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Fixed Deposit - Open FD Online for Shriram, Bajaj, Mahindra

Fixed Deposit: Invest for your future! Open online FDs via RR Finance for Shriram, Bajaj, and Mahindra. Click, for more info about best fixed deposit scheme.

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Fixed Deposit - Open FD Online for Shriram, Bajaj, Mahindra

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  1. Fixed Deposits RR FINANCE The Group - RR Financial, established in 1986, an integrated financial services Group, offering a wide range of financial products and services to corporate, Institutions, High- Net worth Individuals and Retail Investors.

  2. About the Company Write the overview of your company here. Briefly tell your company's history and products.

  3. FIXED DEPOSITS Fixed deposit are among the most widely used investment choices in India. Like bank FDs, corporate FDs are also term deposit that have fixed terms and fixed interest rates, and they are offered by companies, non-banking finance companies (NBFCs), and housing finance companies (HFCs). Compared to bank FDs, they provide better rates.

  4. Why Invest in Corporate FD? Corporate fixed deposits, also called company fixed deposits, are similar to regular fixed deposit schemes, but they are provided by corporate entities and NBFCs.Similar to banks, the Reserve Bank of India allows certain NBFCs to take deposits at a fixed interest rate and duration, ensuring regulatory oversight. It is crucial for investors to look at solutions that offer steady returns, and corporate fixed deposits stands out for their attractive interest rates. Fixed deposit interest ratesdon't change even when the market conditions change. You will particularly benefit from this stability if you're seeking steady returns that involves low risk. Moreover, corporate fixed deposits provide duration flexibility, with options spanning from a few months to several years. This allows you to invest as per your long-term or short-term financial needs.

  5. Taxation on Corporate Fixed Deposit Interest Rates The amount of tax taken from Taxation on Corporate Fixed Deposit Interest Rates The amount of tax taken from Fixed Deposit interest varies depending on who holds the account (I) For Non-Resident Indians (NRIs), the TDS rate is 30%, plus extra charges, according to Section 195 of the IT Act 1961. (II) For Indian citizens, the TDS rate on interest is 10%, but only if the interest earned is more than Rs. 5000. (III) Senior citizens pay a 10% TDS on FD interest. But if their total income, including FD interest, is below Rs. 5,00,000 per year, they're exempt from tax. To avoid tax deductions on fixed deposits, submit either Form 15G or 15H to your bank or NBFC at the start of the financial year.

  6. Higher Returns Why should you consider investing in corporate fixed deposits? Fixed Returns Diversification Credit rating Tenure

  7. How can an FD calculator help you ? An FD calculator is a vital tool for estimating returns, comparing options, and planning finances effectively. By inputting the principal amount, tenure, and fixed deposit interest rates, it provides accurate projections of maturity proceeds, aiding in decision-making. It also helps understand the impact of compound interest, crucial for maximizing earnings. Additionally, it facilitates comparisons between different banks and their offerings, ensuring optimal returns. Overall, an FD calculator empowers investors to make informed decisions, tailor investments to their goals, and achieve financial objectives efficiently.

  8. Connect with us. Email pamdrr@rrfcl.com ADDRESS 412-422, Indraprakash Buildin21, Barakhamba Road,New Delhi – 110001 Call us +91-11-44441111

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