Top 10 NBFC in India | What is NBFC – Non-Banking Financial Companies
An organization that is registered under the Companies Act, 1956 that engages in lending, hire-purchase, leasing, insurance, accepting deposits, chit funds, stock and share acquisition, and other related activities is known as a Non-Banking Financial Corporation (NBFC).
Both the Reserve Bank of India and the Ministry of Corporate Affairs regulate the operations of the NBFCs.
In Short:
Top 10 NBFC in India | What is NBFC – Non-Banking Financial Companies
Why to Choose NBFC
What is the Highest Fixed Deposit Rates in 2024?
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- HDFC Ltd.
- ICICI Home Finance
- LIC Housing Ltd.
- PNB Housing Finance Ltd.
- Mahindra Finance
- Bajaj Finance Ltd.
- Muthoot Capital Services Limited
- Manipal Housing Finance Syndicate Ltd.
- Shriram Finance Ltd.
- Sundaram Finance
Also Read: Immediate MSME Loan & Subsidy : Government’s top 7 schemes
Why to Choose NBFC ?
In India, fixed deposits are a popular savings option due to their high returns. Banks and NBFCs offer competitive rates for FDs, with NBFCs being private firms offering various financial services. They are attractive for investors seeking FDI opportunities. However, it is essential to research NBFCs thoroughly for reliability and safety before investing in FDs. This can be done by analyzing their services and interest by going through Top 10 NBFC in India ; Offering the Highest Fixed Deposit Rates in 2024
Top 10 NBFC in India; What is the Highest Fixed Deposit Rates in 2024?
1. HDFC Ltd. | https://www.hdfc.com
HDFC Ltd, a leading mortgage financing provider in India, is known for its popular fixed deposit plans offering attractive interest rates. Their stability, flexibility, and superior customer service make them a preferred choice for investors seeking a straightforward savings option with significant returns. Invest in HDFC Ltd’s FDs for security and consistent returns, prioritizing openness and simplicity.
Interest Rate for 1 Year: 7.10%
Interest Rate for 3 Year: 7.40%
Interest Rate for 5 Years: 7.40%
Tenure Range: 12 months to 120 months
2. ICICI Home Finance | https://www.icicihfc.com
India’s top private-sector bank is ICICI Home Finance, a division of ICICI Bank. They provide safe investment solutions with competitive interest rates and adjustable tenure options. They meet the needs of the industry and the individual with their high produces and simple withdrawal choices. Fixed Deposits can be opened at any ICICI bank location or online with ICICI HFC.
Interest Rate for 1 Year: 7.00%
Interest Rate for 3 Year: 7.40%
Interest Rate for 5 Years: 7.50%
Tenure Range: 12 months to 120 months
3. LIC Housing Ltd. | https://www.lichousing.com
LIC Housing Finance offers FDs that are attractive and safe, meeting a variety of demands and preferences. The company’s reputation, stability, customer-focused attitude, attractive interest rates, and efficient investment procedure all work to the advantage of investors.
Interest Rate for 1 Year: 7.25%
Interest Rate for 3 Years: 7.75%
Interest Rate for 5 Year: 7.75%
Tenure Range: 12 months to 60 months
4. PNB Housing Finance Ltd. | https://www.pnbhousing.com
In India, PNB Housing Finance Limited is a division of Punjab National Bank and known as renowned home financing provider. PNB Housing Finance offers fixed deposit programs, which enable to provide money to individuals and businesses for homes. One can open a fixed deposit with PNB if they’re interested in competitive interest rates.
Interest Rate for 1 Year: 7.35%
Interest Rate for 3 Years: 7.70%
Interest Rate for 5 Years: 7.50%
Tenure Range: 12 months to 120 months
5. Mahindra Finance | https://www.mahindrafinance.com
Reputable non-banking financial company Mahindra Finance is a branch of the Mahindra Group. Company is well-known for providing high returns of fixed deposits with minimal paperwork needs. They provide various tenure choices, reasonable interest rates and secure and attractive investment prospects. Mahindra Finance prioritizes ethical business methods, customer happiness, and transparency, which makes it a great option for investors seeking peace of mind and consistent profits.
Interest Rate for 1 Year: 7.40%
Interest Rate for 3 Years: 7.70%
Interest Rate for 5 Years: 7.75%
Tenure Range: 12 months to 60 months
6. Bajaj Finance Ltd. | https://www.bajajgroup.company
One well-known NBFC in India is Bajaj Finance Ltd. They provide a number of competitively rated fixed deposit plans. A popular choice for investors is Bajaj Finance Ltd. It is thought that they provide investors the best level of credibility and safety. Their particular tenure of 18, 22, 33, 42, and 44 months gives consumer a variety of available alternatives. Their higher prices also come with a number of perks. With the longest tenure, they provide greater interest rates. The company’s strong customer-focused strategy, easy online investing process, and sturdy infrastructure are all advantageous to investors. Stable returns and a hassle-free experience are basically offered by Bajaj Finance Ltd.
Interest Rate for 1 Year: 7.40%
Interest Rate for 3 Year: 7.65%
Interest Rate for 5 Years: 7.65%
Tenure Range: 12 months to 60 months
7. Muthoot Capital Services Limited | https://www.muthootcap.com
Muthoot Capital Services Limited, a prominent NBFC under the Muthoot Pappachan Group, is known for its customer-centric approach, reliability, and trustworthiness. It offers fixed deposits with various term options and good returns for investors.
Interest Rate for 1 Year: 6.25%
Interest Rate for 3 Year: 6.75%
Interest Rate for 5 Years: 7.25%
Tenure Range: 12 months to 60 months
8. Manipal Housing Finance Syndicate Ltd. | https://manipalhousing.com
One of the famous non-banking financial companies (NBFC) that offers Indians appealing Fixed Deposits is Manipal Housing Finance Syndicate Ltd. They supply a wide range of interesting fixed deposits. Manipal home Finance Syndicate Ltd. is a home finance along with other services company that offers safe and sound investments to help customers grow their savings. Competitive interest rates and a variety of tenure choices are offered by Manipal Housing Finance Syndicate Ltd. It offers a higher return on investment based on their risk tolerance and financial objectives.
Interest Rate for 1 Year: 7.75%
Interest Rate for 3 Years: 7.75%
Interest Rate for 5 Years: 7.25%
Tenure Range: 12 months to 60 months
9. Shriram Finance Ltd. | https://www.shriramfinance.in
Shriram Capital Ltd. subsidiary, Shriram Transport Finance Company Limited, offers competitive fixed deposit plans in India. The NBFC’s superior risk management, regulatory compliance, and financial success benefit investors with consistent profits and security.
Interest Rate for 1 Year: 7.34%
Interest Rate for 3 Years: 7.95%
Interest Rate for 5 Years: 8.18%
Tenure Range: 12 months to 60 months
10. Sundaram Finance | https://www.sundaramfinance.in
A division of the Sundaram Finance Group is Sundaram Finance Limited. They also give investors a variety of fixed deposit (FD) plans. financing Limited offers safe and profitable fixed-rate alternatives as well for people who want to increase their savings.
Interest Rate for 1 Year: 7.45%
Interest Rate for 3 Years: 7.75%
Interest Rate for 5 Years: 7.75%
Tenure Range: 12 months to 36 months
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