Corporate FDs can get you higher returns if you are prepared for the risk

Such FDs are similar to those offered by commercial banks but carry a higher interest rate, as well as risk of default

A lot of people are unaware of corporate fixed deposits. These are similar to regular FDs, but are offered by private firms, typically non-banking finance companies (NBFCs). While these carry a higher risk than commercial bank FDs, they also offer slightly higher interest rates. However, it is prudent to keep in mind that such FDs are not insured against default. So make sure to do your due diligence before investing in them.