Bank Fix Deposits and Company Fixed Deposits

Bank Fix Deposit is a financial Instrument provided by banks which provides investors with a higher rate of interest than a regular saving accounts.

Companies that earn a "fixed rate of return" over a period of time are called Company Fixed Deposits.Financial Institutions and Non-Banking Finance Companies (NBFCs) accept such deposits. Acceptance of deposits by companies are governed by the applicable provisions contained in the Companies Act, 1956. These deposits are currently unsecured in nature. However, there are certain proposed provisions included in the Companies Act, 2013, wherein it is likely that the said deposit could be secured.