Deposit(s) in companies that earn a “fixed rate of return” over an amount of your time measure referred to as Company fixed Deposits. Financial establishments and Non-Banking Finance corporations (NBFCs) settle for such deposits.
Acceptance of deposits by corporations ruled by the applicable professional visions contained within the corporation's Act, 1956 (soon will be governed by the Companies Act, 2013) and the Companies Acceptance of Deposit Rules (currently, Companies (Acceptance of Deposit) Rules, 1975.In due course, the new Rules under the Companies Act, 2013 is expected to be notified), These deposits are currently unsecured in nature. However, there planned provisions enclosed within the corporation's Act, 2013, wherein it is likely that the said deposit could be secured. Fixed Deposit is one of the safest investment avenues, which can help you grow your savings while offering stability and safety of the principal amount. By finance in FD, you can take control of your investments, with greater flexibility, assured returns, and high stability.