KTDFC

Kerala Transport Development Finance Corporation is a government of Kerala undertaking. So, your deposits are relatively secure. Secondly, a one-three year deposit attracts an interest rate of 10.25 per cent, which is higher then what almost every bank is currently offering. So, on safety and returns the deposit makes sense.

HUDCO

A 2-year deposit of Housing and Urban development Corporation attracts an interest rate of 9.70 per cent. Again, HUDCO is government owned company so there is more than sufficient safety. Deposits rates of HUDCO are again higher then what most banks in the country are offering.

Catholic Syrian Bank

A 1-2 year deposit at Catholic Syrian Bank offers an interest rate of 9.65 per cent.

This is a good rate in comparison to peers and one can lock-in for 2 years considering that interest rates are likely to fall in the short to medium term.

Mahindra Finance

Mahindra Finance is offering an interest rate of 10 per cent on its 3-year fixed deposits. These Fixed Deposits have a Crisil rating of 'FAAA', which indicates a high level of safety. In any case the company has a strong pedigree, as it's a part of the Mahindra group, so safety remains very high.