Did you know that during IPL auctions, team owners pick players with the best strike rate? Yes, it is done because in a T20 match, determining a game.
If a player with the high with the highest interest rate is the most chosen and profitable option in today’s investment market. The interest rates are the most crucial factor determining an FD investment's success Usually, banks do not offer attractive interest rates for a fixed deposit. However, when you book an FD with Non-Banking Financial Companies(NBFCs) like Shriram, you can grow your wealth using one of the highest FD interest rates of up to 9.40%* p.a. , including an additional 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors.
While banks and financial institutions are currently lowering the interest rates on fixed deposit accounts as per the economic conditions, NBFCs like Shriram are increasing the FD interest rates to help investors grow their funds faster. This article will address the importance of interest rates, why you can prefer an FD with higher interest rates, and help you choose the best company to open a fixed deposit in 2022.
Importance of Fixed Deposit Interest Rates
Interest rates in general, are the most significant factor that commonly affects with money. Interest rates of an FD have the power to accelerate or slow down the growth of your wealth deposited in a fixed deposit account. The fixed deposit interest rates can directly influence the return on savings and significantly impact the total money you receive at maturity.
In addition, FD interest rates hold a great value to investors because it allows them to decide their investment amount and tenure according to ever-changing interest rates.
Which FD Offers Higher Fixed Deposit Interest Rate?
Currently, many banks, NBFCs, Post Offices and Financial Institutions allow investors to open a fixed deposit account. But, do you know the most profitable and secure fixed deposit that offers higher FD interest rates? A Corporate/Company Fixed Deposit offers a higher interest rate as they are supervised and regulated by the Department of Non-Why Should You Prefer an FD with More Than 7 percent Interest Rate? Banking Supervision (DNBS)
As RBI does not directly manage an NBFC, the corporates have the leverage to fix their fixed deposit interest rates asper their and customers' requirements. However, a corporate FD interest rate is higher than standard fixed deposit and savings accounts from banks. Although a corporate FD cannot match the interest rate given by mutual funds, it can provide security for funds and guarantee assured returns.
Shriram is one of the top financial services companies that offer corporate fixed deposit accounts recognised for safety by rating agencies like ICRA and India Ratings and Research. These safety ratings help investors book a fixed deposit online without hesitation.
Top Reasons Why You Should Prefer an FD with Higher Interest
Choosing an FD will yield stable returns, but choosing a fixed deposit with a higher interest rate will yield profitable returns. It is hard to find banks that offer FD interest rates of more than 7% per annum. However, an NBFC like Shriram is popular among investors as it provides one of the highest FD interest rates up to 9.40%* p.a. . Here are the top reasons why you should prefer an FD with higher interest rates of more than 7% per annum
Double Your FD Investment
When you choose an FD with higher interest rates you can double your deposit money quickly. If you aim to park your funds long-term you can invest in a standard cumulative FD If you want to grow your funds and add your FD to your investment portfolio, you can select an FD with a higher interest rate.
Earn Big at Maturity
An FD with higher interest rates has the power to help you earn a considerable amount of money at maturity. This
Better Investment Option than Savings Account
Using an FD to park your idle funds in a savings account at a higher interest rate is best. Commonly savings interest rates are less compared to standard fixed deposit accounts. So think how much higher you will be able to earn if you prefer a corporate FD with an interest rate of more than 7% per annum.
Shriram = Safety + Higher Interest Rates
Shriram is one of the largest NBFCs in India that is popular for offering attractive fixed deposit interest rates.Shriram understands the importance of interest rates for investors and has surpassed expectations by offering higher rates for fixed deposits in India. In addition, as the higher interest rates help investors plan their futures, Shriram does not shy away from providing competitive FD interest rates in the market. As Shriram offers a great customer experience, investors can choose the time period of their fixed deposit for which the company will fix a lucrative interest rate. And, if you want to know the exact returns, use the Shriram FD calculator. Shriram offers fixed deposit schemes with a maximum tenure of 5 years
Choose Shriram Invest Today
Shriram offers an additional interest rate of 0.50%* p.a. over the standard interest rate of 8.30% for senior citizens (one of the highest FD rates among other banks and NBFCs).So if you have larger plans for the future, choose a company like Shriram for your FD investment. As the fixed deposit interest rates have increased recently, now is the right time to decide and book a fixed deposit with Shriram.
FAQs
1. Is mutual fund profitable?
Yes, a mutual fund is profitable, considering its higher interest rates. However, the interest rates are prone to market fluctuations. So, choose a company FD to earn big with assured returns and safety. Which is more profitable, an FD or a mutual fund? When you consider the advantages and disadvantages of both FD and mutual fund, you will conclude to choose an investment with lower or zero risk, an FD. Shriram offers interest rates at 9.40%* p.a.
2. What is the safest investment with the highest return?
Shriram Fixed Deposit is one of the safest investment options that offer higher returns for investors. As Shriram is rated “AA+ (Stable) by ICRA” and rated “IND AA+/Stable by India Ratings and Research” for safety you can be assured of earning a considerable amount of profit with high security over your funds.
Key Highlights
A fixed deposit with the highest interest rate is the most chosen and profitable option in today’s investment market. The interest rates are the most crucial factor determining an FD investment's success When you book an FD with NBFCs like Shriram, you can grow your wealth using one of the highest FD interest rates of up to 9.40%* p.a., including an additional 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors. While banks and financial institutions are currently lowering the interest rates on fixed deposit accounts, leading and successful NBFCs like Shriram are increasing the FD interest rates to help investors grow their funds faster and safely.
