People, the potential FD investors, often find themselves stuck on the horns of a dilemma, finding it hard to choose one between corporate FDs and Bank FDs. Before we talk about which one is better, Bank FD is the fixed deposit schemes offered by various banks across India and corporate FDs are fixed deposit schemes offered by organizations other than banks a.k.a NBFC (Non-Banking Financial Institutions). Coming back to the original discussion, which one out of the two FD schemes is better? The answer depends on the expectations and the investment persona of the person. For example, though both corporate FDs and Bank FDs are reliable and are offered by some of the most reputed financial institutions in India. However, people often associate banks with credibility and opt for their FD schemes. On the contrary, people who are smart enough to understand the above-stated fact about credibility opt for corporate FDs due to the fact that they offer a higher interest rate. Apart from that, as an investor, you can leverage the other advantages by opting for corporate FDs. What advantages? Read on to find out.
Bottom Line: Choose the best corporate FD based on which organization is offering the highest ROI. Additional Read: Points You Must Know Before Investing In Corporate FD
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |