Check out India's Best Company to Invest in Fixed Deposit Schemes
- 3 Months ago
Written by - Shriram
Do you have a grand event in the coming future, or are you looking forward to growing your investment savings? Read this article and choose the company that offers you the best investment scheme.
A Fixed Deposit (FD) is an investment that assures excellent returns and growth when you know the best company to invest in fixed deposit schemes in India. Besides, you can multiply your wealth and earn returns at maturity.
The challenging part is researching the company and finding suitable fixed deposit schemes for your investment. However, with reputed and reliable Non-Banking Financial Companies (NBFCs) like Shriram, you can invest in one of the best FD schemes in India and get higher returns.
In this article, we have narrowed it down to a company that offers one of the best fixed deposit schemes in India for you to build a strong investment portfolio.
What is a Company Fixed Deposit?A company fixed deposit is a financial investment instrument offered by Financial and Non-Banking Financial Companies to help investors like you grow wealth safety. A company fixed deposit is also known as a corporate fixed deposit. In a corporate fixed deposit, one can invest funds for a tenure between 7 days - 10 years, and the NBFCs determine the interest rate of the FD based on the tenure of your investment.
Most of the NBFCs in India offer the best fixed deposit schemes in India with a higher interest rate compared to banks and other financial institutions. At maturity, NBFCs will credit the principal and accrued interest amount to your registered bank account. NBFCs also allow you to withdraw money before maturity.
A company fixed deposit is rated for safety by rating agencies like Credit Rating Information Services of India Limited (CRISIL), Investment Information and Credit Rating Agency (ICRA), Credit Analysis & Research Ltd (CARE), India Ratings and Research, etc. One of the leading NBFCs, Shriram, is rated “AA+ (Stable) by ICRA” and rated “IND AA+/Stable by India Ratings and Research”, which indicates high credit quality and a higher degree of safety.
Shriram is the Company with one of the Best Fixed Deposit Schemes in IndiaShriram is an NBFC known for offering one of the highest and best interest rates on a fixed deposit in India. They provide a lucrative interest rate of up to 8.90%* per annum, including 0.50%* per annum for senior citizens and 0.10%* for women depositors. With a vast customer base of around 2.12 million investors in India, Shriram offers one of the best fixed deposit plans for investors to grow financially.
FD schemes with Shriram are safe and allow you to choose an investment tenure. Besides, Shriram guarantees assured returns at a higher interest rate than most of its competitors. The cumulative and non-cumulative fixed deposit schemes from Shriram increase your wealth and gives you solid financial support in the future. Unlike banks, the maximum tenure for Shriram Fixed Deposit is five years, for which you get the highest fixed deposit interest rate.
Below are a few benefits that make Shriram one of the best companies to invest in an FD in India.
- Shriram has an exceptional track record of more than 40 years of successful and timely fixed deposit payments.
- Shriram Finance has been rated “AA+ (Stable) by ICRA” and rated “IND AA+/Stable by India Ratings and Research”.
- Shriram Finance is widespread in the country, with 1750+ branches and 830+ rural centres.
- Shriram is one of India’s largest and trusted asset-based NBFC.
Top 7 Reasons to Choose Shriram for Your FD InvestmentAs you are ready to invest in the best FD plan, here are the top seven reasons you should choose Shriram for your fixed deposit investment:
- Rate of Interest – Shriram offers an attractive interest rate of up to 8.90%* per annum for you to build a profitable investment portfolio.
- Flexible Investment Option – Shriram allows you to choose an investment tenure based on convenience. You can start an FD plan for a tenure between 12 months to 60 months.
- Easy Liquidity – Shriram helps you to make a premature withdrawal quick and hassle-free during financial emergencies.
- Safe Investment Option – Shriram Fixed Deposit is rated “AA+ (Stable) by ICRA” and rated “IND AA+/Stable by India Ratings and Research” for safety.
- Stable Interest & Guaranteed Returns – The interest rates offered by Shriram will remain stable and does not change based on market fluctuations. Guaranteed returns give you control over your investment and make future financial planning hassle-free.
- Open to All – Shriram Fixed Deposit is open for all. It is a company fixed deposit for NRIs (Non-resident Indians), NROs (Non-Resident Ordinary) and all Indian citizens.
Make the Best FD Investment Choice with ShriramIf you have a goal to achieve in less than five years, Shriram is one of the best companies to book a company fixed deposit in India. Besides, the fixed deposit schemes of Shriram are the best and provide you with the safety of a fixed-income instrument. As the interest rates of Shriram FD are higher compared to other banks and NBFC competitors, you are assured of getting the best FD returns. So choose Shriram, the best company for investment option and book a fixed deposit now.
FAQsWhich is the best company for FD?
Shriram is one of the best companies in India that offers you a fixed deposit at a lucrative interest rate of up to 8.90%* per annum. Shriram Fixed Deposit helps you build a risk-free and profitable investment portfolio.
Which FD gives the highest returns?
Shriram Fixed Deposit currently offers interest rates of of up to 8.90%* per annum, including a special interest rate of 0.50%* per annum for Senior Citizens and 0.10%* per annum for Women Depositors. This interest rate is considered one of the best and highest rates to get you the highest returns on an FD investment.
Is Shriram Fixed Deposit safe?
Shriram Fixed Deposit is rated “AA+ (Stable) by ICRA” and rated “IND AA+/Stable by India Ratings and Research” for safety. So, your company fixed deposit with Shriram is safe and risk-free.
Where should I invest my money?
Considering the current market situation, investing your money in a company fixed deposit with Shriram is the best choice as it guarantees assured returns and helps you double your investment through compounding.
- A Fixed Deposit (FD) is an investment that assures excellent returns and growth if you know the best company to invest in fixed deposit schemes in India.
- You can multiply your wealth and earn great returns at maturity if you book a company fixed deposit.
- With reputed and reliable Non-Banking Financial Companies (NBFCs) like Shriram, you can invest in one of the best FD schemes in India and simultaneously yield higher returns.
- As the interest rates of Shriram FD are higher compared to many banks and NBFC competitors, you are assured of getting the best FD returns.