Exploring the Advantages of Fixed Deposits from NBFCs Over Fixed Deposits from Banks

Author picture

Fixed Deposits (FDs) are a popular investment choice for their stability and predictable returns. While most investors are familiar with bank FDs, fixed deposits offered by Non-Banking Financial Companies (NBFCs) have emerged as a compelling alternative. Several NBFCs today offer fixed deposits with attractive features, like high returns and favourable payout options.

Advantages of NBFC FDs Over Bank FDs

Shriram Finance, a leading name in the NBFC sector in India, offers several ground breaking benefits on its Shriram Unnati Fixed Deposit compared to traditional fixed deposits (FDs) offered by banks. As investors increasingly seek higher returns, better customer service, and flexible terms, Shriram Finance proves how choosing an NBFC for an FD can make for a competitive and reliable investment option for all categories of depositors.

The Growing Popularity of NBFC Fixed Deposits

In recent years, NBFCs have emerged as a popular alternative to traditional banks for investing in fixed deposits. Investors are drawn to NBFCs by the attractive interest rates, flexible tenures, and personalised services that these institutions offer.

Higher Interest Rates for Enhanced Returns: One of the most significant advantages of FDs from NBFCs over banks is the higher interest rates offered. Shriram Unnati Fixed Deposit is known for providing competitive rates in the market, often exceeding those offered by traditional banks. Interest rates on Shriram FD can go as high as 9.40%* p.a. (inclusive of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors). This makes FDs from NBFCs an ideal choice for investors seeking to grow their savings more rapidly.

Tailored Benefits for Senior Citizens and Women Depositors: Many FDs from NBFCs are also known to offer additional benefits to women depositors and senior citizens. Shriram Finance has always placed a strong emphasis on catering to the needs of different customer segments. Senior citizens, for example, can benefit from an additional 0.50%* p.a. on their FD, providing them with a higher return to support their post-retirement financial needs. Women depositors can also enjoy an additional 0.10%* p.a., empowering them to make more informed and profitable investment decisions.

Flexible Tenure Options and Easy Liquidity: NBFCs like Shriram Finance offer a variety of tenure options for their FDs, allowing investors to choose terms that best suit their financial goals. Whether one is looking for a short-term investment or a long-term savings plan, NBFCs often provide the flexibility to select tenures that align with the investors’ financial goals. Shriram Finance ensures that investors have easy access to their funds when needed, offering monthly, quarterly, half-yearly, yearly and on-maturity payout options.

High Credit Ratings: Reputed NBFCs in India are often backed by high credit ratings, ensuring investors stability and predictability in their investments. Shriram Finance is rated “[ICRA]AA+ (Stable)” by ICRA and “IND AA+/Stable” by India Ratings and Research, making its FD a reliable choice in the market.

Conclusion

As the financial landscape continues to evolve, NBFC fixed deposits are increasingly seen as a smart investment option for those looking to achieve higher returns with flexible and stable solutions. Shriram Finance, with its strong legacy and commitment to customer satisfaction, offers a compelling case for why investors should consider FDs like Shriram Unnati Fixed Deposit over traditional bank FDs. By choosing Shriram Finance, investors are not only opting for favourable returns but also aligning with a financial institution that prioritises their unique needs and provides them with the tools to achieve their financial goals.

About Shriram Finance

Shriram Finance is a leading diversified financial services company in India, offering a wide range of financial products and services across consumer, wholesale, and business finance segments. The company has a strong presence pan India with a network of 3,149 branches and an employee strength of 77,764 with an AUM of Rs. 2,430,40 crores. With a focus on financial inclusion and customer-centricity, Shriram Finance continues to empower individuals and businesses to achieve their financial goals.

Disclaimer: With regards to deposit-taking activity of Shriram Finance Limited (‘SFL’), viewers may refer to detailed information and T&C provided in our application form available at www.shriramfinance.in/downloads. The Company is having a valid Certificate of Registration dated 31st January 2023 issued by the Bank under section 45-IA of the RBI Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

Recent Post

Max Financial Services reports 8% growth in consolidated revenue^ in 9M FY25 rising to ₹34,106 crore; Axis Max Life Insurance’s Total APE grew 26%

Rado Unveils the DiaStar Original x Tej Chauhan: A Timeless Symphony of Heritage and Innovation

IDFC FIRST Bank Introduces Exclusive Package Designed for Senior Citizens

N. Ranga Rao & Sons Awarded India’s Best Workplaces in Manufacturing for 2025

Countdown Begins to India’s Most Awaited Tech Awards – Gadgets Now Awards 2024

Signify Onboards Rashmika Mandanna as their Brand Ambassador, Kicks off an Era of Style and Innovation

Expleo to Exhibit at Aero India 2025

A Partnership for Change: ILSS and Koita Foundation Join Efforts to Accelerate Digital Transformation in India’s Social Sector

Anantara Jewel Bagh Jaipur Opens, Offering a Window into Rajasthan’s Royal Heritage

Lava’s #MyBharatWithLava Campaign Concludes, Engages With 4M Social Natives

After Transforming HR with AI, Poonawalla Fincorp Makes a Bold Tech Leap into AI-Driven Audit and Governance with ServiceNow

Shankara Collaborates with Celebrity Stylist Ami Patel to Launch the ‘Maharani Radiance Ritual’ and ‘Indrani Iconic Glow’ Bridal Luxury Gift Sets

India Shelter Reports Strong Q3FY25 Performance with 36 percent YoY AUM Growth and 54 percent Surge in PAT

Galent Hosts ‘Fourthwards’ Roundtable Series

Superior Quality Feed Boosts Animal Performance and Bottom Line

TUMI Highlights Peruvian Influences with Vibrant Energy in Spring 2025 Collections

Immerso and Everdome Partner to Drive Innovation in the Metaverse Through AI-Powered Experiences

Rangsons Aerospace and Oversat to Sign Strategic Partnership at Aero India 2025

Naam Ki Nahi, Kaam Ki Medicine: How Truemeds is Revolutionizing Affordable Healthcare in India

Bollywood Stars Blazed the Track at Dubai Autodrome for ‘DSBK Middle East Championship’

Aqaba to Host the World’s Biggest B2B Congress for Destination Weddings in October 2025

Paving the Way for Innovation: Hunch Circle and Startup Odisha Sign Landmark MoU

Malabar Group Announces Scholarships for Over 3,900 Girl Students, Reinforces its Vision for Women Empowerment

Kody Technolab Limited Forms a Joint Venture in Abu Dhabi with Platinum Group to Manufacture Robotic Solutions

Inflow Technologies Announces Strategic Partnership with Ensurity to Enhance Cyber Security Solutions in India

AKAL Information Systems Ltd. Celebrates 25 Years of Innovation and Excellence

BSNL Launches BiTV for Mobile Users in Partnership with OTTplay

Safex Chemicals Wins Prestigious Innovation Award at PMFAI Annual AgChem Awards 2025

OfBusiness Connectivity Reaches 26 States + 7 UTs in India, Delivering 170,000 Consignments to SMEs in 2024

Tathastu Institute of Civil Services Launches Residential Campus in Greater Noida for UPSC Aspirants with Integrated University Degree Programmes

L&T Finance Ltd. Launches Knowledgeable AI (KAI), an AI-powered Virtual Home Loan Advisor on its New Corporate Website

STBD Realty Group to Host First-Ever Social Media Awards on February 1st

COLORS by Rupa Launches DRY FIT Collection – Wear Your Energy

Mehta Wealth’s State-of-the-Art Investment Tracking Application: Empowering Investors to Track its Funds Real-Time

The Urgent Need to Rethink India’s Education System: A Call for Urgent Reform and Mental Well-being

India’s Trail Running Boom: 3,000 Join Bengaluru Mountain Festival to Escape Urban Chaos

A Lifetime of Achievement: Shri Ram Bahadur Rai of SGT University Receives Padma Bhushan

Unified Voice Communication Conducts Cybersecurity Workshop; Announces Partnership with VTF University, USA

How Bajaj Finserv Large and Mid Cap Fund Leverages Moat Investing for Long-term Growth

Elpro International School Organises SAAHITYA – Pune’s Biggest Literary Festival

Lord’s Mark Industries Stands Out at the World Economic Forum 2025 in Davos

SKF Launches Nationwide Mobile Van Campaign to Empower Two-Wheeler Mechanics

All India Student Ideathon on “Becoming EcoInnovators for a Greener Future” held at Bengaluru

IGF India Brings Mobile Medical Units to Maha Kumbh Mela 2025

Dave & Buster’s all set to Revolutionize Entertainment in India: First Flagship Opens in Bangalore

5 Reasons to Consider Bajaj Finserv Flexi Cap Fund for your Portfolio in 2025

The 2025 Union Budget: A Blueprint for Infrastructure-Driven Growth

Can You Get a Loan Against Your Fixed Deposit

Kirtilals Expands Footprint with a Stunning New Showroom with Exclusive Bridal Studio in Pattom, Thiruvananthapuram

ITALICA Unveils Regal and Crown; Elegant Wedding Chairs for Unforgettable Celebrations

REVIVAL: Redefining Ready-to-Cook with Millet-Based Goodness

Flexible Office Provider BOOTSTART Coworking Expands Horizons After Successful Fundraise

SOLIZE Signs a FY2025 MotoGP™ Sponsorship Agreement with IDEMITSU Honda LCR

Happiest Health’s ‘Technology & Innovation in Healthcare Summit 2025’ Explores the Transformative Impact of New-age Technologies in the Industry

Kamdhenu Paints Concludes ‘Rangon Ka Jashn’ – A Bollywood Extravaganza in Goa

Modulus Alternatives Announces the Successful Maturity and Exit of its Maiden Private Credit Fund I, Achieving a Gross IRR of 17 percent +

Syndicate Finance: Celebrating Over Four Decades of Tailored Financial Solutions

Bajaj Group Launches ‘Bajaj Elevate India’ Campaign on Republic Day, Highlighting Impactful CSR Initiatives

Prowatch and Probuds Slash Prices for Republic Day – Grab at Rs 26

MRAI’s 12th IMRC to Discuss India’s Transition Towards Circular Economy, Environmental Sustainability, and Economic Growth

Sri Manakula Vinayagar Engineering College Sets Guinness World Record for Largest Human Ashoka Chakra

Education for All: Policymakers and Industry Leaders Unite to Drive Digital Transformation in Education at BRICS CCI Roundtable

UrbanWrk Partners with Breathe Aromatherapy to Enhance the Workplace Experience with Signature Scents

Joyville Shapoorji Pallonji Hosts its First-ever Kid’s Marathon (Joy Run Junior) in Hadapsar Annexe, Pune

ASRTU Launches Nationwide Initiative to Honour Drivers on “Drivers Day”

Signify Illuminates the Spiritual Journey of Millions of Devotees at Maha Kumbh 2025, Prayagraj

Nureca Limited Reports 18.28 percent Growth for Q3 FY25, Releases Strategic Plan for FY26

Care Health Insurance Introduces Customers to the Future of Health Insurance: Launches Ultimate Care

HDFC Life’s New Campaign Highlights Parental Values and Financial Planning with a Heartwarming Twist

Prabhu Deva’s Vibe – India’s First Live in Dance Concert

FIEO and Credlix Sign MoU to Empower Indian Exporters with Financial and Logistical Support

BSNL Launches IFTV Pilot in UP East in partnership with OTTplay

Truecaller Finally Works on iPhone

RIA Advisory Continues to Shine: Proudly Certified as a Great Place to Work for the Third Consecutive Year

IVCA Conclave 2025: Forging the Future of India’s Alternate Capital Landscape

CheQ Launches Wisor: India’s First AI Credit Card Expert

Prateek Group Announces an Exclusive Limited-time Payment Plan Offer on Prateek Grand Begonia

HDFC Life Announces Corporate Agency Tie-up With CARS24 Financial Services Pvt. Ltd.

L&T Finance Ltd. Records Consol. Profit After Tax at Rs. 2,007 Cr for 9 Months Ended Dec. 31, 2024, A Growth of 14 percent Over 9 Months Ended Dec. 31, 2023

Ikonic India Launched: Dhandeel and Ikonic Global Unveil Groundbreaking Partnership for Indian Creators

Flyrobe Expands to Bilaspur: Your Ultimate Destination for Rental Fashion

Ayanika Opens its Flagship Store: An Era of New Age Diamond Jewelry

Advancing Women’s Workforce Inclusion is Key to Unlocking Real Estate Growth in India, Reveals Research Report ‘Concrete Change

EUME Bags Prove Their Stamina at Tata Mumbai Marathon 2025

TVS Motor Company Launches India’s First, Bluetooth Connected, Electric Three-Wheeler – TVS King EV MAX

Whispers of the River and the Tree: A Grand Theatrical Spectacle Triumph

The AI Future is Here: The AI World Summit 2025 by Rabbitt AI and Chitkara University

“Mpower and Aditya Birla Group Join Forces at Tata Mumbai Marathon to Champion Mental Health Awareness”

Copper Powers the Future of Mobility: ICA India at Bharat Mobility Global Expo 2025

Vecmocon to Showcase its Deep-tech & Innovative EV Solutions at Bharat Mobility Global Expo 2025

California Walnuts: The Fresh Crop Has Arrived in India = Wellness Within

Get in Touch

    By clicking “Submit”, I agree to Privacy Policy and Terms and Condition.