Do you want to grow your hard-earned money effortlessly for a secure tomorrow? Book a Fixed Deposit (FD) with Shriram, the company which offers the highest interest rate for an FD in India. Shriram helps investors with an investment option that is profitable and secure. Check out what is making Shriram stand out from its competitors and delivering remarkable results in the investment market.
Investors choose a fixed deposit investment because it offers a stable interest rate and guarantees profitable returns. Although there are several highly-rewarding investment options in the market, a fixed deposit provides just the right features like safety and growth that motivate investors to prefer a limited deposit account.
Fixed Deposit
A fixed deposit is the most reliable investment option that offers consistent returns at a reasonable interest rate. It helps investors save a considerable amount of money in the present and earn a lump sum amount at maturity.
Investors assume that fixed deposits with banks are safe as RBI manages them. However, with current safety ratings from CRISIL, ICRA and India Ratings and Research, NBFCs (Non-Banking Financial Companies) are as safe as banks. While banks reduce their interest rates, NBFCs offer the highest interest rate on fixed deposits.
Top 5 Advantages of Company Fixed Deposit
A company fixed deposit offers exceptional benefits for investors who want to multiply their investment quickly and hassle-free. Below are a few advantages you must know before investing in an FD.
- NBFCs are more flexible than banks as they are not managed by RBI (Reserve Bank of India). This helps NBFCs to allow investors to choose tenure based on their convenience.
- NBFCs are rated by CRISIL, ICRA and India Ratings and Research. Hence, your fixed deposit is safe, and you get guaranteed returns.
- Compared to banks, NBFCs offer the highest interest rate on a fixed deposit.
- NBFCs allow you to withdraw cash from your fixed deposit in case of emergencies. However, there is a penalty you must pay when you break your FD/withdraw some money before maturity.
- Booking a fixed deposit with an NBFC is quick and simple.
Tips to Choose NBFC with Highest Interest Rate
In 2022, choosing an NBFC can be tedious as the market is very competitive. Hence, here are a few tips to utilise while choosing an NBFC for your fixed deposit investment.
- Many NBFCs in India claim to offer attractive interest rates higher than the market interest rates. However, only a few NBFCs like Shriram offer maximum interest rates on an FD.
- Before finalising your company, check the track record of your NBFC’s maturity payment.
- Also, NBFCs are rated for safety by CRISIL, ICRA and India Ratings and Research. Hence, check the rating grade to understand the type of safety your NBFC could offer during the investment tenure.
- It is best for you to know that only a few schemes offer the highest interest rate. Hence, research and choose the suitable scheme that has shown excellent results in the past.
- A non-cumulative FD scheme from an NBFC will generate regular income. However, you have to choose the payout interval based on your convenience.
- Finally, you must check the efficiency of your NBFC’s operations because you might need a few essential operational services during your investment tenure.
Which Company Offers the Highest Interest Rate on a Fixed Deposit?
Shriram is one of the best NBFCs in India, offering one of the highest interest rates on a fixed deposit. Including the extra interest for senior citizens, Shriram offers a competitive 8.40% for the longest FD tenure of 5 years.
Shriram’s fixed deposit is rated “AA+ (Stable) by ICRA” and rated “IND AA+/Stable by India Ratings and Research”. These ratings indicate high credit quality and assure secure investment. With Shriram, you can multiply your investment quickly and hassle-free. Besides, Shriram has decades of trust in the investment market with over 2.12 million customers.
Here is a table that shows the top 5 companies/NBFCs that offer competitive interest rates on a fixed deposit.
| Top 5 Company FD Rates | ||
| Company | CRISIL/ICRA Rating | Maximum Interest Rate |
| Shriram | ICRA AA+/Stable | 8.40% |
| Bajaj | ICRA MAA/Stable | 7.45% |
| Mahindra Finance Ltd | CRISIL FAAA | 7.42% |
| Muthoot Capital | CRISIL FAAA | 7.00% |
| PNB Housing Finance Ltd | CRISIL FAAA | 6.65% |
Why Choose Shriram?
Among all the NBFCs in India, Shriram stands out and delivers excellent results in the investment market because of the following points;
- Higher Fixed Deposit Returns
- Flexibility on Investment Amount
- Flexibility on Investment Tenure
- Additional Interest Rates for Senior Citizens
- Earn Regular Income – Periodic payouts with a non-cumulative FD
Get Started with Shriram!
Everyone wants a profitable investment. While other investment options in the market offer only profitable investments, Shriram goes the extra mile and offers the most beneficial and secure fixed deposits. So, take a step towards a promising future by booking an FD with Shriram.
Key Highlights
- Do you want to grow your hard-earned money effortlessly for a secure tomorrow?
- Book a Fixed Deposit with Shriram, the company which offers the highest interest rate for an FD in India.
- Shriram helps investors with an investment option that is profitable and secure.
- Shriram is standing out from its competitors and delivering remarkable results in the investment market in 2022.
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