With equity markets sluggish in India and interest rates unusually high due to high inflation, companies, being unable to raise fresh equity capital , are trying to raise capital via corporate fixed deposits. These deposits are rated and investors can choose to invest in these deposits based on their risk appetite. Strong companies have almost negligible risk of defaulting while companies with very high debt has some risk of defaults on maturity. Hence the later pays higher interest rates on their deposits to compensate for the risk than the former.
If you aren't aware of all the benefits that corporate deposits provide then here are the eight reasons why you should seriously consider it.