A non-banking finance company (NBFC) is designed to offer different financial services, including bank-related financial services. NBFCs offer fixed deposits that are generally better in performance in terms of interest rates than normal FDs. Most NBFC have also increased their FD interest rates following the revision of #repo rates by the RBI. We have marked the changes since our last publication for easy understanding and comparison. (Note: The changes are presented in red)
In this FinStat article we shall look at the different FD rates offered by various NBFCs.
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