Interest Rates on Deposits offered by Finance Companies
(Sunday, July 08, 2001)
Company Rating Interest Rates
1 yr 2 yr 3 yr
Bajaj Auto Finance FAAA 12.00 - 12.00
First Leasing MAAA 11.00 12.00 12.50
HDFC FAAA 9.50 9.75 10.25
ICICI FAAA 9.75 10.25 10.50
IDBI FAAA 9.00 9.25 9.75
IL & FS MAAA 9.00 9.50 10.00
Lakshmi General Finance MAAA 10.00 11.00 11.50
S I D B I FAAA 10.00 10.50 11.50
Sundaram Finance MAAA 10.00 10.50 11.50
Tata Sons FAAA - - 12.00
Cholamandalam Finance FAA+ 10.00 11.00 12.00
Kotak Mahindra FAA+ 10.00 10.50 10.75
M & M Financial Services FAA+ 11.00 12.00 12.50
Ashok Leyland Finance FAA 11.00 11.50 12.00
H U D C O FAA 9.50 10.00 10.50
Birla Global Finance FAA- - - 14.00
L & T Finance FAA- 10.50 10.50 12.00
S I C O M FAA- 11.00 12.00 12.50
T I D C O FAA- 12.00 12.50 13.00
T N Power Finance FA+ 10.08 10.59 11.61
T N Transport Finance FA+ 10.00 10.50 11.00
Sundaram Home Finance MA 10.00 10.50 11.00


Note : Investments in the fixed deposit programmes of HDFC and HUDCO are eligible for tax exemptions; 

Also interest on deposits in HDFC,HUDCO, SICOM, TIDCO, TN Power and TN Transport are eligible for 

deduction under section 80-L; 

CRISIL has accorded a rating of FAA+ for the fixed deposit programme of Lakshimi General Finance; 

Wipro's fixed deposit programme is secured by a guarantee by Wipro to the extent of Rs.25 crores.