On 30 September 2021, Dewan Housing Finance Ltd. (DHFL) merged with Piramal Capital and Housing Finance Ltd. (PCHFL), also known as Piramal Finance, pursuant to the reverse merger scheme. Piramal Enterprises Ltd. (PEL) acquired 100% of the equity shares of DHFL, thus DHFL became a wholly owned subsidiary of PEL. Therefore, all customers of DHFL will be treated as customers of Piramal Finance with effect from 30 September 2021.
However, Piramal Finance does not offer fixed deposits. Those wishing to open FD can check the below NBFCs offering highest FD interest rates.
Top Corporate FD Rates
| Company Name | Credit Rating | Highest FD Rate | Interest Rates (% p.a.) | Additional interest rate for senior citizens (% p.a.) | ||
| 1-year tenure |
3-year tenure |
5-year tenure |
||||
| Shriram Finance | ICRA-AA+/Stable IND AA+/Stable by India Ratings & Research |
8.47 | 7.59 | 8.38 | 8.47 | 0.50 |
| Muthoot Capital Services Limited | CRISIL-A+/Stable | 8.38 | 7.21 | 8.07 | 8.38 | 0.50 |
| Manipal Housing Finance Syndicate Ltd | ACUITE – ACUITE A | 8.25 | 8.25 | 8.25 | 7.75 | 0.25 |
| Mahindra Finance | CRISIL -AAA/Stable; IND AAA/Stable by India Ratings | 8.10 | 7.50 | 8.10 | 8.10 | 0.10-0.25 |
| Sundaram Home Finance | CRISIL-AAA/Stable ICRA-AAA/Stable |
7.90 | 7.45 | 7.75 | 7.90 | 0.35-0.50 |
| ICICI Home Finance | CRISIL-AAA/Stable ICRA-AAA/Stable CARE-AAA/Stable |
7.80 | 7.25 | 7.75 | 7.75 | 0.25 |
| PNB Housing Finance Ltd. | CRISIL-AA/Stable CARE-AA+/Stable |
7.75 | 7.45 | 7.75 | 7.60 | 0.20-0.30 |
| Sundaram Finance | CRISIL-AAA/Stable ICRA-AAA/Stable |
7.75 | 7.45 | 7.75 | – | 0.50 |
| LIC Housing Finance Ltd. | CRISIL-AAA/Stable | 7.75 | 7.25 | 7.75 | 7.75 | 0.25 |
| Kerala Transport Development Finance Corporation Ltd. | Guaranteed by Kerala Govt. | 7.00 | 7.00 | 7.00 | 6.75 | 0.25 |
*At Monthly Rests. Additional interest of 0.25% p.a. on all renewals, where the deposit is matured.
The above interest rates are updated as of 24 January 2025
Top 20 Scheduled Banks offering Best FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Shivalik Small Finance Bank | 8.80 | 6.00 | 7.50 | 6.50 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.25 | 8.25 | 8.60 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| ESAF Small Finance Bank | 8.38 | 6.00 | 6.75 | 6.25 | 0.50 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.10 | 8.00 | 7.25 | 0.50-0.75 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| AU Small Finance Bank | 8.10 | 7.25 | 7.50 | 7.25 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 8.05 | 8.05 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| RBL Bank | 8.00 | 7.50 | 7.50 | 7.10 | 0.50 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Central Bank of India | 7.50 | 6.85 | 7.00 | 6.75 | 0.50 |
| Punjab & Sind Bank | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |