Fixed Deposits have always been a profitable investment option for those who want to earn a steady and secure return on their investment without taking any risks. With the current unstable economy, investors are always looking for investment options that can give them high returns with low risks.
The fixed deposit schemes offered by non-banking financial companies (NBFCs) have gained popularity in recent years as they offer attractive interest rates that are higher than regular bank fixed deposits. In this article, we will discuss the best FD interest rates offered by top NBFCs in India.
Non-banking financial companies (NBFCs) are financial institutions that provide various financial services such as lending, investing, money transfer, etc., without having a banking license.
NBFCs offer fixed deposit schemes with attractive interest rates that are fixed for a specific period. These schemes are a safe and reliable investment option for investors who want to earn a steady and fixed return on their investment without taking risks.
The following are the best FD interest rates offered by top-rated NBFCs in India:
1. Bajaj Finance Fixed Deposit: Bajaj Finance is rated as the safest NBFC in India and offers FD schemes with interest rates ranging from 5.75% to 6.60% per annum. The best FD interest rates offered by Bajaj Finance are higher than the regular bank FD rates, and the tenor ranges from 12 to 60 months.
2. Mahindra Finance Fixed Deposit: Mahindra Finance is another top-rated NBFC in India, and it offers an attractive interest rate of 6.40% per annum on FD schemes. The tenor ranges from 15 months to 60 months.
3. HDFC Ltd. Fixed Deposit: HDFC Ltd. is one of the largest NBFCs in India, and it offers FD schemes with interest rates ranging from 5.75% to 6.50% per annum. The tenor ranges from 12 to 84 months, and the interest can be paid out on a monthly, quarterly, or yearly basis.
4. ICICI Home Finance Fixed Deposit: ICICI Home Finance is one of the top-rated NBFCs in India that offers FD schemes with interest rates ranging from 5.50% to 6.75% per annum. The tenor ranges from 12 to 120 months.
5. Shriram Transport Finance Fixed Deposit: Shriram Transport Finance is a well-known NBFC in India, and it offers FD schemes with interest rates ranging from 6.00% to 6.50% per annum. The tenor ranges from 12 to 60 months, and the interest can be paid out on a monthly, quarterly, or yearly basis.
6. L&T Finance Fixed Deposit: L&T Finance is a trusted NBFC in India, and it offers FD schemes with interest rates ranging from 5.75% to 6.50% per annum. The tenor ranges from 12 to 60 months, and the interest can be paid out on a monthly or quarterly basis.
7. Sundaram Finance Fixed Deposit: Sundaram Finance is a well-known NBFC in India, and it offers FD schemes with interest rates ranging from 5.50% to 6.25% per annum. The tenor ranges from 12 to 60 months, and the interest can be paid out on a monthly, quarterly, or yearly basis.
Investors should note that the interest rates offered by NBFCs are subject to change without prior notice, and they should always check the latest interest rates before investing. Also, investors should analyze the pros and cons of investing in the Indian financial market and consult their financial advisors before making any investment decisions.
Conclusion
Fixed Deposits offered by NBFCs are a safe and reliable investment option for investors who want to earn a steady and fixed return on their investment without taking any risks. Investors should always check the latest FD interest rates offered by top-rated NBFCs in India and consult their financial advisors before making any investment decisions. It is crucial to analyze the pros and cons of investing in the Indian financial market, and investors must gauge all the risks and rewards before investing in any investment option.
PF balance check is the process of verifying the accumulated funds in an individual’s Provident Fund (PF) account, a retirement savings scheme mandated by many governments.
Summary
Fixed deposit schemes offered by non-banking financial companies (NBFCs) have gained popularity in recent years as they offer attractive interest rates that are higher than regular bank fixed deposits.
In this article, we have discussed the best FD interest rates offered by top NBFCs in India such as Bajaj Finance, Mahindra Finance, HDFC Ltd., ICICI Home Finance, and more. Investors should note that the interest rates offered by NBFCs are subject to change without prior notice, and they should always check the latest interest rates before investing. Also, investors should analyze the pros and cons of investing in the Indian financial market and consult their financial advisors before making any investment decisions.