Fds electric what does that mean

Top 10 Corporate FDs With Good Returns Up To 8.35%

1. Shriram Transport Finance FD

Shriram Transport Finance FD is rated "FAAA / Stable" by CRISIL and "MAA + / with stable outlook" by ICRA. "The deposit period varies from 12 to 60 months, and the available annual interest rates on deposits for the general public vary from 7.01 percent to 7.95 percent for the same period. Senior citizens on the other hand are eligible to get an additional rate of 0.40% per annum. These rates are applicable on deposits of below Rs 5 Cr and are in force from 1st April 2021.

Period in monthsRegular FD RatesSenior Citizen FD Rates
127.01%7.41%
157.25%7.65%
247.25%7.65%
307.72%8.12%
367.72%8.12%
457.81%8.21%
487.81%8.21%
607.95%8.35%
Source: Shriram Transport Finance Co. Ltd.

2. Shriram City Union Finance FD

Shriram City's term deposit has an ICRA rating of "MAA + / with Stable Outlook," with investment terms ranging from 12 to 60 months. Shriram City has an interest rate range of 7.01 percent to 7.95 percent, with a 0.40 percent additional rate for senior citizens. These rates are applicable on deposits of less than Rs 5 Cr and are effective from 1st April 2021.

Period in monthsRegular FD RatesSenior Citizen FD Rates
127.01%7.41%
157.25%7.65%
247.25%7.65%
307.72%8.12%
367.72%8.12%
457.81%8.21%
487.81%8.21%
607.95%8.35%
Source: Shriram City Union Finance Co. Ltd.

3. Bajaj Finance FD

CRISIL's FAAA / Stable Rating and ICRA's MAAA (stable) Rating bring Bajaj Finance fixed deposits the best stability score. Bajaj Finance accepts deposits with terms ranging from 12 to 60 months. Bajaj Finance Fixed Deposits deliver a decent interest rate of up to 7.00 percent, with senior citizens receiving a higher rate of 7.25 percent. These rates are in force from 1 February 2021.

Tenure in monthsRegular FD RatesSenior Citizen FD Rates
12 - 235.98% to 6.15%6.22% to 6.40%
24 - 356.41% to 6.60%6.64% to 6.85%
36 - 606.79% to 7.00%7.02% to 7.25%
Source: Bajaj Finance Ltd.

4. KTDFC Fixed Deposit

The Government of Kerala completely guarantees KTDFC's fixed deposits along with interest rate. KTDFC FDs have terms ranging from one to five years, with interest rates ranging from 6% to 5.75 percent for the general public and 6.25 percent to 6% for senior citizens. These rates are in force from January 1, 2021.

TenureRegular FD RatesSenior Citizen FD Rates
1 year6.00%6.25%
2 years6.00%6.25%
3 years6.00%6.25%
4 years5.75%6.00%
5 years5.75%6.00%
Source: Kerala Transport Development Finance Corporation Ltd.

5. PNB Housing Finance FD

CRISIL has given PNB Housing's fixed deposits the FAA + / Negative rating and CARE has given it the AA / Stable rating, indicating a sense of capital security. This firm now offers an interest rate ranging from 5.9% to 6.7 percent to the general public, with senior citizens (over 60 years) receiving an additional 0.25 percent rate of interest. This rate change is effective from November 28, 2020.

Tenure in monthsRegular FD RatesSenior Citizen FD Rates
12 - 235.90%6.15%
24 - 356.15%6.40%
36 - 476.60%6.85%
48 - 596.60%6.85%
60 -716.70%6.95%
72 - 846.70%6.95%
1206.70%6.95%
Source: PNB Housing Finance Ltd.

6. Sundaram Home Finance FD

Sundaram Home Finance has an ICRA rating of MAAA and a CRISIL rating of FAAA, signaling a high degree of deposit safety. This company's fixed deposit scheme has a term spanning from 12 to 60 months, at an interest rate of 5.75 percent to 6.25 percent. These rates are effective from September 1st, 2020.

Tenure in monthsRegular FD RatesSenior Citizen FD Rates
125.75%6.25%
246.00%6.50%
366.25%6.75%
486.25%6.75%
606.25%6.75%
Source: Sundaram Home Finance

7. Mahindra Finance FD

Fixed Deposits from Mahindra Finance have a CRISIL FAAA rating, which means you'll get a decent return against your deposit along with an add-on benefit of capital safety. The company is now offering an interest rate of 5.7 percent to 6.45 percent on FDs maturing in 12 months to 60 months, as well as an additional rate of 0.25 percent for senior citizens across all tenors. These rates are in force from 24 August 2020.

Tenure in monthsRegular FD RatesSenior Citizen FD Rates
125.70%5.95%
246.20%6.45%
366.30%6.55%
486.45%6.70%
606.45%6.70%
Source: Mahindra Finance Ltd.