What are corporate deposits
Typically, banks are the biggest issuers of fixed deposit products in India. Since banks inherently have the trust of their customers, and since they already
have the customer's money, investors find it easy to choose them.
However, there are other institutions that offer similar deposit products to investors - these are companies that are not registered as banks. They could be involved in a variety of businesses and may require capital for running their businesses. When they do, they issue deposit certificates to investors of different tenures at fixed interest rates.
Non-banking financial companies (NBFCs) are among the most popular entities that offer corporate fixed deposits. Examples of such companies are LIC Home
finance, HDFC ltd, Shriram Transport Finance etc.
At this point, the system will request the investor to provide a few information pieces that we don't already have. The system would have most of the
information that it requires, but some information that is pertinent to this particular application might be missing. In that case, the system will gather these
information from the investor.