Archive · 14 Nov 2025
NBFCs Offer Up to 7% Interest on Fixed Deposits, Check Rates
Imagine you want to save money for a rainy day.
Some special companies, called NBFCs in India, let you put your money with them for a set time, like a year or five years.
In return, they pay you a little extra money called interest.
These NBFCs are offering to pay you interest rates as high as 7.35% for regular people and even more for older people who are seniors.
This is good because the more interest you get, the more your savings grow over time.
Companies like LIC, Bajaj Finance, PNB, Sundaram, and Shriram Finance are all competing to give you the best rates.
It's like a competition to see who can help your money grow the fastest!
Several NBFCs in India are offering fixed deposit interest rates ranging up to 7.35% per annum.
Interest rates vary depending on the deposit tenor, with longer terms often offering higher rates.
Senior citizens receive an additional benefit of 25 to 50 basis points on top of the general interest rates.
PNB Housing Finance and Sundaram Home Finance offer rates reaching up to 7.15% and 7.10% respectively.
Shriram Finance offers the highest general interest rate at 7.35% for longer tenors, and senior citizens can earn up to 7.85%.
- Who
- Non-Banking Financial Companies (NBFCs) in India
- What
- Offering fixed deposits with interest rates up to 7.35% for general citizens and higher for senior citizens.
- When
- Currently, with rates varying based on deposit tenor.
- Where
- India
- Why
- To attract depositors by offering competitive interest rates on fixed deposits.
- Highest General Interest Rate
- 7.35% (Shriram Finance)
- Highest Senior Citizen Rate
- 7.85% (Shriram Finance)
- NBFCs Mentioned
- LIC Housing Finance, Bajaj Finance, PNB Housing Finance, Sundaram Home Finance, Shriram Finance
- Typical Tenor Range
- 12 to 60 months
- Senior Citizen Benefit
- Extra 25 to 50 basis points