Dear Sherus,
Enablers for better client conversations around Corporate Fixed Deposit offerings is an initiative to help you sail through client conversations and improve your own understanding on aspects of corporate deposits.
For your easy reference we have collected all the enablers pertaining to corporate deposits published so far (empaneled with 2 product providers till now) in this one mail and these can be easily accessed at your convenience through the links provided.
We will continue to update this compendium on an ongoing basis for updates as and when we empanel ourselves with more product providers. So watch this space for more.
3 benefits of investing in corporate fixed deposits
- These offer attractive interest rates as compared with bank deposits and government bonds.
- These are less risky as compared with equities.
- The investment is not subject to market fluctuations since the deposit has fixed interest pay-out and the capital is held until maturity.
Key points to remember
- Investments in corporate deposits are subject to credit risk of the corporate issuing the deposit.
- Investments in corporate fixed deposits have a lock-in period and are subject to penalties on pre-mature withdrawals.
- Since the interest rate for corporate deposits is fixed at the time of investment, in case of an interest rate increase, a client’s investment is locked in a lower interest rate yielding product.
As mentioned earlier, at present we have completed our tie up with 2 product providers : HDFC Ltd and Bajaj Finance. So below are the list of enablers for both these providers.
About Bajaj Finance fixed deposits
Bajaj Finance is a subsidiary of Bajaj Finserv Ltd and is engaged in the business of lending and acceptance of deposits. BFL is present in 2988 locations across the country and it accepts public as well as corporate deposits while offering a variety of financial service products to its customers. It has been awarded an "AAA" rating for its deposits by both CRISIL and ICRA, representing the highest level of safety as regards timely payment of principal and interest.
About LIC Housing Finance fixed deposits
Incorporated in 1989, LICHFL is one of the largest housing finance companies in India and among the pioneers in the country in ensuring access to housing finance for home ownership. It is a trusted financial services company, serving over 25 lakh proud homeowners. The corporate fixed deposit of the company is a AAA rated, offering stable returns across different maturities.
| Enablers | Purpose | Target Group | Frequency of update |
| Corporate FDs – Sales Process | This manual serves as a guiding document for frontline and any other channel involved with the activity of sales of Corporate FDs | Frontline only (internal) | Ad hoc |
| Bajaj Finance Corporate Deposits | |||
| SOP – Bajaj Finance | This note details the process of on-boarding clients for Bajaj Finance Fixed Deposits | Frontline only (internal) | Ad hoc |
| Interest Rate Tracker | This consists of the applicable interest rates across different plans of Bajaj Finance Limited | Frontline only (internal) | Ad hoc |
| Bajaj Finance - Forms Center | This consists of the website link for the updated forms | Frontline only (internal) | Ad hoc |
| Key Documents | This consists of the list of documents that need to be submitted for investing in corporate FDs i.e. KYC and Application Form | Client facing (external) | Ad hoc |
| Collection Centers | This consists of the website link for the location centers for submission of application forms | Frontline only (internal) | Adhoc |
| Point of Contacts – Pan India | This consists of the list of touchpoints across India for query redressal | Frontline only (internal) | Ad hoc |
| Bajaj Finance Training Module | This consists of step by step procedure to invest in Bajaj corporate FDs online | Frontline only (internal) | Ad hoc |
| LIC Housing Finance | |||
| SOP – LIC Housing Finance Ltd | This note details the process of on-boarding clients for LIC Housing Finance fixed deposits | Front-line only (internal) | Ad hoc |
| Interest Rate Tracker | This consists of the applicable interest rates across different plans of LIC Housing Finance | Front-line only (internal) | Ad hoc |
| Key Documents | This consists of the list of documents that need to be submitted for investing in corporate fixed deposits, ie KYC and Application Form | Client facing (external) | Ad hoc |
Corporate deposits ke bare mein customers ko educate kar, Sharekhan kar.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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