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Which are the Reliable Lenders Offering Higher Interest Rates on FD Account?

Fixed Deposit is one of the best alternatives to save and multiply your investment as a fixed rate of interest is paid on the FD amount for a specified tenor. FD interest rates are not affected by market instability and associated risks. As per your choice and requirements, you may deposit your investment in Cumulative FD or Non-cumulative FD.

You can compute the interest and the maturity amount with the assistance of an online FD Calculator. With such guaranteed interest rates, investing in FD provides you a uniform flow of income, protecting and amplifying your wealth.

Reliable Lender Offering Better Interest Rates

FD interest rates provided by various sources depend on the FD amount and tenor chosen. NBFCs (Non-Banking Financial Companies) have a higher fd rate of interest than the rest, assuring risk-free investment. Below are a few factors to consider while selecting the lender which offers better interest rates:

Credibility 

Before investing in any financial institution, you need to assess which lender offers higher safety in terms of getting high-interest rates and principal amount at the time of maturity with less risk involved. ICRA does unbiased credit rating which helps you choose the best lender having higher security ratings and interest rates.

Bajaj Finance Fixed Deposits are rated MAAA (highest credit quality) by ICRA and FAAA by CRISIL. So, you earn a constant FD interest rate with low risk and several benefits.

Assured Returns

Fixed Deposit is determined to be a Smart Investment decision as you get assured FD interest rate on the principal amount for a fixed tenor. Thereby, you get a consistent flow of income at regular intervals. You can choose secure investment options to avail guaranteed returns without the risk of losing your invested money.

Also, NBFCs with high credit rating offers assured investment returns. You can calculate interest rates and the final amount generated on maturity through an online FD calculator.

Higher Rate of Interest 

You need to analyze different return generating investment options available which may get affected by the market fluctuations and linked risks. After investigating, you may decide by calculating which lender offers you the maximum rate of interest.

By investing in Bajaj Finance FD, you can get an interest rate as high as 9.10% with certain benefits. And senior citizens get an additional 0.35% rate of interest along with the usual FD interest rate.

Low Risk

The credibility of the FDs of NBFCs helps you ascertain the intensity of risk involved. After knowing your risk appetite, you may select the best alternative which gets you maximum interest rate with lesser risk.

Bajaj Finance is considered to be one of the trustworthy sources where you get high and periodic FD interest rates. 

Choice of Interest Payout

By investing in FD, you can avail of a fixed rate of interest on a monthly, quarterly, half-yearly, or yearly basis. By investing in Bajaj Finance cumulative FD, interest is calculated yearly and is paid along with the amount invested at the end of the tenor.

Whereas in non-cumulative FD, the interest is paid periodically at the chosen interval. With Online FD Interest Calculator, you can calculate these different interest payouts.

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Finding the right lender offering various investment options that give you safe and timely returns requires a lot of scrutinies. You need to check the current interest rates provided by these investment alternatives.

You may analyze your financial health and willingness to take the risk before making the right investment decision-generating higher interest rates.

Investing in FD is one of the safest choices in India availing a stable interest rate on the amount deposited. The selection of FD tenor is also an important aspect that may vary from one lender to another. You need to take into account your financial requirements and goals before choosing the tenor.

Bajaj Finance FD gives a 0.55% higher interest rate for 24 month tenor than the interest rate on 12 month tenor of a cumulative FD, and for non-cumulative FD, it yields 0.53% higher interest rate for the said tenor.

Bajaj Finance FD is well renowned for being the safest with the accreditation of MAAA by ICRA and FAAA by CRISIL rendering constant and maximum interest rates.