Product Details
Corporate Fixed Deposits
Chennai
A Quality Product from
CHOLAMANDALAM INVESTMENT SERVICES [View Profile]
Chennai - India
Description :
Fixed deposits in companies that earn a fixed rate of return over a period of time are called Company/Corporate Fixed Deposits. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits. Deposits thus mobilized are governed by the Companies Act under Section 58A. These deposits are unsecured, i.e., if the company defaults, the investor cannot sell the company to recover his capital, thus making them a risky investment option.
Benefits Of Investing In Company Fixed Deposits:
High Interest.
Short term deposits.
Lock-in period only 6 months.
No income tax is deducted at source if the interest income is upto Rs 5000/-in one financial year
Investment can be spread in more than one company, so that interest from one company does not exceed Rs. 5000.
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CHOLAMANDALAM INVESTMENT SERVICES deals in :
Cholamandalam Investment Services is the company which has life Insurance as well as General Insurance Solutions.
The compny also provide you the Investment option.
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