NEWS & ADVICE : FIXED DEPOSITS
Know all about non-bank fixed deposits
By Neelima Shankar
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Rating of a company: There are certain institutes like CRISIL, ICRA that rates a company that is based on net owned fund (NOF) of the company, certain ceilings and slabs (ex: NOF more than Rs 200 lakhs be rated in certain category and so on). So, based on the rating a person decides on whether he/she should invest in a certain company or not.

Interest rates: Non-bank fixed deposit schemes offer higher interest rates than regular any banks. This is one of the major reasons why people prefer company fixed deposit schemes these days. The interest rate offered on the FDs is limited to a maximum of 12.5% by the Reserve bank of India and the interest rates can change from time to time. A person has to stay updated about the change in interest rates of banks before investing in any such schemes. The interest rates available today in market ranges from 9% to about 12.25%.

Pre-mature withdrawals: Premature withdrawals are permitted in non-bank fixed deposit schemes and the lock in period of these schemes is 3 months. Interest accrued and penalties are as per the terms and conditions of the company.

Benefits of Company fixed deposit:-

There are few benefits of company fixed deposit that makes it preferable over other counterparts and they are as follows:

1.Interests rates on company fixed deposits are generally are 2 to 3% higher than the bank fixed deposits.

2.It is mainly suitable for short term as they earn better income with good liquidity.

3.The non-bank deposit scheme also provides nomination facility.

4.The application process and eligibility clauses for company fixed deposits are much simpler than those of regular bank fixed deposit scheme which makes easier for investors to invest in company FDs.

Providers of company fixed deposit in India:-

Bajaj Capital

Mahindra Finance

Dewan Housing Finance

Sundaram Finance

 

 


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(Comments Posted : 9) Post Your Comments
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max william (Posted: Aug 20, 2017)
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FUNDING APPLICATION FORM
***************************

Regards
1) Full Name:.....
2) Gender:........
3) Loan Amount Needed:...
4) Loan Duration:.
5) Country:.......
6) Home Address:..
7) Mobile Number:..

LOAN APPLICATION FORM

***************************
8) Fax Number:......
9) Occupation:....
10) Monthly Income:..........
11) Salary Date:....
12) Purpose of loan;...
13)email id................
Note that I give out loan Between the range from $5,000 to $500,000,000.00

Awaiting your swift response.



May God bless you.
Financial Director
C.E.O Mr, Mohamed Aliu
Mohamed (Posted: Jun 24, 2017)
3. Getting a legitimate loan have always been a huge problem To clients who have financial
problem and need solution to it. The issue of credit and collateral are something that
clients are always worried about when seeking a loan from a legitimate lender. But.. we have
made that difference in the lending industry. We can arrange for a loan from the range of
$2,500. to $500,000.000 Our Services Include the Following: Debt Consolidation Second
Mortgage Business Loans Personal Loans International Loans Auto Loans Family loan Loan for
any kinds E.T.C Email: mohamed.aliu299@gmail.com

FUNDING APPLICATION FORM
***************************

Regards
1) Full Name:.....
2) Gender:........
3) Loan Amount Needed:...
4) Loan Duration:.
5) Country:.......
6) Home Address:..
7) Mobile Number:..

LOAN APPLICATION FORM

***************************
8) Fax Number:......
9) Occupation:....
10) Monthly Income:..........
11) Salary Date:....
12) Purpose of loan;...
13)email id................
Note that I give out loan Between the range from $5,000 to $500,000,000.00

Awaiting your swift response.



May God bless you.
Financial Director
C.E.O Mr, Mohamed Aliu
Mohamed (Posted: Jun 24, 2017)
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