Up to 8.6% interest rate on corporate FDs: 5 highest company FD interest rates for you

The corporate FD interest rates are quite attractive and can offer up to 8.6% for customers. Corporate FDs (issued mostly by NBFCs and housing finance companies) which are rated AAA and AA, are typically considered safe. Do keep in mind there is no deposit insurance available on corporate FDs. In this article, we have discussed which corporate FDs are currently offering the highest interest rates and what are some important things to know about corporate FDs.

Here's the highest corporate fixed deposit interest rates.

Bajaj Finance Limited FD rate

Bajaj Finance is offering an 8.6% interest rate for its FD maturing in 42 months. This corporate fixed deposit has a credit rating of AAA/stable from CRISIL and ICRA.


Highest Interest rate: 8.6%
Rating: CRISIL - AAA/Stable and ICRA - AAA/Stable
Tenure: 42 months

Muthoot Capital Services Limited FD rate

Muthoot Capital Services is offering 8.38% interest for its FD maturing in five years. This FD has got a credit rating of A+/Stable from CRISIL.

Highest Interest rate: 8.38%
Rating: CRISIL - A+/Stable
Tenure: 5 years

Shriram Finance FD rate

Shriram Finance is offering an interest rate of 8.47% on deposits of various tenures. The same interest rate is available for deposits maturing in 50 months and five years. These FDs have a credit rating of AA+/Stable from ICRA and IND AA+/Stable by India Ratings and Research.

Highest Interest rate: 8.47%
Rating: ICRA: AA+/Stable and IND AA+/Stable from India Ratings and Research
Tenure: 50 months/5 years

Manipal Housing Finance Syndicate Limited FD rate

Manipal Housing Finance Syndicate is offering an 8.25% interest rate for its FD maturing in one year. It must be noted that the same interest rate of 8.25% is being offered by the company for its FDs maturing between two years and three years. This FD has a credit rating of ACUITE - ACUITE A.

Highest Interest rate: 8.25%
Rating: ACUITE A.
Tenure: 1/2/3 years

Mahindra Finance FD rate

Mahindra Finance is offering an 8.1% interest rate for its FD maturing in various tenures - three years and five years. These FDs have a credit rating of AAA/Stable from CRISIL and IND AAA/Stable from India Ratings.

Highest Interest rate: 8.1%
Rating: AAA/Stable by CRISIL and IND AAA/Stable from India Ratings.
Tenure: 3/5 years

Table showing the highest corporate fd rates

Name	Interest rate	Tenure
Bajaj Finance	8.60%	42 months
Muthoot Capital Services	8.38%	5 years
Shriram Finance	8.47%	50 months/5 year
Manipal Housing Finance Syndicate	8.25%	1/2/3 years
Mahindra Finance	8.10%	3/5 years

Source: www.paisabazar.com as of June 5, 2024.

"Corporate FDs, as issued by NBFCs and HFCs are regulated by Reserve Bank of India (RBI) and National Housing Bank (NHB) respectively," said State Bank of India (SBI) Securities on its website as of June 8, 2024. According to the SBI securities website, "The deposit scheme of companies is 'AA/AAA' rated from independent rating agencies like CRISIL, ICRA & CARE (reaffirmed over the long period) which indicates credible track record & high to highest degree of safety when it comes to timely repayment of Interest and Principal investment amount."

Disclaimer: Corporate FDs have no insurance from Deposit Insurance and Credit Guarantee Corporation (DICGC) in the event of a default by the company. Make sure to study the financial health of the company and also read the details of ratings given by credit rating agencies.