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Corporate FDs gain popularity on higher rate of returns >> SUBSCRIBE FREE TRIALS >>
The likes of Bajaj Capital, LIC Housing Finance, DHFC and Shriram Transport are suddenly finding it easier to raise resources these days. Corporate fixed deposits, which were losing sheen, are making a comeback with investors getting lured by the higher returns these deposits offer compared to regular bank deposits. Select top-rated housing finance and non-banking entities, including HDFC and Mahindra Finance, are offering interest rates in the range of 7.25-8.25% across one-to-five-year maturities. In contrast, the country's largest lender, the State Bank of India, offers around 6.5-7.4% for retail term deposits across the same maturities.