KTDFC

The state-owned KTDFC offers an interest rate of 8.50 per cent on its 1, 2 and 3-year deposits. This is very good considering the safety of the instrument, as KTDFC is a government of Kerala owned entity. Company FDs are unsecured deposits and hence carry an element of risk. However, here the deposits are guaranteed by the government of Kerala. You may have to approach the company directly to open a deposit, as some of the brokers do not accept deposits of KTDFC. A great short and medium term option for investors.

Jana Small Finance Bank

Jana Small Finance Bank offers an interest rate of 9 per cent on its 3-year deposit. Senior Citizens are entitled to an interest rate of 9.6 per cent. This is an excellent interest rate considering that yields can jump to 10.20 per cent over the period of the tenure.

Small finance banks are governed by the Reserve Bank of India and hence the deposits are relatively safe. Investors can look at locking money in a long term tenure, as interest rates in the economy may continue to decline in the medium to short term.

Mahindra Finance

Mahinda Finance offers an interest rate of 9per cent on its fixed deposits and this is probably among the best for a medium-term duration and also safe since they are AAA rated.

The above interest rates are only for online investors, who opt for either 33 months or 36-month deposits.

Remember you need to pay a TDS if your interest income crosses Rs 5000. You can also apply online for these deposits, but they are not available with a tenure of 1 year, but, begins from 15-months. A good medium-term investment bet on Fds.

Bajaj Finance

Bajaj Finance offers an interest rate of 8.75 per cent on its 36 to 60-month deposit. This is a AAA rated deposits and hence they can be considered as relatively safe.

For a select set of investors, the interest rates may be as high as 9.10 per cent. Lock the money in slightly longer tenures. The minimum amount of deposit is Rs 25,000. There are also special tenures for these deposits, which Bajaj Finance offers. These deposits can be purchased through several popular FD brokers.

Ujjivan Small Finance Bank

Like Jana Small Finance Bank, Ujjivan Small Finance Bank is also a small finance bank. These banks tend to cater to small and medium enterprises largely, though not completely. Ujjivan Small Finance Bank offers an interest rate of 8.60 per cent on its fixed deposits of 799 days. This is again decent and around the same interest rates that most others mentioned above offer

Lock money in these FDS for the longer to more medium term.