Corporate Fixed Deposit: Safe to invest

POSTED BY Sandeep ON October 12, 2012 11:02 pm COMMENTS (2)

Hello Ashal, Hello Manish,

Following email received from ICICI direct. Calculation is for 1 lac.  Your view please.

Generally, I dont go with Corporate or co-op bank FD’s.

Yield Comparison Table
Tenure (Years) DHFL Mahindra Finance Shriram Transport Finance
Yield Maturity Value of 1 Lakh Yield Maturity Value of 1 Lakh Yield Maturity Value of 1 Lakh
1 10.78% 110,780 9.25% 109,250 9.25% 109,250
2 11.36% 122,720 10.50% 121,000 10.23% 120,460
3 12.25% 136,750 11.34% 134,020 11.94% 135,820
4 12.65% 150,600 11.27% 145,080 12.60% 150,400
5 13.36% 166,800 11.85% 159,250 13.32% 166,600

 

Regards

Sandeep

2 replies on this article “Corporate Fixed Deposit: Safe to invest”

  1. Ashal Jauhari says:
    January 20, 2013 at 10:10 am

    Dear Sandeep, in which tax slabs you falls? depending upon your tax slab, your actual return from these FDs ‘ll be different.

    Thanks

    Ashal

    Reply
  2. Manish Chauhan says:
    October 16, 2012 at 6:31 pm

    Is this before tax or after tax ? If before tax, then the final tax rate would be close to 10% , then may be tax saving FD’s might turn out to be more secure option ?

    Reply

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