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Fixed Deposits

Ace Wealth Deposit(s) in Companies that earn a "fixed rate of return" over a period of time are called Company Fixed Deposits. Financial Institutions and Non-Banking Finance Companies (NBFCs) accept such deposits.

Company fixed deposits (FDs) are a very popular investment option amongst senior citizen investors as they give them assured returns, which are generally 1% to 3% higher than the interest rates being offered by banks for similar periods.. Benefits of investing in Company Fixed Deposits.

High interest.
Short-term deposits.
Minimum lock-in period is 6 months.
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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