FD Rates: Most NBFCs offer higher interest on FD than banks. Before investing in FD of NBFC, definitely check the credit rating. NBFCs are offering more than 7% interest rates on their FDs. Check interest rate..
Before investing in Fixed Deposit, investors are advised to check the background of all financial institutions before investing in them. You must check the comparison of interest rates offered by all the financial institutions. So that, you can earn maximum returns. Let us tell you that most NBFCs offer more interest on FD than banks. Before investing in FD of NBFC, definitely check the credit rating. NBFCs are offering more than 8% interest rates on FD.
Bajaj Finserv: Bajaj Finserv is offering 7.4 percent interest on FDs with a period of 12 to 14 months. It has increased to 7.5 percent on FD of 15-23 months. The interest rate for 24 month FD loan is 7.55 percent. It is offering 7.35 percent interest for 25-35 months. The interest rate for FD between 36 to 60 months is 8.05 percent.
Muthoot Fincorp: Muthoot Capital is offering 7.45 percent interest on one year FD. If it is between 1-2 years then the interest rate is 8 percent and for 2-3 years FD the interest rate is 8.5 percent. NBFC is giving 7.4 percent interest on 4 year FD. It is giving 7.5 percent interest on 5 years.
Shriram Finance: Shriram Finance is offering interest of 7.8 to 8.6 percent per annum. The interest rate on 12 month FD is 7.8 percent. It becomes 7.95 percent after 18 months. After 24 months it increases to 8.10 percent. The interest rate after 30 months is 8.30 percent. On booking FD for 50 or 60 months, maximum interest is available at Rs 8.60.
Mahindra Finance: Mahindra Finance is offering interest ranging from 7.75 percent to 8.05 percent. After 15 months the interest rate is 7.75 percent. They are offering 7.90 percent interest on 30 month FD and 8.05 percent interest on 42 month FD. CRISIL has given the rating of AAA to NBFC.
| NBFC | Interest Rate (%) |
| Bajaj Finserv | 7.4 – 8.05 |
| Muthoot Fincorp | 7.45 – 8.5 |
| Shriram Finance | 7.8 – 8.6 |
| Mahindra Finance | 7.75 – 8.05 |
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