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Fixed Deposit: All non-banking financial companies (NBFCs) in the country are regulated by the Reserve Bank of India (RBI) under the RBI Act 1934. These NBFCs offer high interest rates on fixed deposits (FD) to their customers. However, there is a risk in paying more interest. Let’s know about the non-banking financial companies that offer the highest interest rates to their customers.
Bajaj Finserv FD Rates
Bajaj Finserv offers its senior citizen customers an interest rate of 7.70% to 8.60% on non-cumulative deposits with tenors of 15 months to 44 months.
Muthut Finance FD Rates
Muthut Finance offers 6.25% to 7.25% interest on non-cumulative deposits to its senior citizen customers.
LIC Housing Finance
LIC Housing Finance offers its senior citizen customers 7% to 7.75% interest on non-cumulative deposits and 7.25% to 7.75% on cumulative FDs.
Sundaram Finance
Sundaram Finance offers 8% to 9% interest to its senior citizen customers. While Sundaram Finance is offering interest ranging from 7.60% to 8.50% to general customers.
ICICI Home Finance
ICICI Home Finance offers 7.25% to 7.75% interest on accumulated FDs to its senior citizen customers. On the other hand, under non-cumulative FD, customers are getting 7.65% to 7.85% interest.