Ditch the Banks! These 6 NBFCs Are Offering Up to 9.10% Interest on FDs — Is Now the Best Time to Invest?

If you're planning to invest in Fixed Deposits (FDs), now might be the perfect time to consider NBFCs (Non-Banking Financial Companies). With interest rates as high as 9.10%, some NBFCs are offering far better returns than traditional banks, making them an attractive option for savvy investors.

While banks are known for their safety, NBFCs can be equally dependable if chosen wisely, especially those with high credit ratings. Let's take a closer look at six top-performing NBFCs currently offering the most competitive FD interest rates in 2025.

🔝 Top 6 NBFCs Offering the Highest FD Interest Rates

NBFC	Max Interest Rate	FD Tenure (Months)	Notes
Muthoot Capital	9.10%	36	8.70% for 24 months, 8.90% for 48–60 months
Shriram Finance	8.90%	36, 50, 60	Women get +0.10%, senior citizens get +0.50%
Sundaram Finance	8.00%	24, 36	Senior citizens get 8%, general public 7.5%
Bajaj Finserv	7.30%	12–60	6.95% for general, 7.30% for senior citizens
ICICI Home Finance	7.65%	39, 45	Minimum deposit: ₹10,000 (annual plan)
PNB Housing Finance	7.50%	60	Competitive long-term interest rate

📌 Detailed Breakdown of Each NBFC

✅ 1. Muthoot Capital

• Interest Rate: Up to 9.10% for 36 months

• Offers 7.90% for 12 months and 8.70% for 24 months

• Flexible options for longer tenures with up to 8.90% for 48–60 months

• Among the highest FD rates in the market

✅ 2. Shriram Finance

• Base rate up to 8.40%, going up to 9.00% for women and senior citizens

• Tailored plans for 36, 50, and 60 months

• A well-established NBFC with strong customer trust

✅ 3. Sundaram Finance

• Senior citizens earn up to 8% on 24–36 month FDs

• General investors get 7.20–7.50% depending on the tenure

• Minimum investment: ₹10,000

• Trusted brand with a conservative investment profile

✅ 4. Bajaj Finserv

• Popular NBFC offering up to 7.30% for senior citizens

• General public earns 6.95%

• FD tenure ranges from 12 to 60 months

• Minimum investment required: ₹15,000

✅ 5. ICICI Home Finance

• Offers 7.65% interest for 39 and 45-month tenures

• Withdrawal allowed after 3 months (with nominal fees)

• Different minimum deposits: ₹10,000 (yearly), ₹20,000 (quarterly), ₹40,000 (monthly)

✅ 6. PNB Housing Finance

• Offers 7.50% for 60-month deposits

• Backed by a reputable name and attractive long-term gains

• Ideal for investors looking for stability and higher returns

💡 Why Choose NBFCs for FD Investments?

✅ Higher Returns: Compared to banks, NBFCs are currently offering 1% to 2% more interest, especially on medium- to long-term FDs.
✅ Customizable Tenure: Flexible FD durations from 12 to 60 months.
✅ Additional Perks: Senior citizens and women often receive extra interest bonuses.

⚠️ Caution: NBFCs don’t offer the same deposit insurance as banks. So, always check the credit rating (CRISIL, ICRA, CARE) of the NBFC before investing. Opt for AAA-rated NBFCs for greater safety.

🕒 Is This the Right Time to Invest?

Absolutely! The RBI has reduced the repo rate for the third time this year, prompting speculation of possible rate cuts ahead. This could lead to falling FD rates in the coming months. Locking in higher interest rates now ensures better returns over the chosen tenure.

📝 Final Thoughts

If you're seeking high fixed returns and can handle slightly higher risk than bank FDs, these NBFC FDs are worth considering. With rates soaring up to 9.10%, it's the best opportunity in 2025 to diversify your fixed-income portfolio.

Just remember to:

• Assess your financial goals

• Check for NBFC credibility and credit rating

• Match FD tenure with your liquidity needs