Salient Features of Company FDs
CFDs offer a higher rate of return ranging between 7.80 per cent and 8.25 per cent per annum (invested for 1 year under cumulative plan), and between 7.80 per cent and 8.65 per cent (for 5 years and more under cumulative plan). Renewals of deposits are possible without much inconvenience. A fresh CFD application form with discharged FD receipt is all that is required to effect renewal of principal amount. The matured CFD can be routed directly through your notified bank account. Minors are also allowed to invest in CFDs, which is convenient to the general public. The interest component on CFDs (under cumulative plan) is compounded at quarterly rests, thereby increasing the annualised yield on your investments.