High FD Rates: You are getting more interest on FD than the bank, check list

NBFC FD Rates: Non-banking financial institutions are attracting investors by offering higher interest rates on FDs than banks. The promise of additional returns seems attractive but investors should assess the risks before investing their money. However, FD is considered to be the safest investment.

In today’s time, the art of making money from money is making people lakhpatis and crorepatis. However, money is invested with great caution. In today’s time, people think of doubling the money by investing in the stock market and mutual funds.

Sometimes the money doubles but sometimes the money also sinks. Therefore, before investing in the stock market, one must consult a financial advisor. But if you want to invest without risk, then FD is the most secure investment.

Fixed Deposit Interest (FD) is available in banks. But there are some NBFCs which are giving more returns on FD than the bank.

We have identified some NBFCs that have outperformed banks in terms of returns on FDs. Let us find out which NBFCs are giving higher returns on FDs than banks.

Are you getting higher returns on FDs than banks here?

• One year FDs in ICICI Home Finance are giving 7.00% to 7.25% returns. 3 year FDs are giving 7.40% to 7.65% interest and 5 year FDs are giving 7.50% to 7.75% interest.
• One year FDs in Bajaj Finance Ltd. are giving 7.60% interest. 3 year FDs are giving 7.70% to 8.00% returns and 5 year FDs are giving 8.30% returns.
• One year FDs in HDFC Ltd are giving 7.40% interest. 3 year FD is giving 7% return, while 5 year FD is giving 7% interest.
• LIC Housing Ltd. is giving 7.25% interest on one year FD. 3 year FD is giving 7.75% interest, while 5 year FD is giving 7.75% interest.
• Manipal Housing Finance Syndicate Ltd. is giving 7.95% to 8.25% interest on one year FD. 3 year FD is giving 7.95% to 8.25% interest. 5 year FD is giving 7.95% to 8.25% interest.

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