FD Calculator

I would like to invest

 

Investment Period

1y

Interest rate

 

Interest Payout Frequency

Monthly

Tax Rate

31.2%
Pre-Tax
Post-Tax

Frequently Asked Questions (FAQs)

  • What are corporate FDs?

    Corporate Fixed Deposits are fixed deposits offered by Large NonBanking Financial companies. They offer a higher rate of interest when compared to bank fixed deposits with a slightly higher risk.

  • What is the eligibility for opening a Corporate FD?

    The individual must be at least 18 years. FD for minor can be opened along with a guardian.

    • Provide PAN Card.
    • Provide Address proof by showing Aadhar, Driving License etc.
  • Which type of Businesses can open Corporate FD?

    Businesses that often provide corporate FDs are finance companies, housing finance companies and NBFCs.

  • What are the taxation rules for Corporate FDs?

    Corporate FDs are taxed at the individual’s highest income tax slab applicable. Corporate FDs deduct TDS at source if annual interest exceeds ₹5,000.

Finzoom Investment Advisors Private Limited (Brand Name - INDmoney, INDwealth, IND.app, IND.money, INDsave.com) makes no warranties or representations, express or implied, on products and services offered through the platform. It accepts no liability for any damages or losses, however, caused in connection with the use of, or on the reliance of its advisory or related services.

Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. Performance and returns of any investment portfolio can neither be predicted nor guaranteed.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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