Also, they should consider their risk appetite before investing in corporate deposits. Investors must compare the interest rates and factor in the maturity period to see whether it aligns with their financial goal. Theyshould research the company’s financial health and track record to ensure that the company has a history of meeting its financial obligations. Higher-rated ones are generally considered more stable and trustworthy. Before investing in an NBFC’s FD, it is essential to check the company’s credit rating and financial stability. This is the right time to lock your FDs at the higher rates and reap the benefits,” says Adhil Shetty, CEO, Bankbazaar.Ĭompanies or NBFCs typically offer higher interest rates on FDs due to their higher risk profile compared to banks.
Currently, banks are offering more than 7% while NBFCs are giving more than 8%.
“We have seen how FDs have peaked after consistent hikes in repo rates. Aadhaar-PAN Link Fees: How to pay Rs 1000 and what will happen after June 30, 2023?
