Bank or NBFC FD – where is the highest interest rate on fixed deposit. After falling bank fixed deposit (FD) rates, investors are turning to corporate FDs for additional earnings. Many non-banking financial companies (NBFCs) offer the option of opening FDs and the interest rates on fixed deposits of these companies are higher than the FDs of commercial banks.
Bank or NBFC FD – where is the highest interest rate on fixed deposit
The highest FD card rates offered by some companies are more than 200-300 basis points (BPS), much higher than public sector banks and private sector banks. However, these deposits are considered relatively risky.
According to experts, the returns in the case of corporate FDs depend on the profits posted by the companies. Therefore, investors should go to companies that have a high credit rating of A-AAA and have an operationally superior business model. In this news we are comparing the interest rates given by NBFCs on some fixed deposits.
Bank or NBFC FD Bajaj Finserv FD interest rate on deposits of less than Rs 5 crore of Bajaj Finserv
Bajaj Finance is one of most reliable FD providers amongst a number of FD providers in the market. And FD offers a number of benefits to investors such as higher returns, flexible tenure, lower minimum deposit limit, and loan against FD facility, among others. When it comes to the FD interest rate, the highest rate offered on Bajaj Finance FD is 7.10%. Bajaj Finance FD interest rate for senior citizens, on the other hand ranges between 7.15% to 7.35%.
Mahindra Finance is an Indian company that provides services to essentially the rural and semi-urban parts of India. The company offers great and safe investment options in the form of Mahindra Fixed Deposits (FDs). Mahindra Finance offers a fixed deposit under the Samruddhi scheme. The interest rate on different fixed deposit schemes ranges from 5.25% to 6.40%.
Bank or NBFC FD Mahindra Finance FD interest rate on non-cumulative deposits between Rs 1 crore and Rs 5 crore
*All data collected from official sites of above NBFCs