What is a Company Deposit?
The deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest is called Company Fixed Deposit. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits. Deposits thus mobilised are governed by the Companies Act under Section 58A. These deposits are unsecured, i.e., if the company defaults, the investor cannot sell the documents to recover his capital, thus making them a risky investment option.
What to do when a fixed deposit holder dies before maturity
Anil Chopra, Group CEO & Director, Bajaj Capital
Frequently Asked Questions
How are interest payments made in case of Company FDs?
How to choose a good company deposit scheme?
In case of Company Fixed Deposits, where not to Invest?
Is there any scope of appreciation of principal in case of Company FDs?
Upto what limits can a company accept deposit?
Company Fixed Deposits