Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    FD Schemes with High Rate of Returns

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 20 Years
    5.25% - 9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% to 7.85% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.5% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    6% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% to 8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.75% - 7.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.25% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7% - 7.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    3.75% - 7.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    7.25% - 7.4% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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    Tell us about yourself & we'll find the best Fixed Deposit offers for you.

    Fixed Deposit BYTES FROM OUR KITCHEN

    One of the key motivations behind saving means is growing it and the key criteria therefore is a good rate of returns. A good rate of returns on savings should beat inflation. A fixed deposit typically offers a high rate of interest which is relatively safe. As stock market investments are highly volatile, FDs are a good and safe source of investment and yield a regular income. In India, both banks and companies offer fixed deposits and are preferred by those who prefer a stable, regular income i.e pensioners.

    While bank deposits are guaranteed by Deposit Insurance and Credit Guarantee Corporation (DICGC), companies that have a good track record and enjoy a good credit rating also offer a good avenue to invest.

    While public sector banks such as SBI offer 8.75% deposits of two to three years tenure and private banks like HDFC Bank anywhere between 8% and 8.75%, company fixed deposits offer two to three percentile points more.

    The latter definitely look more attractive with Mahindra and Mahindra Finance offering 12.2% per annum and fixed deposits issued by Jaypee Group offering rates as high as 14.36% on a three-year FD on a cumulative basis. HDFC FDs offer up to 9.44 %, while Dewan Housing Finance offers 10.10% on an annualised basis for 40 months deposits.

    Let us look at the range of FDs from bank and companies offering higher rates of returns here:

    Bank FDs with higher rate of returns

    Some of the banks in both public and private sector that offer higher rates of interest are:

    Lakshmi Vilas Bank

    Lakshmi Vilas Bank, a leading private bank in South India offers 5.5% to 8.75% interest rate p.a for FDs from tenures of 15 days to 5 year and above. Senior citizens can earn 0.5% p.a interest extra.

    IndusInd Bank

    IndusInd Bank, a leading private bank, offers 3.5%-8.65% interest p.a for fixed deposits from tenures of 7days to 61 months. Senior citizens earn 0.5% p.a. more.

    J&K Bank

    J&K Bank offers 5- 8.00% interest p.a for fixed deposits from 7 days up to 10 years. For senior citizens, an additional 0.50% p.a is applicable.

    Canara Bank

    Public sector Canara Bank offers 4-8.25% interest for fixed deposits for one year. Senior citizens can earn 0.5% p.a interest extra.

    State Bank of India

    State Bank of India, the largest public sector bank in India offers interest rates ranging from 6-8.25% for tenures from 7 days up to 10 years. Senior citizens earn 0.5% more.

    Company FDs with higher interest rates

    Though company deposits are not insured like banks, the depositors prefer them because they provide higher rates of interest. Here are some companies that offer higher rates:

    DHFL

    Dewan Housing Finance Ltd (DHFL) one of the older housing finance companies in India offers a yield of 10.00 percent on deposits for 14 months, while the one for 40 months has a return of 10.10 percent. These deposits have a CARE rating of AAA (FD).

    Tamilnadu Power Finance

    Tamilnadu Power Finance and Infrastructure Development Corporation, a wholly owned company of Govt. of Tamilnadu, utilizes the money gathered through its Fixed Deposits to power and infrastructure projects. It offers attractive interest rates of 9.25 percent to 10 percent on deposits ranging from a period of 12 to 60 months. For senior citizens, the rate is 9.5 to 10.5 percent.

    HDFC

    India's leading private sector housing finance company, HDFC’s premium deposit carries an interest rate of 9.3 percent for 22 months and 9.44 percent for 44 months. Rated FAAA by Crisil, indicating high safety, the FD schemes are popular among small investors. The other deposit schemes of HDFC offer lower interest rates.

    Jaypee Infratech

    Jaypee Infratech, which developed Yamuna Expressway--a 165-kilometre expressway connecting Noida and Agra, accepts deposits at attractive interest rates. The company's 1-year cumulative scheme is currently offering an interest rate of 12.13 percent and 3-year scheme a rate of 14.36 percent.

    Mahindra and Mahindra Finance

    The Mahindra and Mahindra Finance Fixed Deposit has a Crisil rating of 'FAAA', and offers a yield of as much as 10.73 percent under the 36-month option and 11.73 percent under the 60-month option.

    PNB Housing

    The PNB Housing deposit offers high safety assurance through a FAAA rating by Crisil. The deposits have an interest rate of 9.15-9.25 percent across various tenure ranging from 12 months to 60 months.

    LIC Housing

    LIC Housing also has a FAAA rated fixed deposits scheme. The interest under the various schemes ranges from 8.9 percent to 9.4 percent across various tenures.

    Kerala Transport

    Kerala Transport is a government of Kerala owned entity which is offering an interest rate of 10.00 percent on its fixed deposits for various tenures. Backed by the government of Kerala, it is considered relatively safe.

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