Corporate FDs Offer Up to 9.20% Returns: Top 10 Schemes Revealed

• Corporate Fixed Deposits (FDs) from NBFCs and HFCs offer significantly higher interest rates, up to 9.20%, compared to bank FDs.
• Higher returns come with credit risk, which can be assessed by checking credit ratings from agencies like CRISIL, ICRA, and CARE.
• Top corporate FDs include Muthoot Capital Services (8.95%), Manipal Housing Finance (8.25%), and Shriram Finance (7.60%) for a 3-year tenure.
• Senior citizens often receive an additional interest rate ranging from 0.10% to 0.50% on these corporate FDs.
• Investors should compare rates, tenure, and credit ratings, avoid premature closure, and diversify investments for optimal returns and safety.

Why It Matters: Corporate FDs provide higher returns than bank FDs but require careful assessment of credit risk and ratings.