Many investors are looking to Non-Banking Financial Corporations (NBFCs) for fixed deposits (FDs) that provide alluring interest rates in an effort to increase their returns on investment. Even though they carry a little bit more risk than regular banks, NBFCs frequently offer higher interest rates. Let's examine a few NBFCs that are now providing their fixed deposit plans with enticing interest rates.
Shriram Finance
With its rising interest rates for longer tenures, Shriram Finance appeals to long-term investors. From a one-year FD at 7.85 percent to a five-year FD at a lucrative 8.80 percent, investors can take advantage of these offers. For those looking for stability and growth, Shriram Finance attracts with steadily greater returns over longer periods of time.
Bajaj Finserv
A variety of interest rates catered to particular lengths are offered by Bajaj Finserv, which distinguishes itself with its flexible approach to fixed deposits. Interest rates for investors span a number of time periods and range from 7.40 percent to 8.25 percent annually. Regardless of the duration of the fund—18 months at 7.8 percent or 44 months at 8.25 percent—Bajaj Finserv guarantees investors who are ready to investigate competitive returns.
Muthoot Capital
Investors are drawn to Muthoot Capital by its wide array of interest rates throughout a variety of time periods. Investors can select the term that best suits their financial objectives, ranging from a one-year FD paying 7.45 percent interest to a three-year FD at 8.5 percent and even a five-year FD at 7.5 percent.
Mahindra Finance
Mahindra Finance provides investors with stable fixed deposit options by providing a steady flow of returns over an array of timeframes. With opportunities ranging from 15 months to 42 months and interest rates from 7.75 percent to 8.05 percent, investors can take advantage of a range of investment horizons.
ICICI Home Finance
ICICI Home Finance takes pride in providing flexibility for a range of tenures through a tailored approach to interest rates. Rates available to investors vary from 7.25 percent to 7.65 percent, contingent on the length of the fixed deposit. ICICI Home Finance guarantees competitive returns to meet the needs of every investor, regardless of the duration of the commitment—12 to 24 months for short-term investments or up to 60 months for longer ones.
