Best Fixed Deposit Interest Rates - Fusion - WeRIndia

Fixed deposits are a very common financial instrument. Here are some great fixed deposits to invest in for the month of August. They offer high interest rates.

Dewan Housing

The fixed deposits of Dewan Housing has a lot of interest rate. They can be as high as 9 per cent. These fixed deposits have been rated as AAA by both CARE and BWR. The AAA rating means that they are considered safe investments.

Bajaj Finance

If you go for a cumulative fixed deposit at Bajaj Finance, you will get an interest rate of 8.65 per cent on a tenure of 18 months to 60 months. Compared to the interest rate of 7.50 per cent by banks, this is relatively high. These deposits are also AAA rated which makes them highly secure. Senior citizens also get an extra 0.25 per cent.

Mahindra Finance

The fixed deposits of Mahindra Finance offer a good interest rate of 8.45 per cent for most tenures. These deposits are also AAA rated making them highly secure. An extra 0.25 per cent interest is offered to senior citizens. The interest rate can be as high as 10 percent if you invest across 60 months because of compounding of interest rate. A deposit of Rs 5000 becomes Rs 7501 in 5 years.

HDFC Deposits

HDFC deposits offer an interest rate of 8.30 per cent on a 22 month tenure. This rate is slightly higher than other banks. The deposit is also an AAA rated deposit.

LIC Housing Finance

The cumulative deposit scheme can fetch you an interest rate of 8.25 per cent, across all tenures except 5 years. For 5 year tenure, the interest rate is 8.35 per cent. Senior Citizens get an extra 0.25 per cent on these deposits.

PNB Housing

PNB Housing Finance gives you an interest rate of up to 8.25 per cent with tenure of 48 to 84 months. For 10 year deposits, it can go as high as 11.79 per cent.

Image Credit: OpenClipart-Vectors (Free for commercial use) 

Image Reference: https://pixabay.com/fr/vectors/taux-d-int%C3%A9r%C3%AAt-int%C3%A9r%C3%AAt-pourcentage-149879/