Fixed Deposits raised by corporate is one of the many money raising tools for the companies. Companies raise money from the public and offer them a fixed rate of interest for different tenures. The company can raise money only if approved by approving authorities.
These deposits have different tenures and periodic interest payment options (Monthly, Quarterly, Half Yearly,Annually) and cumulative option (compounded as per specified rules of deposit).
These fixed deposits also rated by credit rating agencies like CRISIL / ICRA / CARE