Top 10 Non-Banking Financial Companies (NBFCs) in India Offering the Highest Fixed Deposit (FD) Rates in 2024

NBFC With Highest FD Rates

Fixed Deposits are quite famous in India. People invest in Fixed Deposits to save due to attractive returns. Bank and non-banking financial corporations (NBFC), both provide fixed Deposit(FD) facilities to the customer at good returns. Non-Banking Financial Companies (NBFCs) are private financial institutions that provide loans, investments and deposits without holding a banking licence. Non-Banking Financial Companies (NBFC) also provide competitive interest rates on fixed deposits(FD). Investors can also consider investing the Non-Banking Financial Companies (NBFC) for better safety, credibility, and regulatory compliance. Before starting to invest in the FD in the NBFCs, it is important to compare the different financial institutions because there are many NBFCs available. today, we will bring you a list of interest rates and tenure of different non-banking financial corporations 


10 Top NBFCs with Highest FD Rates

Here is the list of NBFCs with Highest FD Rates that you should consider-

ICICI Home Finance 

  • Interest Rate for 1 Year: 7.00%
  • Interest Rate for 3 Year: 7.40%
  • Interest Rate for 5 Years: 7.50%
  • Tenure Range: 12 months to 120 months

ICICI Home Finance is a subsidiary of ICICI Bank. It is one of India’s leading private-sector banks. It provides secure and reliable investment to grow the savings. With flexible tenure options and attractive interest rates, investors can choose FD schemes that suit their financial goals. ICICI Home Finance provides high returns which is the best for the industry as well as the independent market. In addition, they provide easy withdrawal to fulfil the need of urgent and immediate financial needs. To open the ICICI HFC Fixed Deposit, it is an easy process to start online or you can walk into any ICICI bank branches too.


Bajaj Finance Ltd. 

  • Interest Rate for 1 Year: 7.40%
  • Interest Rate for 3 Year: 7.65%
  • Interest Rate for 5 Years: 7.65%
  • Tenure Range: 12 months to 60 months

Bajaj Finance Ltd is a prominent NBFC in India. They provide several fixed deposit schemes with attractive rates. Many investors like to invest in Bajaj Finance Ltd. It is believed that they provide the highest safety and credibility to the investors. They have multiple options with the special tenure of 18, 22, 33, 42 and 44 months. They also have several benefits with higher rates. They provide higher interest rates with the highest tenure time. Investors can benefit from the company’s robust infrastructure, customer-centric approach, and seamless online investment process. Bajaj Finance Ltd. provide stable returns and a hassle-free experience.


HDFC Ltd. 

  • Interest Rate for 1 Year: 7.10%
  • Interest Rate for 3 Year: 7.40%
  • Interest Rate for 5 Years: 7.40%
  • Tenure Range: 12 months to 120 months

HDFC Ltd is a leading housing finance company in India. It is highly popular for fixed deposit schemes with competitive interest rates. They are famous for their stability and reliability. They offer you a simple and convenient savings solution with their fixed deposit account, which features very flexible maturity periods and interest rates that provide you with a high return. Additionally, HDFC Ltd. emphasises transparency, convenience, and excellent customer service, ensuring a seamless investment experience for its customers. Invest in HDFC Ltd. FDs for stable returns and peace of mind.


LIC Housing Ltd.  

  • Interest Rate for 1 Year: 7.25%
  • Interest Rate for 3 Years: 7.75%
  • Interest Rate for 5 Year: 7.75%
  • Tenure Range: 12 months to 60 months

LIC Housing Finance Limited is a subsidiary of the Life Insurance Corporation of India (LIC). TIt is one of the leading housing finance companies in India. They offer several fixed deposit schemes to invest by the investors. It is one of the most popular and oldest FD options which Indians choose to save their penny. LIC Housing Finance provides secure and attractive investment options. It is popular because of LIC’s reputation and stability. Housing Finance’s FDs come with competitive interest rates and flexible tenure options, catering to various investment needs and preferences. Investors benefit from the company through a strong track record, a customer-centric approach, and an efficient investment process.


Manipal Housing Finance Syndicate Ltd. 

  • Interest Rate for 1 Year: 7.75%
  • Interest Rate for 3 Years: 7.75%
  • Interest Rate for 5 Years: 7.25%
  • Tenure Range: 12 months to 60 months

Manipal Housing Finance Syndicate Ltd is one of the notable non-banking financial companies (NBFC) that provide interesting Fixed Deposits for Indians. They provide many interesting fixed deposits. With a focus on housing finance and related services, Manipal Housing Finance Syndicate Ltd. provides secure and good investments for people to grow their savings. Manipal Housing Finance Syndicate Ltd provides competitive interest rates and flexible tenure options.  According to their financial goals and risk tolerance, it gives a better return on the investments.


Mahindra Finance 

  • Interest Rate for 1 Year: 7.40%
  • Interest Rate for 3 Years: 7.70%
  • Interest Rate for 5 Years: 7.75%
  • Tenure Range: 12 months to 60 months

Mahindra Finance, a subsidiary of the Mahindra Group. It is a well-known and established non-banking financial company that provides several fixed deposits with better returns and no documents. It is known for its credibility and reliability to provide secure and attractive investments. They provide several competitive interest rates and flexible tenure options. However, Mahindra Finance emphasises customer satisfaction, transparency, and better business practices for their clients. It is recommended to choose Mahindra Finance for FDs for stable return and peace of mind.


PNB Housing Finance Ltd. 

  • Interest Rate for 1 Year: 7.35%
  • Interest Rate for 3 Years: 7.70%
  • Interest Rate for 5 Years: 7.50%
  • Tenure Range: 12 months to 120 months

PNB Housing Finance Limited is a subsidiary of Punjab National Bank (PNB). It is one of the famous housing finance companies in India from a well-known bank. They provide home loans and related services to businessmen and individuals, because of PNB Housing Finance who provide fixed deposit (FD) schemes to investors. People who want to start a fixed deposit at a good interest return, then they can think about the PNB Housing Finance Limited by Punjab National Bank (PNB). 


Muthoot Capital Services Limited 

  • Interest Rate for 1 Year: 6.25%
  • Interest Rate for 3 Year: 6.75%
  • Interest Rate for 5 Years: 7.25%
  • Tenure Range: 12 months to 60 months

Muthoot Capital Services Limited is a prominent non-banking financial company (NBFC), they are part of the Muthoot Pappachan Group. This Muthoot Capital service is known for its credibility, reliability, and customer-centric approach. Investors can save their money by starting a fixed deposit with Muthoot Capital Services Limited at a good return and flexible tenure options.


Shriram Finance Ltd. 

  • Interest Rate for 1 Year: 7.34%
  • Interest Rate for 3 Years: 7.95%
  • Interest Rate for 5 Years: 8.18%
  • Tenure Range: 12 months to 60 months

Shriram Transport Finance Company Limited, a subsidiary of Shriram Capital Ltd. It is a popular non-banking financial company (NBFC) in India that offers competitive returns on fixed deposit (FD) schemes. Investors benefit from the company’s strong financial performance, robust risk management practices, and adherence to regulatory standards. By choosing Shriram Transport Finance Company Limited for FDs, investors can enjoy stable returns and financial security.


Sundaram Finance 

  • Interest Rate for 1 Year: 7.45%
  • Interest Rate for 3 Years: 7.75%
  • Interest Rate for 5 Years: 7.75%
  • Tenure Range: 12 months to 36 months

Sundaram Finance Limited, a subsidiary of Sundaram Finance Group. They also provide several fixed deposit (FD) schemes for investors. finance Limited also provides secure and lucrative FD options for individuals seeking to grow their savings. 

 

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