Fixed Deposit is used as a financial instrument to raise capital by Corporate bodies. The corporates take this route to raise capital to fund their Expansion activities or use for working capital requirements.
These Fixed Deposits by Corporates are governed by the applicable provisions contained in section 73-76 of the Companies Act, 2013.
The Credit Rating by various credit rating agencies serve as a guiding post for the selection of fixed deposit by the Investors. “AAA” rated FDs being the most sought after FDs by the investors as this rating is a sign of capability of the company to service both Capital and Interest.
- Manufacturing Company
- Non-Banking Finance Company
- Housing Finance Company
