Earn up to 9.4% FD rate: Best fixed deposit returns! Check out these corporate FDs offer

financialexpress.com:

Corporate fixed deposits (FDs) are currently offering attractive interest rates on tenures up to 5 years. FDs issued by housing finance companies and non-banking financial companies fall under the corporate fixed deposit category. Corporate fixed deposits yield better returns than most bank fixed deposits. Take a look at these top 5 corporate FDs in April 2024:

Shriram Finance has increased interest rates on cumulative fixed deposits by up to 20 basis points (bps) on various tenures, effective April 9, 2024. Women senior citizens investing in 50 months and 60 months fixed deposits are offered 9.4% interest rate per annum. This includes 0.50% addition rate for senior citizens and 0.10% for women senior citizens, the company said in a release. Senior citizen FD investors can earn 9.30% interest rate on FDs for 50 months, 60 months tenure. Regular citizens are offered 8.80% rate on FDs of same tenure.

Shriram Finance FDs are rated “[ICRA]AA+ (Stable)” by ICRA and “IND AA+/Stable” by India Ratings and Research.

Also Read: FD rates hiked by up to 60 bps: These two big non-bank lenders hike fixed deposit rates! Should you invest now?

Muthoot Capital is offering interest rates ranging from 7.71% to 8.88% per annum on a cumulative basis on fixed deposits to senior citizens and 7.21% to 8.38% per annum to the general public. These rates are applicable on tenures ranging from 1 year to 5 years. (Source: Paisabazaar)

Muthoot Capital has a credit rating of A+/Stable by CRISIL.

Bajaj Finance is currently offering FD interest rates ranging from 7.65% to 8.85% on varipus tenures to senior citizens. The lender also offers 7.40% to 8.60% interest on FDs for general customers. These rates apply on tenures ranging from 1 year to 5 years.