Fixed deposit interest rates are subject to change from time to time.Fixed deposit or FD, a secure financial instrument, is offered by banks as well as non-banking financial companies (NBFCs).
The interest rates offered on company fixed deposits are higher than those on bank fixed deposits.
However, while returns on bank FDs are assured, the interest rates on corporate fixed deposits depend on the profits posted by the companies, say financial experts.Non-banking finance companies such as Shriram Transport Finance Company Limited, Bajaj Finserv and Mahindra Finance offer the option of opening a fixed deposit.Shriram Transport Finance Co.The following FD interest rates are applicable on non-cumulative deposits according to stfc.in:The company also offers an additional interest rate of 0.25 per cent to senior citizens.Bajaj FinservThe following FD interest rates are applicable on non-cumulative deposits according to bajajfinserv.in:The company also offers an additional interest rate of 0.35 per cent to senior citizens.Mahindra FinanceThe following FD interest rates are applicable on non-cumulative deposits according to mahindrafinance.com:The company also offers an additional interest rate of 0.10 per cent to senior citizens.In a non-cumulative FD, interest is paid out monthly, quarterly, half-yearly, or annually, according to the investor's choice.Fixed deposit interest rates are subject to change from time to time.
On Monday, SBI revised its FD interest rates across all maturities.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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