Corporate Fixed Deposits
Earn More. Worry Less. Complete Security with Assured Returns.
Earn higher interest rates than traditional bank FD’s
Enjoy secure, higher return investments in AAA Rated FDs. Explore Flexible Tenures, Attractive Interest Rate FDs.
FD Return Calculator
Plan your assured-return investment.
Invested Amount₹5,00,000
Monthly Interest₹0
Total Interest Earned₹0
Maturity Date—
Maturity Amount₹0
Fixed Deposit for Future Goals
Invest in FDs to meet different financial goals
Purchasing a Home
Funding a Child’s Education
Retirement Planning
Why should you include FDs in your investment portfolio?
These are some of the advantages of having FDs in your portfolio
Certainty of returns with interest rates locked in
Income generation through interest payments
Diversification benefits as they are independent of equity market movements, balancing portfolio risk
Capital protection with guaranteed returns
Stability and security with low-risk returns
Best Fixed Deposit Rates in India
| Issuer | Type | Regular Rate | Senior Rate | Tenure | CRISIL | ICRA | CARE | India Ratings |
|---|---|---|---|---|---|---|---|---|
| Shriram Finance | NBFC | Up to 7.50% | Up to 8.00% | 12–60 M | ||||
| Bajaj Finance | NBFC | Up to 7.40% | Up to 7.75% | 12–60 M | — | — | ||
| Mahindra Finance | NBFC | Up to 7.45% | Up to 7.80% | 12–60 M | — | — | ||
| Sundaram Finance | NBFC | Up to 7.25% | Up to 7.75% | 12–36 M | — | — | ||
| LIC Housing Finance | HFC | Up to 7.35% | ~7.60%* | 12–60 M | — | — | — | |
| PNB Housing Finance | HFC | ~7.25% | ~7.50% | 12–60 M | — | — | ||
| Muthoot Capital | NBFC | Up to ~9.10% | Up to ~9.35% | 12–60 M | — | — | — |
Interest rates are indicative and subject to change. Actual rates depend on the issuer, tenure, deposit amount, payout option and investor category. Read all necessary details carefully before investing.
Why Invest in corporate FDs with PL?
Personalized advisory by our investment experts tailored as per your risk appetite and investment horizon
Comprehensive portfolio evaluation to delve deeper into investment needs and preferences
Competitive interest rates to maximize your returns
Flexible tenures for you to choose to suit your financial objectives, short term and long term
Easy access to your dedicated financial advisor to ensure seamless investment management
Trusted expertise in financial services with 8 decades of experience
Transparent processes to ensure you have a complete understanding of your returns and investments
Customer centric approach where we act in the best interests of our clients
Invest in FDs with PL in 3 simple Steps
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Step 1
Receive expert guidance
Consult our investment expert for the best FD recommendations tailored to your financial goals.
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Step 2
Select your preferred FD
Choose from a range of fixed deposit options, each designed to offer competitive returns and flexibility to suit your investment needs.
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Step 3
Effortless payment processing
Complete your investment seamlessly while we handle all paperwork.
Types of Fixed Deposits
Regular
Standard FDs offering fixed returns for tenures ranging from 7 days to 10 years.
Tax Savings
Offers Section 80C deductions with a minimum 5-year lock-in period.
Special
Offers a higher interest rate for specific investment periods.
Corporate
Offered by corporates and NBFCs, often with higher interest rates than bank FDs.
Regular Income
Provides a fixed amount periodically through monthly or quarterly interest payouts.
Senior Citizen
Offers higher interest rates for investors aged 60 years and above.
Flexi
Linked to a savings account to automate the transfer of excess balances.
Cumulative
Reinvests interest so compounded returns are paid together at maturity.
Non-Cumulative
Pays interest periodically, such as monthly, quarterly, or yearly.
Invest in Fixed Deposits
FAQs on Fixed Deposits
A fixed deposit product for companies and firms offering secure returns with flexibility in tenure and payout options.
There are primarily two types of Fixed Deposits – Cumulative FDs and Non-Cumulative FDs.
Cumulative Fixed Deposits: Interest earned is reinvested in the FD account at regular intervals, usually quarterly or annually, leading to compounding. The maturity amount includes both principal and accumulated interest.
Non-Cumulative Fixed Deposits: Interest is paid out periodically—monthly, quarterly, half-yearly, or annually—depending on investor preference. Compounding benefits do not apply.
Callable FDs allow premature withdrawal with penalties; Non-Callable FDs generally offer higher rates but keep funds locked in for the selected tenure.
Minimum and maximum deposit amounts vary by financial institution and FD scheme. Banks and NBFCs commonly set minimum amounts from ₹1,000 to ₹25,000, while some schemes may not set a maximum deposit limit.
Income from fixed-deposit interest is taxable under the Income Tax Act, 1961. Interest is added to total income and taxed at the applicable income-tax slab rate.
Investors may claim a deduction of up to ₹1.5 lakh under Section 80C for the principal invested in eligible Tax Saver FDs, subject to applicable conditions.
TDS applicable: Interest earnings are subject to TDS as per income-tax law.
Premature withdrawal fee: Penalties can range from 0.5% to 1.5% based on the deposit amount and tenure.
