Top 5 Corporate Fixed Deposits Rated ‘AAA’ By ICRA & CRISIL
[ad_1]
Read More/Less
Shriram Transport Finance Fixed Deposit
CRISIL graded Shriram Transport Finance Company Fixed Deposit “FAAA/Stable” and ICRA classified it “MAA+/with Stable Outlook,” indicating deposit security and credit strength. This corporation’s fixed deposit interest rates, which are as follows, are in effect for retail deposits less than Rs 5 crore as of April 1, 2021. Note: Additional interest rates of 0.40% p.a. will be paid to senior citizens on their deposits.
| Period in months | Monthly % p.a. | Quarterly % p.a. | Half-yearly % p.a. | Yearly % p.a. |
|---|---|---|---|---|
| 12 | 7.01 | 7.06 | 7.12 | 7.25 |
| 15 | 7.25 | 7.3 | 7.37 | 7.5 |
| 24 | 7.25 | 7.3 | 7.37 | 7.5 |
| 30 | 7.72 | 7.77 | 7.85 | 8 |
| 36 | 7.72 | 7.77 | 7.85 | 8 |
| 45 | 7.81 | 7.87 | 7.94 | 8.1 |
| 48 | 7.81 | 7.87 | 7.94 | 8.1 |
| 60 | 7.95 | 8.01 | 8.09 | 8.25 |
| Source: Shriram Transport Finance Ltd. |
Muthoot Capital Ltd.
CRISIL has granted the firm a score of ‘CRISIL A/Stable,’ which indicates the extent of stability in terms of deposit safety and interest payout. Here are Muthoot Finance’s most current fixed deposit interest rates, which include a 0.25 percent additional interest rate for elderly citizens.
| Period | Monthly Income Scheme | Annual Scheme | Maturity Plan |
|---|---|---|---|
| 1 year | 7.75% | 8.00% | 8.00% |
| 2 year | 7.75% | 8.00% | 8.00% |
| 3 year | 7.75% | 8.00% | 8.00% |
| 4 year | 7.50% | 7.75% | 7.75% |
| 5 year | 7.50% | 7.75% | 7.75% |
| Source: Muthoot Capital Services Ltd. |
Housing and Urban Development Corporation Ltd (HUDCO)
The credit rating of the HUDCO public deposit plan is ‘IND tAAA/Stable’ by India Ratings and Research (IndRa), ‘CARE AAA (FD) ;Stable’ by CARE, and “MAAA (Stable)” by ICRA. In each rate slab, HUDCO fixed deposits give Senior Citizens an additional 0.25 percent interest rate. Here are HUDCO’s most recent fixed deposit rates, effective as of July 10, 2018.
| Period in months | Cumulative | Non- Cumulative Scheme | ||
|---|---|---|---|---|
| Quarterly | Half-yearly | Yearly | ||
| 12 | 7.5 | 7.3 | 7.35 | 7.5 |
| 24 | 7.5 | 7.3 | 7.35 | 7.5 |
| 36 | 7.5 | 7.3 | 7.35 | 7.5 |
| 48 | 7.25 | 7.05 | 7.1 | 7.25 |
| 60 | 7.25 | 7.05 | 7.1 | 7.25 |
| Source: HUDCO |
Bajaj Finserv Ltd.
CRISIL’s FAAA/Stable and ICRA’s MAAA/stable ratings have been given to Bajaj Finance Fixed Deposit. Bajaj Finance is currently providing non-senior citizens interest rates as high as 6.50 percent, and senior citizens receiving an additional 0.25 percent rate benefit. Here are the most recent Bajaj Finance FD rates, which are effective as of May 12, 2021.
| Tenure in Months | Non senior citizens | Senior Citizens |
|---|---|---|
| 12-23 | 5.51% – 5.65% | 5.75% – 5.90% |
| 24-35 | 5.94% – 6.10% | 6.17% – 6.35% |
| 36-60 | 6.31% – 6.50% | 6.55% – 6.75% |
| Source: Bajaj Finance Ltd. |
PNB Housing Finance Ltd.
CRISIL has granted PNB Housing’s fixed deposits the FAA+/Negative rating and CARE has assigned it the AA/Stable rating. For elderly folks, PNB Housing provides a 0.25 percent higher FD interest rate. PNB Housing Finance Ltd.’s most current fixed deposit rates, effective November 28, 2020, are listed below.
| Tenure in months | Cumulative | Non- Cumulative Option | |||
|---|---|---|---|---|---|
| Monthly | Quarterly | Half-yearly | Yearly | ||
| 12 – 23 | 5.90% | 5.74% | 5.77% | 5.81% | 5.90% |
| 24 – 35 | 6.15% | 5.98% | 6.01% | 6.05% | 6.15% |
| 36 – 47 | 6.60% | 6.40% | 6.44% | 6.49% | 6.60% |
| 48 – 59 | 6.60% | 6.40% | 6.44% | 6.49% | 6.60% |
| 60 -71 | 6.70% | 6.50% | 6.53% | 6.59% | 6.70% |
| 72 – 84 | 6.70% | 6.50% | 6.53% | 6.59% | 6.70% |
| 120 | 6.70% | 6.50% | 6.53% | 6.59% | 6.70% |
| Source: https://www.pnbhousing.com/ |
[ad_2]