The term deposits of this NBFC are rated AAA by Crisil, ICRA. Check the latest interest rates
Amid volatile market conditions due to macroeconomic uncertainties, investors needed an investment pool that was risk-free and could provide guaranteed returns. In the market risk scenario, fixed deposit systems have emerged as a sensible option as hikes in repo rates over the past three policies have prompted banks and NBFCs to raise their FD rates. That said, there is one NBFC in particular whose term deposits are rated “AAA/Stable” by major rating agencies like CRISIL and ICRA. This Bajaj Group-backed financial services provider offers FD rates as high as 7.75%, which is anti-inflation. At the same time, the company also offers a systematic deposit plan from ₹5,000, with the highest rate being 7.65%. Seniors earn extra interest rates on their FDs compared to others.