All the Non Banking Financial Companies (NBFC) in the country are regulated by the Reserve Bank of India (RBI) under the RBI Act 1934. These NBFCs provide higher interest rates to their customers on fixed deposits.
Fixed Deposit: The Reserve Bank of India (RBI) regulates all the Non Banking Financial Companies (NBFCs) of the country under the RBI Act 1934. These NBFCs provide higher interest rates to their customers on Fixed Deposits (FD). However, due to paying more interest, there is also a risk in it. Let us know about such non-banking financial companies which give the highest interest to their customers.
Bajaj Finserv FD Rates
Bajaj Finserv offers an interest rate of 7.70% to 8.60% to its senior citizen customers on non-cumulative deposits with tenures ranging from 15 months to 44 months.
Muthoot Finance FD Rates
Muthoot Finance offers 6.25% to 7.25% interest on non-cumulative deposits to its senior citizen customers.
LIC Housing Finance
LIC Housing Finance offers 7% to 7.75% interest on non-cumulative deposits and 7.25% to 7.75% on cumulative FDs to its senior citizen customers.
Sundaram Finance
Sundaram Finance is offering 8% to 9% interest to its senior citizen customers. While Sundaram Finance is giving interest ranging from 7.60% to 8.50% to general customers.
ICICI Home Finance
ICICI Home Finance is offering interest ranging from 7.25% to 7.75% on cumulative FDs to its senior citizen customers. On the other hand, under non-cumulative FD, customers are getting 7.65% to 7.85% interest.
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