What is a Corporate Deposit?

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Corporate Deposits are credit game plans where a particular measure of assets is set on store under the name of the record holder. The cash put on store gains a settled rate of enthusiasm, as per the terms and conditions that administer the record. The genuine measure of the settled rate can be impacted by such components at the kind of cash required in the store, the length set up for the store, and the area where the store is made.
Benefits of investing in Company Fixed Deposits:-

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    High interest.

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    Short-term deposits.

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    Lock-in period is only 6 months.

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    No Income Tax is deducted at source if the interest income is up to Rs 5,000 in one financial year

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    Investment can be spread in more than one company, so that interest from one company does not exceed Rs. 5,