The answer is yes.They are still one of the safest form of fixed income investments.Due to the current economic stress, institutions and companies with poor financial health and high NPA’s might face difficulty in servicing their debt obligations. Therefore, we advise you to stick with high quality (AAA rated) fixed deposits.
Why Invest in Corporate FDs?
These are relatively low risk investment products that gives you a higher return compared to a conventional bank FD.*
Senior citizens (investors above the age of 60) and existing customers/employees of the company get additional benefit of +1.25% and +0.5% respectively
Their returns are not hampered due to market volatility.
They are available for different payout structures and maturity depending on the investor
We recommend Investing in INDC FIRST FD!
Name: INDC First Bank Limited
Credit Rating: CRISIL FAAA/Stable
Minimum Investment: ₹10,000
Taxation: FD’s are taxed as per your tax slab
Senior citizen benefit: +1.25%
Existing customer benefit: +0.5%
(*All investments are subject to market risks)