Fixed Deposits

What is A Fixed Deposit?

A Fixed Deposit is an investment instrument offered by reputed non-banking financial companies (NBFC), wherein an investor invests a certain amount of money for a fixed period on which a fixed rate of return is assured. The deposit is linked to the savings bank account of the investor. A Fixed Deposit remains unaffected by market fluctuations.

Investing In Fixed Deposits

Fixed Deposits have been the go-to investment product for Indians for decades. A fixed deposit is also known as a term deposit and is one of the most reliable financial products for investment. The following are the benefits of fixed deposits:

OUR FIXED DEPOSITS & RATES

Bajaj Finance Ltd.

Rates (as on 10-May-2022) - Upto Rs. 5 Cr.
PERIOD OF DEPOSIT MONTHLY QUARTERLY HALF-YEARLY ANNUAL CUMULATIVE INTEREST
12-23 Months 5.60% 5.63% 5.67% 5.75% 5.75%
24-35 Months 6.22% 6.25% 6.30% 6.40% 6.40%
15 Months 5.84% 5.87% 5.91% 6.00% 6.00%
18 Months 5.94% 5.97% 6.01% 6.10% 6.10%
22 Months 6.08% 6.11% 6.16% 6.25% 6.25%
30 Months 6.31% 6.35% 6.40% 6.50% 6.50%
33 Months 6.55% 6.59% 6.64% 6.75% 6.75%
36 Months 6.79% 6.82% 6.88% 7.00% 7.00%

HDFC Ltd.

Rates (as on 02-June-2022) - Upto Rs. 2 Cr.
PERIOD OF DEPOSIT MONTHLY QUARTERLY HALF-YEARLY ANNUAL CUMULATIVE INTEREST
12-23 Months 5.45% 5.50% 5.55% - 5.65%
24-35 Months 5.95% 6.00% 6.05% 6.15% 6.15%
36-59 Months 6.30% 6.35% 6.40% 6.50% 6.50%
60-83 Months 6.50% 6.55% 6.60% 6.70% 6.70%
84-120 Months 6.60% 6.65% 6.70% 6.80% 6.80%
15 Months 5.65% 5.70% 5.75% - 5.85%
18 Months 5.75% 5.80% 5.85% 5.95% 5.95%
22 Months 5.90% 5.95% 6.00% 6.10% 6.10%
30 Months 6.10% 6.15% 6.20% 6.30% 6.30%
33 Months 6.45% 6.50% 6.55% 6.65% 6.65%
44 Months 6.55% 6.60% 6.65% 6.75% 6.75%
66 Months 6.65% 6.70% 6.75% 6.85% 6.85%
77 Months 6.65% 6.70% 6.75% 6.85% 6.85%
99 Months 6.75% 6.80% 6.85% 6.95% 6.95%

Mahindra Finance Ltd.

Mahindra Finance NRO FD Rates (as on 27-May-2022) - Upto Rs. 50 L
PERIOD OF DEPOSIT MONTHLY QUARTERLY HALF-YEARLY ANNUAL CUMULATIVE INTEREST
12 Months 5.20% 5.55% 5.65% 5.75% 5.75%
24 Months 5.80% 6.15% 6.25% 6.35% 6.35%
36 Months 6.20% 6.55% 6.65% 6.75% 6.75%
48 Months 6.30% 6.65% 6.75% 6.85% 6.85%
60 Months 6.45% 6.80% 6.90% 7.00% 7.00%

ICICI Home Finance Ltd.

Rates (as on 30-May-2022) - Upto Rs. 2 Cr.
PERIOD OF DEPOSIT MONTHLY QUARTERLY HALF-YEARLY ANNUAL CUMULATIVE INTEREST
12-24 Months 5.10% 5.15% - 5.25% 5.25%
24-36 Months 5.80% 5.85% - 5.95% 5.95%
36-60 Months 6.40% 6.45% - 6.60% 6.60%
60-84 Months 6.60% 6.65% - 6.80% 6.80%
84-120 Months 6.75% 6.80% - 6.95% 6.95%
39 Months 6.65% 6.70% - 6.85% 6.85%
45 Months 6.75% 6.80% - 6.95% 6.95%
65 Months 6.80% 6.85% - 7.00% 7.00%
Additional rate benefit upto 0.25% p.a. for senior citizens on above fixed deposits.