Dewan Housing

Dewan Housing offers an interest rate of up to 9 per cent . CARE and BWR have both rated the fixed deposits as AAA, which means they could be considered as safe.

An interest rate of 8.90 per cent is payable on these deposits for a tenure of 40 months. Below that you receive an interest rate of 8.75 per cent. Fixed deposits above Rs 50 lakhs attract an interest rate of up to 9 per cent.

Bajaj Finance

A cumulative fixed deposit at Bajaj Finance offers an interest rate of 8.65 per cent on a tenure of 18 months to 60 months. Banks at best are offering an interest rate of 7.50 per cent.

The deposits are AAA rated and highly secure given that they come from the Bajaj Finance stable. Senior citizens are entitled to an extra 0.25 per cent, taking the yields to almost 9 per cent.

Mahindra Finance

Mahindra Finance offers an interest rate of 8.45 per cent across most of its tenures. The deposits are AAA rated and hence highly secure. Senior citizens are offered an extra 0.25 per cent.

If you invest across 60 months, your yield can be as high as 10 per cent, given compounding of interest rate. A deposit of Rs 5000 becomes Rs 7501 in 5 years.

HDFC Deposits

HDFC deposits offer an interest rate of 8.30 per cent on a 22 month deposit. A 44 month deposit also fetches an interest rate 8.30 per cent.

This is slightly higher than banks and is a AAA rated deposit. Under the quarterly interest rate plan you get an interest rate of 8.05 per cent for a similar tenure.

LIC Housing Finance

Under the cumulative deposit scheme, you get an interest rate of 8.25 per cent, across all tenures, except 5 years, where the interest rate is 8.35 per cent. Senior Citizens are entitled to an extra 0.25 per cent on these deposits.

PNB Housing

PNB Housing Finance offers an interest rate of upto 8.25 per cent on deposits ranging from 48 to 84 months. The yields can go as high as 11.79 per cent on a 10-year deposit. These are highly safe deposits, given that the bank is a subsidiary of Punjab National Bank.

Gruh Finance

A 36 month deposit at Gruh Finance fetches you an interest rate of 8 per cent. While this may not be the best interest rate around, it is still higher than what most banks in the country are offering.