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    CRISIL Rating and their Effect on FDs

    We found 111 CRISIL Rating and their Effect on FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 8.15% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.35% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 6.9% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.5% - 7.10% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.4% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.25% - 6.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.35% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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  • Customer Reviews

    • SBI Fixed Deposit
      "Secured investment"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks SBI offering good interest rate on fixed deposit, they offered me 7.95% of interest. I have the amount of Rs. 2.4 lakhs for the tenure of three years. After the maturity period I got the amount around 2.9 lakhs. I am very much fine with that.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Karur Vysya Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the fixed deposit account with the Karur Vysya bank and the account got opened within one to two days of time. Tenure is for five years of time and after that it will be get matured. Rate of interest was around 8.5% to 9% on that time with the tax redemption.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Karnataka Bank Fixed Deposit
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I have an account for fixed deposit only with Karnataka bank. I have deposited around fifty five lakhs. I bank with Karnataka for more than twenty years, even my family members are having an account with the same bank. Their services are really good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • ICICI Bank Fixed Deposit
      "Good one"
      0.5 3.5/5 "Pretty good"
      I have fixed deposit account with the ICICI bank and I got it from them because I had the salary account with them. Within two days of time fixed deposit account got opened and the maturity period is around one year of time. Interest rate is around 8% with them and am not that much happy with that. I would like to suggest that they can increase the rate of interest for the deposits.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Fixed Deposit
      "Too much of process involved"
      0.5 2.5/5 "Just OK"
      At other private bank a fixed deposit could be opened online and a customer does not have to visit the bank. In my case I had to visit State bank of India to open a fixed deposit and it has a lot of process involved. Like wise to close the same it is the same scenario.
      Was this review helpful? 2
      , pune
      Reviewed on May 10, 2017
    • SBI Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the State bank of India and the interest rate is around 6.2% for the tenure of five years of time. I have opened this account through online, so it got happened very immediately. Charges are nil with them and I can get the money withdrawal in fraction of seconds.
      Was this review helpful? 4
      , pondicherry
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Long back I had Fixed deposit account with State bank of India. I selected the tenure period for six years. The bank had fixed a good rate of interest. At last I received the money with the promised interest amount. I am much satisfied with SBI for the FD service.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 09, 2017
    • Bank of Baroda Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had Fixed Deposit account with Bank of Baroda about quite long back. The tenure period is six years and the fixed amount is four to five lakhs. The percentage of interest rate is quite good and they returned the money back with the promised interest amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 09, 2017
    • ICICI Bank Fixed Deposit
      "Average "
      0.5 2.0/5 "Expected more"
      I have withdrawn my fixed deposit account with the ICICI bank and the interest rate was around 7%. It took around one to two hours of time to open the account through online. There are no charges while withdrawing the amount , also it took around one month of time to get it.
      Was this review helpful? 1
      , pudukkottai
      Reviewed on May 08, 2017
    • IDBI Fixed Deposit
      "Very Responsive"
      0.5 4.0/5 "Great!"
      I deposited some amount with IDBI bank as a fixed deposit. Actually I deposited this amount for future savings also I will be getting some good interest rate at the end of the year. I got good support from the bank executives and they provided all the information regarding FD.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • YES Bank Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Yes bank have some banking issues with them I believe. I have savings account, recurring and fixed deposit account with them. I never received quick response from the bank. But the bank is good for my fixed deposit account. Simply I opened an account with them and getting better service on it.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • Kotak Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have savings account with Kotak Mahindra bank. Even I have fixed deposit account as well. The period of FD is for one year. The bank is assigned relationship manager for me as I have so many accounts with them. I got good response from them for my FD. 1 years, 1years, relationship manager
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      Even I have fixed deposit with State bank of India. The tenure period is one year. I deposit certain amount with them as their interest rate is good and incomparable. SBI gives good response to the people and they are very supportive as well. I have no issues with SBI.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • Punjab National Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit with Punjab National Bank. I have deposited ceratin amount on my account. I got good response from the bank when I opened FD. The bank was so supportive and they provided all the information regarding FD. The interest rates too are pretty attractive.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Average "
      0.5 1.0/5 "Really Bad"
      I had invested in fixed deposit with the State bank of India and the interest rate is very less like its around 7.15%, also the returns are also very less, which will be also applicable with the tax. Services provided by them is really not good and I would like to suggest that they need to provide the customer service in a much better way.
      Was this review helpful? 2
      , bhopal
      Reviewed on May 03, 2017
    • SBI Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      In terms of interest rate and everything State Bank of India is fine to have the fixed deposit and the service aspects are working fine with them. I am having this account from the last six to seven years of time and the response is always very good with the State Bank of India.
      Was this review helpful? 2
      , mundra
      Reviewed on May 03, 2017
    • HDFC Bank Fixed Deposit
      "Excellent to Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the HDFC bank and the interest rate is differed according to the offers. All of my deposits will be taken care by my relationship manager. Total tenure is around five years of time and its a kind of small deposits. Net banking services are an excellent one with them.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 26, 2017
    • Punjab National Bank Fixed Deposit
      "Customer service should be good and unique for everyone"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the Fixed deposit and they have provided around 8.5% as interest rate. Services are perfect one for me and I do have good relationship with them because my relatives are working there. Net banking services are also working good and they are started to exhibit most of the services there.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 26, 2017
    • Axis Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit account with the Axis bank and the minimum tenure is around five years of time. Response is a good one with them and everything was done through online. Net banking services are working in an excellent way and it is really wonderful.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 25, 2017
    • HDFC Bank Fixed Deposit
      "My FD"
      0.5 5.0/5 "Blown Away!"
      I had invested in FD with HDFC. The benefits what I get here is huge. I never used to visit the branch . I had got a phone call from them immediately they had sent their representative for the same. He helped me in filling the form and I do have online access and I view all the FD information online itself
      Was this review helpful? 2
      , kolkata
      Reviewed on Apr 20, 2017
    Common Loader Icon

    CRISIL Rating and their Effect on FDs is Rated as "Excellent!" by 1738 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN
    What kinds of instruments does CRISIL rate?

    CRISIL is a full service rating agency and is the largest of its kind in India. CRISIL has singlehandedly pioneered the concept of credit rating in the nation. It has been trusted to rate a wide array of debt instruments including, certificate of deposit, bank loans, commercial paper, non-convertible debentures, bank hybrid capital instruments, asset backed securities, mortgage backed securities, perpetual bonds, partial guarantees, etc.

    Who does CRISIL cater to?

    Established in 1987, CRISIL’s ratings caters to investors, lenders, issuers, market intermediaries and regulators. CRISIL provides information that are required by these categories and issues credible benchmarks for evaluating the feasibility of credit repayment.

    What sectors do CRISIL ratings cover?
    CRISIL Rating and their Effect on FDs

    CRISIL ratings actively cover manufacturing companies, banks, non-banking finance companies, public sector undertakings, financial institutions, state governments, urban local bodies, mutual funds, industrial companies, non-banking financial institutions (NBFCs), Infrastructure entities, microfinance institutions, urban local bodies, etc. with a wide net encompassing 190 industry sectors.

    What is the role of CRISIL?

    CRISIL ratings play an invaluable role in providing assistance to issuers and borrowers. It bridges the gap between borrowers and funds, while also providing alternatives for the purpose of funding. Additionally, CRISIL ratings enhance the cost of funds by optimising them.

    How do CRISIL ratings affect Depositors?

    CRISIL ratings are heavily relied on by investors and lenders to supplement the internal evaluation process before submitting to making an investment. Whereas, with the view of the markets as a whole, CRISIL ratings are considered an important benchmark for pricing as well as trading of debt instruments.

    Furthermore, CRISIL ratings aid regulators in measuring and managing the credit risk involved with the activity of lending. These ratings are also useful in computing an entity’s adequacy in the sector of banking. Determination of eligible investment pool for insurance companies, pension funds and provident funds are also enabled with CRISIL ratings.

    How to decipher CRISIL’s rating system?

    CRISIL follows the following rating system while rating fixed deposits-

    NMNot Meaningful
    FDDefault
    FCHigh risk
    FBInadequate safety
    FAAdequate safety
    FAAHigh safety
    FAAAHighest safety

    CRISIL may add a (+) or (-) for ratings FAAA to FC to indicate the position of the company within the rating category.

    What does a good CRISIL score indicate?

    CRISIL ratings are one of the most important factors to gauge when looking for a company fixed deposit. A company’s or bank’s credibility is greatly determined using CRISIL ratings. Company fixed deposit schemes are generally graded by CRISIL and is the first thing that investors look into before making an investment in an account. These ratings behaves as an assurance that indicates the highest degree of safety for a fund. It also shows the timely servicing of the entity’s financial obligations, in turn aiding to the credibility. CRISIL ratings enable depositors to differentiate between high credit risk organisations from low credit risk organisations. For example, HDFC Bank is rated FAAA by CRISIL, thus indicating high credit quality and low credit risk in their fixed deposit scheme. The first and foremost thing to watch out for would be to invest into well rated schemes. A usual indicator for a well rated scheme is AA and above ratings.

    Higher rate of interest vs higher CRISIL rating?

    Institutions that offer higher rates of interest due to low credit ratings are usually high risk investments. Financial institutions that have received a bad rating from CRISIL tend to offer lucrative interest rates in order to lure depositors into investing.

    CRISIL provides an unbiased and objective assessment of an entity’s timely repayment capacity and history. This allows investors to make independent decisions when it comes to making a deposit in a company fixed deposit scheme.

    Why do investors rely on CRISIL ratings?

    CRISIL ratings greatly aid in understanding the financial health of the company offering the fixed deposit scheme. It allows the depositor with the assurance of making a comparative analysis amongst the various players in the market. It also enables the act of investing by securing the channels leading to investment decisions. With an easy to understand and simple rate card, depositors now have a benchmark to compare various offerings of the product. This allows the investor to wisely make a decision regarding the investment of hard earned money. Furthermore, CRISIL makes it possible to sieve through the numerous offers that are available across various companies.

    Does CRISIL rating affect a company’s Fixed Deposit rates?

    CRISIL does not directly affect Company FDs in any way, but is a sure shot way for investors and depositors to check the credibility of a particular entity before making a long term commitment. With the ever changing market trends, CRISIL makes it easier for the layman to keep up with the ever changing dynamics of the industry.

    News About CRISIL Rating and their Effect on FDs

    • Ratings for Acceptance of Fixed Deposit of Transpek Industry Limited Assigned by CRISIL

      Transpek Industry Limited recently made an announcement regarding the ratings assigned by CRISIL. It said that acceptance of fixed deposits from the company’s shareholders can be done up to the limit of Rs.18.61 crores and that the rating assigned previously will remain the same. Shares of the company were last trading in Bombay Stock Exchange at Rs.369, which was a rupee under the previous close of Rs.370. In total, 1253 shares were traded in more than 52 trades over the course of the day.

      5th January 2016

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