Companies giving high interest rates on FDs

There are many companies that accept deposits from public. But most of them offer interest rates that are quite less than what banks offer on their FDs. Still there are a few good companies that offer much higher interest rates than bank FDs. Following are details of such companies’ Fixed Deposits:

COMPANIES	PERIOD (YEAR)
	1	2	3
1) Jaiprakash Associates Ltd.	11%	11.5%	12%
2) Jindal Stainless Ltd.	10%	10.5%	11%
3) Television-18	10%	10.5%	11%
4) Sriram Transport Finance Corp.	10%	10.5%	11%
5) Sriram City Union Finance Corp.	10%	10.5%	11%
6) Ind-Swift Ltd.	11%	11.5%	12%
7) ABT Industries	9%	9.5%	10%

• Minimum Amount of Deposit for all the companies are Rs. 10,000/- while for Jindal Stainless Ltd. it is Rs. 21,000/-
• Rate of Interest mentioned above is for Non-Cumulative schemes. On Cumulative schemes rate of Yield could be higher.
• Ind-Swift Ltd. accepts deposits for 6 month period for which the rate is 10% p.a.
• Most of the companies give additional 0.5 % interest to Senior citizen.
• More details & application forms may be available from your broker or financial advisor.