Bajaj Finserv

Bajaj Finserv is offering an interest rate of 8.45 per cent on its 24 - 60 month deposits. This is certainly not bad and a cool 1 per cent, over and above what banks are offering for the same tenure.

The company's Fixed Deposit are FAAA/Stable Rating by CRISIL and MAAA (Stable) Rating by ICRA. This is the highest possible rating and indicates very high safety. Being a part of the Bajaj group, the chances of a default are also minimal.

KTDFC

These deposits are backed by the government of Kerala, as KTDFC is a government owned institution.

So, chances of failure of payment of interest and principal amount is almost negligible.

The interest rates on the 1, 2 and 3 year deposit is 8.50 per cent, which is again very good. The yield works to approximately 10.25 per cent on a 5-year deposit.

Senior citizens are entitled to an interest rate of 8.75 per cent on a 1, 2 and 3 year deposits. 

Best FD Interest Rates For Oct 2016

Interest rates on the Mahindra Finance deposits is 8.45 per cent across all tenures. This is as simple as it gets.

However, the cumulative yield on the deposits tends to rise higher and reaches as much as 10 per cent over a 5-year tenure.

Senior citizens are entitled to an extra 0.25 per cent.

These deposits are very safe as they have a Crisil rating of 'FAAA', which indicates a high level of safety.

Bandhan Bank

If you are looking to invest in a bank deposit, then you should try Bandhan Bank deposit. The interest rates are 8.25 per cent for a 366-400 day deposit. This is a good 0.75 per cent more than what other banks in the country, especially the government owned banks are giving.

If you are worried that there are no branches in the viscinity, you can book an FD online, which is faster and more convenient.

Shriram Transport

Shriram Transport offers an interest rate of 8.42 per cent on its cumulative deposit for tenures ranging from 48 to 60 months. A 24 and 36 months cumulative deposit, fetches a slightly lower interest rate of 8.19 per cent.

Remember, company deposits will have a TDS, if the interest income exceeds Rs 5,000 per year. Go for these deposits, as we believe that the RBI will cut interest rates going forward.

DHFL Fixed Deposits

This has to be the best fixed deposit interest rates around. A 40-month deposit fetches an interest rate of 8.65 per cent, and a 48-120 month deposit also fetches you a similar interest rates. This is the highest and the home finance company only recently cut interest rates.

The deposits are AAA rated, which makes them rather secure.

RBL Bank

This bank only recently came out with a public issue. The bank offers an interest rate of 8.25 per cent from 24 to 36 month deposits.

Disclaimer

Investment in company FDs are risky. Please seek professional advise.