NBFCs Offer Higher FD Returns Than Banks: Check Top Rates

• Non-banking financial companies (NBFCs) are offering higher fixed deposit interest rates than traditional banks.
• Some NBFCs provide returns as high as 7-8% for selected tenures, attracting investors.
• Unlike bank FDs, NBFC deposits are not insured by DICGC, which covers up to Rs 5 lakh for bank accounts.
• Bajaj Finance offers up to 6.95% for general public and 7.30% for senior citizens.
• Shriram Finance and Muthoot Finance also provide competitive rates, with Muthoot Finance offering up to 8.60%.