Services

Corporate Fixed Deposit

Introduction of Corporate Fixed Deposit ( NBFC ) :- 

Corporate Fixed Deposit Means Customers to get the True Discounted Interest for there Deposit during the time of opening the Deposit need to use this product. The Interest type of this product is Fixed and Tax is Deducted on Interest

.    Salient features of company Fixed Deposit : NBFC

• Investment Period :- The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 120 months. They connot accept deposits repayable on demand.
• Company act :-  Company Fixed deposit ( NBFC) are coverd under indian companies Act 1956.
• Interest Rate :-  ( NBFC) rate is always high compared to the rate of interest offered by Bank on fixed deposit.
• Interest option :- (NBFC) Offered Multiple Interest option for investor at Monthly /Quartely /Half Yearly /Yearly.
• Tax Deduction :- TDS applicable only on total interest earned 5000/-and above in financial year.
• Lock-in Period :- The minumum lock-in period is threee months, 3 to 6 Month investor can withdraw but given ROI is only 4%, investors can withdraw thier money post six months.
• Joint Account :- A Fixed Deposit account that is owned together ( Jointly ) by two or more people. The depositors can decide whether transactions require the signatures of all parties or  whether   one party can take actions on his/her own.
• 15G  Applicabale :- Form 15G is a declaration that can be fulled out by bank fixed deposit holders ( individuals less than 60 years of age and HUF) to ensure that no TDS ( tax deducation at  source ) is deducted  form their interest income for the fiscal, while Form 15G is for everybody else.
• 15H  Applicable :- Form 15H are documents you can submit to make sure TDS is not deducted form your income if you meet the conditions below... Form 15H is for senior citizens; those  who are 60 years or older,     

      Who can Invest In Company Fixed Deposit :  

    NRI Deposit :- 

• Invested Fund  :- Funds to be invested from NRO ( Non Resident Ordinary ) bank accounts only . Funds from NRE ( Non resident external ) bank account will not be accepted .     
• Paymen Mode :-Payment is accepted only through cheque or RTGS/NEFT from NRO bank account . Payment through demand draft , Debit card, IMPS or UPI is not allowed, Loan against Fixed Deposit is not  available from NRI/OCI/PIO.
• Loan Facility :-Loan against Fixed Deposit is not available for NRI.
• FAQ :- However before you start investing , here are some consideration you must keep in mind. As an NRI, you can invest your money only through NRO( Non -Resident Ordinary ) accounts.      

     Important Things to Consider:-

• Investors must carefully read the application form 
• Check Application all paper and imoportant thinngs before putting money into it
• Check The Rating before investing amount 
• Companies may change the interest rates on the Fixed Deposit without any prior noitice

Disclaimer

Meghama Capital ( Meghama Wealth Management Services ) Only act as between client and the company inviting or Accepting Fixed deposit , known as principle company, Naither company,Employee certified the information provided by the Principle Company and shall not be liable under any condition.

Powerd By Meghama Wealth Management Services