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Top NBFCs Offer Up To 7.6% FD Interest
4 Dec
Summary
- Shriram Finance offers up to 7.6% on FDs for longer tenors.
- Bajaj Finance provides rates ranging from 6.6% to 6.95%.
- Senior citizens receive an additional 0.25% interest rate.
When considering fixed deposits, comparing interest rates across various lenders is crucial for optimal returns. Several Non-Banking Financial Companies (NBFCs) are currently offering attractive rates that warrant attention from savers looking to grow their investments.
Shriram Finance stands out by offering interest rates between 7% and a high of 7.6% per annum. The highest rate of 7.6% is available for tenors ranging from 36 to 60 months. Bajaj Finance follows with rates from 6.6% to 6.95% per annum, with the highest rate for deposits maturing between 24 and 60 months.
Other notable NBFCs include Mahindra Finance, providing rates between 6.75% and 7%, and PNB Housing Finance, offering rates from 6.85% to 7.10% for various tenors. A significant benefit for elderly savers is an additional 0.25% interest rate on fixed deposits, further boosting returns for senior citizens.
