8 Top Rated FD Schemes to invest in 2020 – Yield up to 11%

Top Rated Fixed Deposit Schemes to invest in 2020Top Rated FD Schemes to invest in 2020


Banks are reducing interest rates on fixed deposit schemes quarter on quarter. On the other hand, NBFC companies are defaulting the repayment of investors’ money on the fixed deposit schemes. One of the best ways is investing in top rated company fixed deposit schemes in India. While there are several companies that are issuing fixed deposit schemes only few are top rated FD schemes. In this article we would provide some of the Best and Top Rated Fixed Deposit Schemes to invest in 2020 that can provide yield up to 11%.

Also Read: Which Bank offering highest FD Rates in India?

List of Top Rated FD Schemes to invest in in 2020


Here are the list of top rated fixed deposit schemes to invest in India.

1) Shriram Transport Finance FD Scheme.

2) Bajaj Finance FD Scheme.

3) Mahindra and Mahindra Finance FD Scheme.

4) PNB Housing Finance FD Scheme.

5) ICICI Home Finance FD Scheme.

6) LIC Housing Finance FD Scheme.

7) HDFC FD Scheme.

8) KTDFC FD Scheme.

Top Rated FD Schemes to invest in in 2020 – Yield up to 11%


Now let us check these fixed deposit schemes in detail.

1) Shriram Transport Finance FD Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as FAAA/Stable by CRISIL which indicates a high degree of safety and  MAA+/Stable outlook by ICRA which indicates high credit quality.

Fixed deposit is offered for 1 year to 5 years tenure.

In non cumulative deposit, one can opt for monthly interest, quarterly interest, half yearly interest and yearly interest.

Minimum amount of FD is Rs 5,000.

Interest rates are offered up to 8.75% per annum.

Effective yield is up to 10.42% for 5 years tenure FD scheme.

Senior Citizens would get 0.25% extra interest rates on the deposits.

An additional interest of 0.15% is paid to company employees and their relatives.

Here are the Interest rates of this FD Scheme:

Shriram Transport Finance Fixed Deposit Scheme Interest Rates 2020

2) Bajaj Finance Fixed Deposit Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as FAAA by CRISIL which indicates a high degree of safety and  MAAA by ICRA which indicates high credit quality.

Fixed deposit is offered for 1 year to 5 years tenure.

In non cumulative deposit, one can opt for monthly interest, quarterly interest, half yearly interest and yearly interest.

Minimum amount of FD is Rs 25,000.

Interest rates are up to 8.1% per annum.

Effective yield is up to 8.35% for 5 years tenure FD scheme.

Senior Citizens would get 0.25% extra interest rates on the deposits.

An additional interest of 0.1% is paid to employees of the company.

Here are the Interest rates of this FD Scheme:

Bajaj Finance Fixed Deposit Scheme Interest Rates 2020

Also Read: Top 10 Mutual Funds to create wealth in long term

3) Mahindra and Mahindra Finance Samrudhi FD Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as FAAA  by CRISIL which indicates a high degree of safety.

Fixed deposit is offered for 1 year to 5 years tenure.

In non cumulative deposit, one can opt for monthly interest, quarterly interest, half yearly interest and yearly interest.

Minimum amount of FD is Rs 25,000.

Interest rates are up to 8.1% per annum.

Effective yield is up to 9.52% for 5 years tenure FD scheme.

Senior Citizens would get 0.25% extra interest rates on the deposits.

An additional interest of 0.1% is paid to employees of the company.

Here are the Interest rates of this FD Scheme:

Related Posts
9.5% Muthoottu Mini Financiers NCD Bonds Nov-2020 issue  – Should you invest?

4) PNB Housing Finance FD Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as FAAA/Negative  by CRISIL.

Fixed deposit is offered for 1 year to 10 years tenure.

In non cumulative deposit, one can opt for monthly interest, quarterly interest, half yearly interest and yearly interest.

Minimum amount of FD is Rs 25,000.

Interest rates are up to 7.95% per annum.

Effective yield is up to 11.09% for 10 years tenure FD scheme.

Senior Citizens would get 0.25% extra interest rates on the deposits.

Here are the Interest rates of this FD Scheme:

PNB Housing Finance Fixed Deposit Scheme Interest Rates 2020

5) ICICI Home Finance FD Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as FAAA/Negative  by CRISIL.

Fixed deposit is offered for 25 months to 84 month tenure.

In non cumulative deposit, one can opt for monthly interest, quarterly interest, and yearly interest.

Minimum amount of FD is Rs 25,000.

Interest rates are up to 7.9% per annum.

Effective yield is up to 10.04% for 10 years tenure FD scheme.

Senior Citizens and ICICI group employees would get 0.25% extra interest rates on the deposits.

Here are the Interest rates on this FD Scheme:

ICICI Home Finance Fixed Deposit Scheme Interest Rates 2020

6) LIC Housing Finance FD Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as FAAA/Stable by CRISIL.

Fixed deposit is offered for 1 year to 5 years tenure.

In non cumulative deposit, one can opt for monthly interest and yearly interest.

Minimum amount of FD is Rs 10,000.

Interest rates are up to 7.6% per annum.

Senior Citizens would get 0.25% extra interest rates on the deposits.

Here are the Interest rates of this FD Scheme:

Also Read: You can earn upto 15% per annum through P2P Lending – How does it work?

7) HDFC – FD Scheme


It offers cumulative and non cumulative fixed deposit schemes.

This company FD is rated as AAA by CRISIL and ICRA

Fixed deposit is offered for 1 year to 5 years tenure.

In non cumulative deposit, one can opt for monthly interest, quarterly interest, half yearly interest and yearly interest.

Minimum amount of FD is Rs 20,000.

Interest rates are up to 7.5% per annum.

Senior Citizens would get 0.25% extra interest rates on the deposits.

You can refer detailed interest rates at this link.

8) KTDFC FD Scheme


It offers cumulative fixed deposit schemes.

This company FD is guaranteed by the Government of Kerala.

Fixed deposit is offered for 1 year to 5 years tenure.

Minimum amount of FD is Rs 10,000.

Interest rates are up to 7.5% per annum.

Senior Citizens would get 0.25% extra interest rates on the deposits.

Here are the Interest rates of this FD Scheme:

If you enjoyed this article, share it with your friends and colleagues through Facebook and Twitter.

Suresh KP

Top Rated Fixed Deposit Schemes in 2020

Suresh KP

5 comments

Leave a Reply

Your email address will not be published. Required fields are marked *