Salient Fea­tures of Com­pany FDs

Consumer Voice - - Company Fixed Deposits -

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.

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