NBFC: Fixed Deposit Interest Rate Over 8%, But Is It Safe For Investment?

Fixed Deposit (FD) is a widely favored and secure investment choice among individuals in India, providing guaranteed returns to investors. Currently, major government and private banks in the country are offering interest rates ranging from 7.25% to 8.05% on deposits. In contrast, Non-Banking Financial Corporations (NBFCs) tend to offer higher interest rates compared to commercial […] The