Fixed Deposits: Government-owned Finance Companies of Kerala and Tamil Nadu Are Offering Attractive Rates; Are There Hidden Risks?
As interest rates on bank fixed deposits (FDs) go below 6%, those looking to earn high returns are moving to non-traditional avenues such as company deposits. Some companies are allowed to raise capital through borrowing directly from retail investors. We will discuss the FDs offered by three firms, namely, Tamil Nadu Power Finance and Infrastructure Development Company (TNPFC), Tamil Nadu...
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