Corporate FDs provide an opportunity to earn better returns than a traditional fixed deposit.
These fixed deposits are offered through trusted and reputable financial institutions that Grip Invest carefully selects.
Investors receive fixed, regular interest payments as per the terms of the corporate FDs
This fixed deposit has high credit ratings and is regulated by the RBI, ensuring safety and reliability for investors.
REASON AND BENEFITS
Fixed Returns
Corporate FDs offer better returns than traditional bank fixed deposits. Great for investors seeking better returns while maintaining relatively low risk.
Flexible Investment Options
Company FDs have a variety of flexible tenure and payout options for investors. Choose from different short to long-term options with monthly, quarterly, or yearly payouts.
Safety
Corporate FDs available on Grip Invest are offered by some of the largest, highly-rated Non-Banking Financial Companies (NBFCs) and Small Finance Banks.
Accessibility
Investors can start with the minimum investment amount of just Rs 1,000.
How to Invest?
- Independent Credit Ratings: The issuer/s of Corporate Fixed Deposit are rated by reputable credit rating agencies like CRISIL and ICRA, which evaluate the issuer’s financial health and creditworthiness. Ratings typically range from AAA to A, providing transparency into the safety and risk profile of each fixed deposit.
- Tenure: Choose the tenure of FDs based on your financial goals.
- Cumulative: Interest compounded monthly and paid at maturity. Non-cumulative: Monthly, quarterly, half-yearly, or annual interest payout options available.
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Frequently Asked Questions
What is the minimum investment amount for fixed deposits on Grip Invest?
- The minimum investment amount for fixed deposits starts from INR 1000. Grip Invest provides details for each bank’s FD schemes so you can choose the one that suits your needs.
Can I calculate by FD returns on Grip Invest?
- Yes. Grip Invest provides a returns calculator that helps you estimate your returns based on the investment amount , tenure and interest rate.
Which bank has the highest FD rate?
- Shriram Finance currently offers the highest fixed deposit interest rate at up to 9.41%. This rate is exceptional compared to industry standards and reflects the competitive offerings by small finance banks aimed at attracting depositors seeking higher returns.
Am I eligible to invest in FDs?
You can invest in Fixed Deposit if you are:
- Resident Indians
- Hindu Undivided Family (HUF)
- Group Companies, Limited Companies, Partnership Firms
- Sole Traders
- Associations, Clubs and Societies
- Family Trusts
- Minors (through their natural or legally appointed guardian)
What happens to my fixed deposit if the interest rate goes up or down?
- FD is locked with a specific rate, you will continue to receive that rate till maturity, even if the interest rate changes later. If you wish to avail the new rate, you need to invest in a new fixed deposit.
