Fixed Deposits in India have existed for a long time, and it is favored by a majority of the population of our country. However, fixed deposits are not reliable when it comes to long-term goals. FDs can be a wise option in a short-term plan because they have a guaranteed return.
Over the years, the interest rates on FDs have decreased, leaving people questioning the credibility of FDs. To overcome this problem, many corporate firms have offered the option of corporate fixed deposits.
Just like banks, many corporate companies have the liberty to collect a certain amount of deposits over a fixed tenure at a prescribed interest rate.