High on Safety

Gruh Finance is a HDFC subsidiary. So, your money is relatively safe considering the fact that company fixed deposits are not the safest instruments around. The company offers an interest rate of 9.5 per cent for its 36-59 month deposit, under the cumulative and annual option. This is way higher than interest rate on term deposits offered by most government banks.

The highest interest rate from a govt backed institution

Kerala Transport Development Finance Corporation is a government of Kerala undertaking and hence the deposits are safe from risk of default of interest and principle payment. The interest rate on a 1, 2 and 3 year deposit under Rs 10 lakh is 10.25 per cent, while over Rs 25 lakh the interest rate is 10.5 per cent.

Decent interest rate with good safety

A 5-year deposit with LIC Housing Finance will fetch you an interest rate of 9.6 per cent. An important aspect to note is that the interest rate is compounded half yearly and not quarterly as in the case with banks, which could make your yields slightly lower.

A strong pedigree

A 36-month fixed deposit fetches an interest rate of 10.25 per cent from Mahindra Finance. The 24-month deposit gives an interest rate of 10 per cent, while the yield on the same goes up to 10.5 per cent.

A Shriram Group company

The Shriram Unati Fixed Deposit from Shriram Transport is offering a yield of 10.23 per cent and 11.94 per cent on its 24 and 36 months deposit. The CRISIL rating on the fixed deposit indicates a high degree of safety. The yields on the same are the highest amongst the various categories.