Is Shriram Transport Finance fixed deposits safe?
Is Shriram Transport Finance fixed deposits safe?
Is it safe to invest in Shriram Transport Finance Fixed Deposits? STFC FD is rated FAAA/Stable by CRISIL and MAA+ with Stable Outlook by ICRA. These ratings indicate high credit quality which in turn means a higher degree of safety.
Which bank has highest Rd interest rate in 2021?
Major Bank’s Best RD Interest Rates 2021
| Bank | General Interest Rates | Senior Citizen Interest Rates |
|---|---|---|
| SBI RD Interest Rates | 4.40\% – 5.50\% | 4.90\% – 6.20\% |
| ICICI RD Interest Rates | 3.50\% – 5.50\% | 4.00\% – 6.30\% |
| HDFC RD Interest Rates | 4.40\% – 5.50\% | 4.90\% – 6.25\% |
| Kotak Bank RD Interest Rates | 4.30\% – 5.20\% | 4.80\% – 5.70\% |
Is IndusInd Bank safe?
Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, IndusInd Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
Is Bajaj Finance good for FD?
Moreover, with competitive interest rates of up to 7.05\%, Bajaj Finance Fixed Deposit is a great option. Additionally, FDs have several other benefits in addition to the safety of investment and fixed returns. You can also avail of loans against them during a financial emergency.
Which NBFC gives highest FD rates?
List of Banks/NBFCs Offering 7\%-10\% Return on Fixed Deposits
| Banks/NBFCs | Interest Rate/Effective Yield (In Per Annum) |
|---|---|
| HDFC Bank | 7.00\%-7.40\% (Normal) 7.20\%-7.90\% (Senior Citizens) |
| ICICI Bank | 7.00-7.95\% |
| Axis Bank | 7.00-7.70\% (Normal) 7.25\%-8.10\% (Senior Citizens) |
| Kotak Mahindra Bank | 7.00\%-7.90\% |
What is the FD scheme of Mahindra Finance?
Mahindra Finance FD Scheme offers highest interest rates up to 7.3\% where one can get yield up to 8.38\%. Banks are reducing interest rates in the last few quarters.
What is the interest rate of FD in Shriram transport finance?
For a 60-month cumulative FD, the nominal interest rate is 9.11 per cent which effectively yields 11.49 per cent on maturity. Shriram Transport Finance FD Interest rate on fresh deposits or renewals (Effective 1st November 2018) Senior citizen scheme ( 60 years on the date of deposit or on renewal)
Is Mahindra Finance a good company?
Mahindra & Mahindra Financial Services Limited (also known as Mahindra Finance) is a Rural NBFC headquartered in Mumbai. It is amongst the top tractor finance in India and offers a wide range of financial products to address varied customer requirements. Mahindra Finance offers 4 FD scheme variants.
Which is the highest FD rate offered by companies in India?
The highest company FD rate is offered by Shriram Transport Finance Ltd. at 8.26\% p.a. Many companies offer a higher Fixed Deposit rate to senior citizens. Tenure ranging between 1 year and 10 years. Minimum deposit amount of Rs.10,000. Loan of up to 75\% of your deposit amount.