{"id":6835,"date":"2020-01-12T08:28:00","date_gmt":"2020-01-12T02:58:00","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=6835"},"modified":"2021-08-02T03:36:30","modified_gmt":"2021-08-01T22:06:30","slug":"company-fixed-deposit","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/company-fixed-deposit\/","title":{"rendered":"7 High Rated Companies Offering more than Bank Fixed Deposits &#8211; February 2020"},"content":{"rendered":"<p style=\"text-align: justify;\">Most <a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">banks are offering interests in the range of 6% to 7% on their fixed deposits<\/a>.\u00a0However some\u00a0best rated companies and institutions are offering interest rates higher than banks.\u00a0Below are the details of<strong>\u00a07 companies which have high credit rating and offering interest rate more than banks on their fixed deposit schemes.<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>SBI is offering 6.1% for 1 to 10 years fixed deposits while ICICI Bank is offering 6.00% to 6.40%<\/strong><\/p>\n<blockquote><p><strong>Also Read:<\/strong>\u00a0<a href=\"http:\/\/www.apnaplan.com\/swp-debt-mutual-funds\/\">How SWP in Debt Funds generate higher returns than FD<\/a><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">[dropcap]1.[\/dropcap]\u00a0Bajaj Finance Ltd Fixed Deposit<\/h2>\n<p style=\"text-align: justify;\">Bajaj Finance Ltd is a NBFC (non-banking finance company) dealing in all kinds of loans like Personal, Two\/Three wheeler loans, car loans etc.<\/p>\n<p style=\"text-align: justify;\"><strong>Credit Rating:<\/strong>\u00a0&#8220;FAAA&#8221; By CRISIL and &#8220;MAAA&#8221; By ICRA<\/p>\n<p style=\"text-align: justify;\"><strong>Salient Features:<\/strong><\/p>\n<ul>\n<li>Additional 0.25% interest for Senior citizens<\/li>\n<li>Renewal: 0.10% over and above the rate of interest at which the deposit is booked<\/li>\n<li>Online Investment: Additional 0.10% over and above the rate of interest for using Online mode (not applicable for Senior Citizens)<\/li>\n<li>Only one benefit of additional 0.10% out of renewal or online investment would be applicable<\/li>\n<li>Can access FDs online through their customer portal<\/li>\n<li>Loan: Can take loan up to 75% of the deposit<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Interest Rates:<\/strong><\/p>\n<figure id=\"attachment_11725\" aria-describedby=\"caption-attachment-11725\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11725\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Bajaj-Finance-Ltd-\u2013-Interest-on-Fixed-Deposit-December-2019-1024x341.png\" alt=\"Bajaj Finance Ltd \u2013 Interest on Fixed Deposit\" width=\"757\" height=\"252\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Bajaj-Finance-Ltd-\u2013-Interest-on-Fixed-Deposit-December-2019-1024x341.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Bajaj-Finance-Ltd-\u2013-Interest-on-Fixed-Deposit-December-2019-300x100.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Bajaj-Finance-Ltd-\u2013-Interest-on-Fixed-Deposit-December-2019-768x256.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Bajaj-Finance-Ltd-\u2013-Interest-on-Fixed-Deposit-December-2019.png 1129w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11725\" class=\"wp-caption-text\"><strong>Bajaj Finance Ltd \u2013 Interest on Fixed Deposit<\/strong><\/figcaption><\/figure>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/how-fill-form-15g-15h\/\">How to Fill Form 15G and 15H?<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">[dropcap]2.[\/dropcap]\u00a0KTDFC Ltd. Fixed Deposit<\/h2>\n<p style=\"text-align: justify;\">KTDFC (Kerala Transport Development Finance Corporation Ltd) is NBFC wholly owned by Government of Kerala and deals in Personal and Vehicle Loans among other things.<\/p>\n<p style=\"text-align: justify;\"><strong>Credit Rating:<\/strong> KTDFC Fixed Deposits are fully guaranteed by Government of Kerala<\/p>\n<p style=\"text-align: justify;\"><strong>Interest Rates:<\/strong><\/p>\n<figure id=\"attachment_11726\" aria-describedby=\"caption-attachment-11726\" style=\"width: 1022px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11726\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/KTDFC-Ltd-Interest-on-Fixed-Deposit-August-2019.png\" alt=\"KTDFC Ltd - Interest on Fixed Deposit \" width=\"1022\" height=\"638\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/KTDFC-Ltd-Interest-on-Fixed-Deposit-August-2019.png 1022w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/KTDFC-Ltd-Interest-on-Fixed-Deposit-August-2019-300x187.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/KTDFC-Ltd-Interest-on-Fixed-Deposit-August-2019-768x479.png 768w\" sizes=\"(max-width: 1022px) 100vw, 1022px\" \/><figcaption id=\"caption-attachment-11726\" class=\"wp-caption-text\"><strong>KTDFC Ltd &#8211; Interest on Fixed Deposit<\/strong><\/figcaption><\/figure>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read:\u00a0<\/strong><a href=\"https:\/\/www.apnaplan.com\/monthly-income\/\">11 Investments to Generate Regular Monthly Income<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">[dropcap]3.[\/dropcap]\u00a0Mahindra and Mahindra Financial Services Ltd FD<\/h2>\n<p style=\"text-align: justify;\">Mahindra and Mahindra Financial Services is\u00a0leading NBFC with focus on rural areas and is top tractor financier in India.<\/p>\n<p style=\"text-align: justify;\"><strong>Credit\u00a0Rating:<\/strong> &#8216;FAAA&#8217; by CRISIL<\/p>\n<p style=\"text-align: justify;\"><strong>Salient Features:<\/strong><\/p>\n<ul>\n<li>0.35% additional interest for all Mahindra group company employees and Employees Relatives<\/li>\n<li>0.25% additional rate for senior citizens.<\/li>\n<li>Dhanvruddhi Cumulative Scheme is new scheme which offers higher interest rate (additional 0.25%) and can only be invested through <a href=\"https:\/\/fixeddeposit.mahindrafinance.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mahindra and Mahindra Financial Services website<\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Interest Rates:<\/strong><\/p>\n<figure id=\"attachment_11729\" aria-describedby=\"caption-attachment-11729\" style=\"width: 584px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11729\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Mahindra-and-Mahindra-Financial-Services-Ltd-Samruddhi-Interest-on-Fixed-Deposit-584x1024.png\" alt=\"Mahindra and Mahindra Financial Services Ltd - Samruddhi - Interest on Fixed Deposit\" width=\"584\" height=\"1024\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Mahindra-and-Mahindra-Financial-Services-Ltd-Samruddhi-Interest-on-Fixed-Deposit-584x1024.png 584w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Mahindra-and-Mahindra-Financial-Services-Ltd-Samruddhi-Interest-on-Fixed-Deposit-171x300.png 171w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Mahindra-and-Mahindra-Financial-Services-Ltd-Samruddhi-Interest-on-Fixed-Deposit-768x1346.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Mahindra-and-Mahindra-Financial-Services-Ltd-Samruddhi-Interest-on-Fixed-Deposit.png 835w\" sizes=\"(max-width: 584px) 100vw, 584px\" \/><figcaption id=\"caption-attachment-11729\" class=\"wp-caption-text\"><strong>Mahindra and Mahindra Financial Services Ltd &#8211; Samruddhi &#8211; Interest on Fixed Deposit<\/strong><\/figcaption><\/figure>\n<h2>[dropcap]4.[\/dropcap] PNB Housing Finance Ltd<\/h2>\n<p style=\"text-align: justify;\">PNB Housing Finance Limited (PNBHFL) is a public sector housing finance company (HFC) and is promoted by Punjab National Bank. The company provides housing loans &amp; loan against property as a part of its product portfolio.<\/p>\n<p style=\"text-align: justify;\"><strong>Credit\u00a0Rating:<\/strong>\u00a0\u201cFAAA\u201d by CRISIL and \u201cAAA\u201d by CARE<\/p>\n<p style=\"text-align: justify;\"><strong>Salient Features:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">0.25% additional rate for senior citizens.<\/li>\n<li>Loan up to 75% of the FD Principal and accrued interest is available<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Interest Rates:<\/strong><\/p>\n<figure id=\"attachment_11728\" aria-describedby=\"caption-attachment-11728\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11728\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/PNB-Housing-Finance-Ltd-Interest-Rates-January-2020-1024x558.png\" alt=\"PNB Housing Finance Ltd - Interest Rates\" width=\"757\" height=\"413\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/PNB-Housing-Finance-Ltd-Interest-Rates-January-2020-1024x558.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/PNB-Housing-Finance-Ltd-Interest-Rates-January-2020-300x164.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/PNB-Housing-Finance-Ltd-Interest-Rates-January-2020-768x419.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/PNB-Housing-Finance-Ltd-Interest-Rates-January-2020.png 1275w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11728\" class=\"wp-caption-text\"><strong>PNB Housing Finance Ltd &#8211; Interest Rates<\/strong><\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\">[dropcap]5.[\/dropcap]\u00a0Shriram Transport Finance UNNATI FD Scheme<\/h2>\n<p style=\"text-align: justify;\">Shriram Transport Finance is NBFC mainly dealing in Commercial Vehicle Finance.<\/p>\n<p style=\"text-align: justify;\"><strong>Credit\u00a0Rating:<\/strong> &#8216;FAAA&#8217; by CRISIL and &#8220;MAA+&#8221; by ICRA<\/p>\n<p style=\"text-align: justify;\"><strong>Salient Feature:<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">0.25% additional rate for senior citizens.<\/li>\n<li>Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.<\/li>\n<li><span style=\"text-align: justify;\">Additional interest of 0.25% p.a on all Renewals, where the deposit is matured on or after 1st November 2018.<\/span><\/li>\n<li><span style=\"text-align: justify;\">Fixed deposits are accepted in multiples of Rs.1000\/- subject to a minimum amount of \u20b95000\/- per deposit for cumulative deposits and \u20b910000\/- per deposit for non- cumulative deposits.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Interest Rate:<\/strong><\/p>\n<figure id=\"attachment_11731\" aria-describedby=\"caption-attachment-11731\" style=\"width: 686px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11731\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-Transport-Finance-UNNATI-Fixed-Deposit-Scheme-January-2020-686x1024.png\" alt=\"Shriram Transport Finance UNNATI Fixed Deposit Scheme\" width=\"686\" height=\"1024\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-Transport-Finance-UNNATI-Fixed-Deposit-Scheme-January-2020-686x1024.png 686w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-Transport-Finance-UNNATI-Fixed-Deposit-Scheme-January-2020-201x300.png 201w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-Transport-Finance-UNNATI-Fixed-Deposit-Scheme-January-2020-768x1146.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-Transport-Finance-UNNATI-Fixed-Deposit-Scheme-January-2020.png 1121w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/><figcaption id=\"caption-attachment-11731\" class=\"wp-caption-text\"><strong>Shriram Transport Finance UNNATI Fixed Deposit Scheme<\/strong><\/figcaption><\/figure>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read: <\/strong><a href=\"https:\/\/www.apnaplan.com\/budget-2019-key-changes-income-tax-rules\/\">5 Important Changes in Tax Rules from April 1, 2019<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">[dropcap]6.[\/dropcap]\u00a0Shriram City Union\u00a0Finance Ltd FD Scheme<\/h2>\n<p style=\"text-align: justify;\">Shriram City Union Finance\u00a0is NBFC mainly dealing in\u00a0retail consumer finance and offers various secured and unsecured loans like home loans, personal loan, business loan.<\/p>\n<p style=\"text-align: justify;\"><strong>Credit\u00a0Rating:<\/strong> &#8216;FAA+&#8217; by CRISIL and &#8220;MAA+&#8221; by ICRA<\/p>\n<p style=\"text-align: justify;\"><strong>Salient Feature:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">0.25% additional rate for senior citizens.<\/li>\n<li>Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.<\/li>\n<li>Additional interest of 0.25% p.a on all Renewals, where the deposit is matured on or after 1st November 2018.<\/li>\n<li>Fixed deposits are accepted in multiples of Rs.1000\/- subject to a minimum amount of \u20b95000\/- per deposit for cumulative deposits and \u20b910000\/- per deposit for non- cumulative deposits.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Interest Rate:<\/strong><\/p>\n<figure id=\"attachment_11730\" aria-describedby=\"caption-attachment-11730\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11730\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-City-Union-Finance-Ltd-Interest-Rates-November-2019-887x1024.png\" alt=\"Shriram City Union Finance Ltd - Interest Rates\" width=\"757\" height=\"874\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-City-Union-Finance-Ltd-Interest-Rates-November-2019-887x1024.png 887w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-City-Union-Finance-Ltd-Interest-Rates-November-2019-260x300.png 260w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-City-Union-Finance-Ltd-Interest-Rates-November-2019-768x887.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Shriram-City-Union-Finance-Ltd-Interest-Rates-November-2019.png 1185w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11730\" class=\"wp-caption-text\"><strong>Shriram City Union Finance Ltd &#8211; Interest Rates<\/strong><\/figcaption><\/figure>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Download:<\/strong>\u00a0<a href=\"http:\/\/www.apnaplan.com\/ppf-calculator-excel\/\">PPF Calculator for Maturity, Loan and Partial Withdrawal<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">[dropcap]7.[\/dropcap] Post Office Time Deposit<\/h2>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.apnaplan.com\/post-office-fd-interest\/\">Post office Time Deposit (Fixed Deposit) Account<\/a> can be opened in any post office. The interest rates are reset at the start of every financial year. As of today they are offering higher interest rates than most of the banks. Once you have deposited the money, the interest rate is locked.<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/rbi-rate-cut-impact\/\">Impact of RBI Rate Cut on Your Investments and Loans<\/a><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\"><strong>Credit\u00a0Rating:<\/strong>\u00a0backed by Government of India<\/p>\n<p style=\"text-align: justify;\"><strong>Salient Feature:<\/strong><\/p>\n<ul>\n<li>Fixed deposits are accepted in multiples of Rs.200\/- and in multiples thereof<\/li>\n<li>No maximum deposit limit<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Interest Rate:<\/strong><\/p>\n<figure id=\"attachment_11732\" aria-describedby=\"caption-attachment-11732\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11732\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Small-Saving-Scheme-Interest-Rate-Jan-to-Mar-2020-1024x374.png\" alt=\"Small Saving Scheme Interest Rate - Jan to Mar 2020\" width=\"757\" height=\"276\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Small-Saving-Scheme-Interest-Rate-Jan-to-Mar-2020-1024x374.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Small-Saving-Scheme-Interest-Rate-Jan-to-Mar-2020-300x110.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Small-Saving-Scheme-Interest-Rate-Jan-to-Mar-2020-768x281.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/07\/Small-Saving-Scheme-Interest-Rate-Jan-to-Mar-2020.png 1067w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11732\" class=\"wp-caption-text\"><strong>Small Saving Scheme Interest Rate &#8211; Jan to Mar 2020<\/strong><\/figcaption><\/figure>\n<blockquote>\n<h2><span style=\"text-decoration: underline; font-size: 14pt;\">Helpful Posts on Fixed Deposits<\/span><\/h2>\n<p><a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\"><span style=\"font-size: 10pt;\">Which bank offers Highest Interest Rate on Bank FD?<\/span><\/a><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/invest-fixed-deposits\/\">13 Most Important things to know before investing in Bank Fixed Deposits<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/sec-80ttb\/\">Section 80TTB: Senior Citizens can Save Tax on their Interest Income<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/budget-2019-key-changes-income-tax-rules\/\">TDS threshold on Bank FD increased to Rs 40,000 from April 1, 2019\u00a0<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/how-fill-form-15g-15h\/\">Avoid TDS: fill Form 15G and 15H<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/fd-interest-rates-small-bank\/\">Small Bank FDs offer interest up to 9% &#8211; Should you invest?<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"http:\/\/www.apnaplan.com\/swp-debt-mutual-funds\/\">How SWP in Debt Funds generate higher returns than FD<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"http:\/\/www.apnaplan.com\/bank-deposit-insurance\/\">How to increase bank deposit insurance through Joint accounts?<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"http:\/\/www.apnaplan.com\/how-safe-is-your-bank-fixed-deposit\/\"><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">How Safe is Your Fixed Deposit in Bank?<\/span><\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"http:\/\/www.apnaplan.com\/how-are-you-losing-money-by-investing-in-fixed-deposits\/\"><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">How you loose Money in Fixed Deposits?<\/span><\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/highest-tax-saving-bank-fixed-deposit-rates-us-80c\/\">Fixed Deposits that you can use to save Tax\u00a0<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/best-nre-fd-rates\/\">Fixed Deposits for NRIs<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-recurring-deposits-rd\/\">Highest Interest Rate on Recurring Deposits<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/fixed-deposits-power-of-compounding-interest-rate-frequency-and-yield\/\">Understanding Compounding and Yield in Fixed Deposit<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/credit-card-against-fixed-deposit\/\">How to get\u00a0Credit card against Fixed Deposit?<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"http:\/\/www.apnaplan.com\/company-fixed-deposit\/\">7 High Rated Companies Offering more than Bank Fixed Deposits<\/a><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.apnaplan.com\/post-office-fd-interest\/\">All about Post Office FD Schemes<\/a><\/span><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">TDS on\u00a0Company FDs:<\/h2>\n<p style=\"text-align: justify;\">Companies would deduct TDS at the rate of 10% of interest, if the interest earned is more than Rs 5,000 in a financial year.<\/p>\n<h2 style=\"text-align: justify;\">Tax on Company FDs<\/h2>\n<p style=\"text-align: justify;\">The interest received on Company Fixed Deposit is fully taxable. The interest would be added to your annual income and taxed at marginal tax rates.<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/charges-saving-bank-account\/\">21 Hidden Charges in Saving Bank Account<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">Key Points before Investing<\/h2>\n<p style=\"text-align: justify;\">Premature Withdrawal is possible on the above company fixed deposits but it requires much more paper work and follow ups. Even the <strong>penalty may be more severe<\/strong> as compared to banks<\/p>\n<p style=\"text-align: justify;\">Opening Fixed Deposit is <strong>more tiresome<\/strong> as you need to fill forms, visit company branch or get hold of their agents.Also have to give fresh documents for KYC. Bank FDs can be opened online, which is much more convenient.<\/p>\n<h2 style=\"text-align: justify;\">To Conclude<\/h2>\n<p style=\"text-align: justify;\">The above companies are offering have the highest credit rating (which means very low chances of default) <strong>and are offering interest rates 1% to 2% higher than the bigger banks.<\/strong> You must look into them for your fixed income portfolio especially if they have easy approachable branches or agents near you.<\/p>\n<p style=\"text-align: justify;\">Have you invested in these companies FDs before? How was your experience? Please share in comments section&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most banks are offering interests in the range of 6% to 7% on their fixed deposits.\u00a0However some\u00a0best rated companies and institutions are offering interest rates higher than banks.\u00a0Below are the details of\u00a07 companies which have high credit rating and offering interest rate more than banks on their fixed deposit schemes. SBI is offering 6.1% for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[30,2193,195],"tags":[2852,2851,2850,2853,2854,2664,256,2978,2855],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits.png",884,525,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits-300x178.png",300,178,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits-768x456.png",768,456,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits.png",884,525,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits.png",884,525,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits.png",884,525,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/02\/High-Rated-Companies-Offering-more-than-Bank-Fixed-Deposits.png",120,71,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":30,"uagb_excerpt":"Most banks are offering interests in the range of 6% to 7% on their fixed deposits.\u00a0However some\u00a0best rated companies and institutions are offering interest rates higher than banks.\u00a0Below are the details of\u00a07 companies which have high credit rating and offering interest rate more than banks on their fixed deposit schemes. SBI is offering 6.1% for&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/6835"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=6835"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/6835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/7741"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=6835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=6835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=6835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}