Classification of Fix Deposits

The fix deposits can be classified into three groups by stock future tips experts:

1. Bank fixed deposits

2. Corporate fixed deposits; and

3. Fixed deposits with residuary non-banking companies (RNBCs).
Bank Fixed Deposits: Also referred to as FDs, these are classified into, Scheduled commercial bank FDs and Co-operative bank FDs. One of the most preferred options for investors, bank FDs have returned to a high-growth trajectory after deposit growth slowed down to about 16% in FY10. These deposits have been growing at a compounded rate of more than 20% from the last 4 years. As of March 2011, the total bank FDs in India amount to ` 48.8 lakh crore.
Corporate Fixed Deposits: Many companies, including reputed industrial houses, accept deposits from investors to meet funding requirements. Held for a particular time period, these deposits usually fetch higher interest rate than traditional bank FDs. However, many a time the risk involved is also higher due to which an investor chooses to opt for mcx free tips tips. The AUM of corporate fixed deposits in India is around ` 73,500 crore. These deposits have grown by more than 22% in FY11.
RNBC Fixed Deposits: RNBCs are also registered as an NBFC with the RBI. The principal business of these companies is to accept deposits under any scheme or arrangement as long as it is unrelated to investment, asset financing and loans. The functioning of RNBCs is different from those of other NBFCs in terms of method of deposit mobilization and deployment of depositors’ funds.