Fixed deposit are one of the most popular investment options in India. LIC Housing, HDFC, Bajaj, Mahindra, PNB Housing, Shriram Transport best FD scheme provide best interest rate.
Top Rated Company Fixed Deposit Rates – Nov 2022
HDFC Ltd FD Rate Nov 2022
| Period | Interest Rate | Senior Citizen |
| 12 Month | 6.35% | 6.60% |
| 15 Month | 6.50% | 6.75% |
| 18 Month | 6.60% | 6.85% |
| 22 Month | 6.70% | 6.95% |
| 24 Month | 6.65% | 6.90% |
| 30 Month | 6.80% | 7.05% |
| 33 Month | 7.00% | 7.25% |
| 36 Month | 6.85% | 7.10% |
| 45 Month | 7.50% | 7.75% |
| 48 Month | 6.85% | 6.95% |
| 60 Month | 6.90% | 7.15% |
Minimum Investment- 20,000
0.25% extra for Senior Citizen
Bajaj Finance FD Rate Nov 2022
| Period | Interest Rate | Senior Citizen |
| 12 Month | 6.55% | 6.80% |
| 15 Month | 6.70% | 6.95% |
| 18 Month | 6.80% | 7.05% |
| 24 Month | 7.25% | 7.50% |
| 30 Month | 7.35% | 7.60% |
| 33 Month | 7.35% | 7.60% |
| 36 Month | 7.50% | 7.75% |
| 48 Month | 7.50% | 7.75% |
LIC Housing Finance FD Interest Rate 2022
| Period | Interest Rate | Senior Citizens |
|---|---|---|
| 12 M | 6.75% | 7.00% |
| 18 M | 6.75% | 7.00% |
| 24 M | 7.00% | 7.25% |
| 36 M | 7.25% | 7.50% |
Mahindra Financial Services FD Rate Aug. 2022
| Period | Interest Rate | Senior Citizen |
|---|---|---|
| 12 M | 6.25% | 6.50% |
| 24 M | 6.60% | 6.85% |
| 36 M | 7.25% | 7.50% |
| 48 M | 7.25% | 7.50% |
| 60 M | 7.25% | 7.50% |
PNB Housing FD Rate 2022
| Period | Interest Rate | Senior Citizen |
|---|---|---|
| 12 Month | 7.00% | 7.25% |
| 24 Month | 6.80% | 7.05% |
| 36 Month | 7.55% | 7.80% |
| 48 Month | 7.40% | 7.65% |
Shriram Transport Finance FD Rate Nov 2022
| Period | Interest Rate | Senior Citizen |
| 12 Month | 7.00% | 7.50% |
| 24 Month | 7.50% | 8.00% |
| 36 Month | 8.05% | 8.55% |
| 48 Month | 8.20% | 8.70% |
ICICI Home Finance Fixed Deposit Interest Rate 2022
| Period | Interest Rate | Senior Citizens |
|---|---|---|
| 12 Month | 6.15% | 6.40% |
| 24 Month | 6.70% | 6.95% |
| 36 Month | 6.90% | 7.15% |
| 39 Month | 6.95% | 7.20% |
| 45 Month | 7.05% | 7.30% |
FAQs – All you want to know about Company/NBFC FDs
Who can invest in Company Fixed Deposit ?
Every person, including residents of non-resident Indians (NRI) as well as senior citizens are qualified to make an investment in Corporate FDs. Corporate FDs typically provide 25-50 basis points more interest rate than the standard rate for seniors (those over the age of 60).
Are deposits in NBFC insured ?
The deposits with NBFCs are not secured. The repayment of deposits by NBFCs is not guaranteed by RBI.
What is difference between a Bank FD & Company FD ?
A fixed deposit from a bank is only offered by banks.
Fixed deposits of companies and corporates are financial instruments offered from non-banking financial establishments as well as corporations.
Corporate or company rate on FDs are typically higher than the interest rates of bank FDs.
However the corporate FDs are not secured, which means they don’t have insurance for deposits.
What is a basis process of premature Company FD withdrawal ?
Corporate fixed deposits may be broken or liquidated prior to expiration at the NBFC’s physical branch or on their website. The basic process for premature withdrawal of corporate fixed deposits will require you to submit:
- The original fixed deposit receipt with all holders signatures
- A canceled cheque
- A request letter from the client with the reason for withdrawal
This can also be completed online by submitting required documents and proofs on the company/NBFC website.