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Top NBFC, Private Banks Fixed Deposits Interest Rates Compared

Whether you are a risk-averse investor or someone building a diversified portfolio, a fixed deposit is one instrument that is a must-have. Since fixed deposits are not linked to market performance and give you fixed returns basis your chosen tenor, they’re a fail-safe way to ground your portfolio.

What’s more, today multiple NBFCs and private sector banks offer you generous fixed deposits interest rates. This means that you no longer have to juggle risk and returns to secure your finances against inflation while building a substantial corpus. To help you decide the best avenue to park your money in, here are the FD interest rates of some of the top NBFCs and private banks.

FD interest rates of leading NBFCs and private banks
Issuers will often offer you higher interest rates for FDs taken for at least 3 years. So, here are some of the top FD interest rates offered by NBFCs and private banks for a deposit of less than Rs.1 crore taken for 3 years.

Bajaj Finance
Mahindra Finance
LIC Housing
ICICI Home Finance
Sundaram Finance
South Indian Bank
YES Bank
Kotak Mahindra Bank

Why you can’t go wrong with choosing a Bajaj Finance FD?
As you can see, Bajaj Finance is a leader when it comes to offering customers generous FD interest rates. Regular customers can start off with an interest rate of 8.75% and senior citizens profit from a 0.35% interest rate increase. Moreover, if you choose to renew your FD you can further enjoy a 0.25% increase in the FD interest rate.

You can forecast your earnings as well with the Bajaj Finance FD calculator, along with the exact amount of periodic payouts, if any.

The Bajaj Finance Fixed Deposit not only guarantees you high returns but keeps your money in a low-risk environment. Armed with ICRA’s MAAA rating and CRISIL’s FAAA rating, this is a stable and safe investment instrument. Bajaj Finance’s FD also offers you flexible tenors of 12 to 60 months and allows you to monitor your deposit online.

Now that you know all that there is to know about this investment instrument, don’t delay investing in a Bajaj Finance Fixed Deposit. With just Rs.25,000 required to open an account, all it takes is a handful of documents to make a beginning. What’s more, you can complete your application by visiting the nearest branch or by filling up the application form online!