Fixed Deposits
A Fixed deposit is a financial instrument where the investor deposits money for a specific period with a predetermined interest rate. The principal and interest are payable on maturity.
Manufacturing – Service Companies, Financial institutions and Non-Banking Finance Companies (NBFCs) accept deposits from investors.
An investor can be an Individual, Hindu Undivided Family (HUF), Companies, Minors (With the Guardian), NRI, Corporate / Companies, Partnership Firm, Trust, Charitable trust, or Cooperative Society.
NBFCs that accepts deposits are:
- Bajaj Finance Ltd.
- DHFL Aashray Deposit Scheme
- EXIM BANK OF INDIA
- GRUH Finance Ltd.
- HDFC Ltd.
- HUDCO.
- KTDFC Ltd.
- LIC Housing Finance Ltd.
- Mahindra and Mahindra Financial Services Ltd.
- NATIONAL HOUSING BANK
- PNB Housing Finance Ltd.
- ICICI Housing Finance Ltd.
- Shriram Transport Finance Co. Ltd. UNNATI Scheme
- Shriram City Union Finance Ltd.
- SIDBI.
- Sundaram Finance.
Company Fixed Deposit intermediary (IFA) is also known as Company Fixed Deposit Advisors, Company Fixed Deposit Distributors, Company Fixed Deposit Brokers, Company Fixed Deposit Consultants, Company Fixed Deposit Agents.
Bonds
Seeking stable, lower-risk returns
Bond means a security issued by a Company, Financial Institution or Government, which offers regular or fixed payment of interest in return for borrowed money for a certain period of time which may be secured or unsecured.
Bonds, also known as fixed-income securities, are issued by companies and governments as a way of raising money. They’re basically an ‘I.O.U’ – designed to provide a regular stream of income (which is normally a fixed amount) over a specified period of time.