent. The duration here is between 12 and 60 months. The securities have a rating of ‘FAAA’ as of March 12, 2021.
Bajaj Finance
The maximum interest rate for monthly frequency on FD of this company is 6.79 percent. The duration here is between 12 and 60 months. The securities rating is ‘stable by FAAA / CRISIL’ as of March 12, 2021.
PNB Housing Finance
The maximum interest rate for monthly frequency on FD of this company is 6.50 percent. The duration here is between 12 and 120 months. The securities rating is ‘CRISIL FAA + / Negative, Stable by AA / CARE’ as of 12 March 2021.
ICICI Home Finance
The maximum interest rate for monthly frequency on FD of this company is 6.25 percent. The duration here is between 12 and 120 months. The securities rating is ‘FAAA / CRISIL Fixed, MAAA’ as of March 12, 2021.
HDFC
The maximum interest rate for monthly frequency on FD of this company is 6.25 percent. The duration here is between 33 and 99 months. As of 12 March 2021, the securities rating is ‘Stable by FAAA / CRISIL, Stable by MAAA / ICRA’.
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