What are Corporate FDs?
Corporate FDs are financial instruments that are offered by NBFCs (Non-Banking Financial Institutions) and by several companies. Corporate FDs have gained mass popularity and acceptance for providing a higher rate of interest than a savings account which denotes higher earnings on investment.
Corporate Fixed deposits are immune to the fluctuations of the financial market and hence the returns are highly secured. The investor can estimate the return prior to investing using a Corporate FD calculator as the interest rate remains free from any market fluctuations and is fixed throughout the tenure. Besides, senior citizens are allowed to enjoy a higher interest rate and other attractive benefits.