Future Group Fixed deposit is a Corporate Fixed deposit governed under Section 73(2)(a) and Section 76 of Companies act 1956. It offers a high Interest rate. Corporate Fixed Deposit. Company Fixed Deposit (corporate FD) is a term deposit which is held over fixed period at fixed rates of interest. Company Fixed Deposits are offered by Financial and Non-Banking financial companies (NBFCs). The maturities of various company fixed deposits can range from a few months to a few years. Grow your money with Future Group Fixed Deposit Schemes. And earn interest upto 10.35% Start now for a better tomorrow. Future Group has planned to raise its Future Money outlets from 74 to 400 in 18-24 months. “Our entry into one of the world’s fastest growing markets sets a new milestone in Generali’s history and achieves one of our main targets, given that the company’s international expansion strategy envisages the strengthening of Generali’s presence in Asia and Central and Eastern Europe (CEE). The sum insured in case of company,s fixed deposit is only 20000 rs. So now the condition in which future group is in at present, where its rising debts, falling share prices and a break on their high margin business amid this lockdown has made things all the more grim for its.

Mode of Payment for application:

Payments can be made by either of the following modes:

Fixed Deposit Rates

Cheque / bank draft drawn on a scheduled bank and crossed “A/C PAYEE”, drawn in favour of “FEL - Fixed Deposit Application Account”
Swipe of debit card at the Designated Future Group Outlets.
In cash (up to Rs. 20,000/ p.a. per depositor) at the Designated Future Group Outlets.
Through RTGS/NEFT or fund transfer into FEL's Bank Account on any Bank working day. Bank account details for the remittance of funds is
A) Beneficiary Name: FEL – Fixed Deposit Application Account.
B) Account No.: FELD+Depositor's PAN (i.e. if PAN of the depositor is ABCDE1234Z then account number should be mentioned as FELDABCDE1234Z)
C) IFSC Code: UTIB0CCH274
D) Bank Name & Branch: Axis Bank, Fort Branch, Mumbai.

The application form duly filled in along with the UTR No./payment reference number to be submitted at FD Department of the Company at City Gold Mall, 3rd Floor, Near Shyamal Cross Road, 132, Feet Ring Road, Satellite, Ahmedabad – 380 015.

Hi Sreekanth,

Recently came across a fixed deposit scheme, which is known as Future Group Fixed Deposit scheme, it offers attractive double digit returns and has a Care ratings of AA-, please advise if its worth a take.

Is Future Group Fd Safe

Hi,
Advisable to avoid FD deposit schemes for now, considering the liquidity crunch and other issues that are faced by the NBFCs.
You may go through below articles to understand the pros & cons of Corporate FD schemes.

Invest in India’s favourite investment product FD and get Guaranteed returns mean you can plan your future with confidence