6 "AAA" Rated Fixed Deposits That Offer Up to 9.35% Interest

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Interest rates in the economy are set to fall as Reserve Bank of India (RBI) officials meet on Sept 29 to decide on interest rates.

    It is almost certain that the RBI would cut rates in its policy meet. Before that happens you can invest at higher rates of interest in the following "AAA" rated company deposits that offer you interest rate of up to 9.35 per cent.

    Read how is credit rating done in India

    6
    This is pretty decent considering the fact that banks at the moment offer an interest rate of only 8 per cent or near about. We are talking of simple interest in both cases and not compound interest. On all of the below deposits senior citizens are offered an extra 0.25 per cent as interest.
     

    Interest rate on company fixed deposits

    Company Name 12 months 14 months 15 months 22 months 24 months 30 months 36 months 40 months
    Bajaj Finance 9.10 - - - 9.25 - 9.25 -
    DHFL Ashray Deposit Plus - 9.25 - - - - - 9.35
    HDFC Premium deposits - - 8.70 8.75 - 8.70 - -
    Mahindra Finance - Samrudhi 9.00 - - - 9.25 - 9.25 -
    PNB Housing Finance - - 8.80 8.85 - 8.80 - -
    Shriram Transport Unati 9.00 - - - 9.00 - 9.25 -

    Bajaj Finance Fixed Deposits

    Bajaj Finance's Fixed deposits are AAA rated as the company's fundamentals are solid. It is part of the Bajaj group and the deposits are very safe. One cap opt for cumulative as well as the regular interest option. ECS and other facilities are available on the deposits.

    You can get up to 9.25 per cent on the deposits, with the yield working out higher considering the compounding.

    The deposits are rated AAA by ICRA and Crisil.

    DHFL Ashray Deposit

    The Deposits of DHFL Ashray are from a very old housing finance company with a solid track record. The deposits can offer you an interest rate of as much as 9.35 per cent for a tenure of 40 months. The deposits are rated "AAA" by CARE.

    HDFC Premium Deposits

    HDFC premium deposits are not the best when it comes to interest rates. The highest interest rate the institution offers if 8.70 per cent. However, the company is one of the prestigious and respected financial institutions in the country.

    Mahindra Finance Samrudhi

    Mahindra Finance is part of the Mahindra group, hence the deposits are very safe. We are emphasizing safety because company fixed deposits by nature are risky and in the past there have been companies that have defaulted on interest and principal amount. Again the deposits are "AAA" rated by CRISIL.

    PNB Housing Finance

     

    PNB Housing Finance is a subsidiary of the government owned Punjab national Bank. The deposits do not offer interest rates that are very high like some other peers, but, they are much better than what banks in the country are offering. The deposits are rated "AAA" by banks.

    Shriram Transport Unati

    Shriram Transport Unati is offering an interest rate of up to 9.25 per cent. The deposits are rated "AAA" BY Crisil.

    Things to remember when putting in company fixed deposits

    Try and place the deposits for long term because interest rates are falling. There would be a TDS that is applicable on interest rates paid above Rs 5000. Interest on company deposits is very much taxable. Opt for ECS as this could make life a lot easier.

    Read smart ways to save tds on fixed deposits

    GoodReturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more