We are going to usher in the new year in another week's time. The Reserve Bank of India has hinted at pulling interest rates down next year. If that happens you are unlikely to get a very high interest rates that you are likely to get currently. Therefore its advised to buy a few good fixed deposits with high interest rates. Here is a list of such deposits.
Decent Rate of Returns
India's number one housing finance company offers deposits that are very secure. HDFC's fixed deposits come with the Highest safety of a AAA rating from both CRISIL and ICRA and have been so for the last 19 consecutive years. The cumulative option currently offers an interest rate of 9.35 per cent. 9.40 per cent and 9.35 per cent for 15, 22 and 30 months under the Platinum Fixed Deposit Scheme.
Interest Rates upto 9.75%
Mahindra Finance is offering an interest rate of up to 9.75 per cent for its three year fixed deposits. the 18 month cumulative deposit attracts an interest rate of 9.25 per cent, while the 24-month deposit attracts an interest rate of 9.50 per cent.
Super rate of interest
The government of Kerala backed KTDFC is offering an interest rate of 10 per cent on 1,2 and 3 year deposits, for deposits under Rs 25 lakhs.
For deposits over Rs 25 lakhs the interest rate is 10.25 per cent. The deposits for senior citizens attract an interest rate of 0.25 per cent more.
Yields Upto 11.5 per cent
Sundaram Finance is offering interest rate of 9.75 per cent on one year deposits, while the 2 and 3 year deposits attract an interest rate of 10 per cent. The yields work out to as high as 11.5 per cent.