Interest Rates on Deposits offered by Finance Companies
(Sunday, July 29, 2001)
Company Rating Interest Rates
1 yr 2 yr 3 yr
16 17.2 17.1 17
Bajaj Auto Finance FAAA 12 - 12
First Leasing MAAA 11 12 12.5
HDFC FAAA 9 9.25 10
ICICI FAAA 9.75 10.25 10.5
ICICI Home Finance AAA - - 9.75
IDBI FAAA 9 9.25 9.75
IL & FS MAAA 9 9.5 10
Lakshmi General Finance MAAA 10 11 11.5
S I D B I FAAA 10 10.5 11.5
Sundaram Finance MAAA 10 10.5 11.5
Tata Sons FAAA - - 12
Cholamandalam Finance FAA+ 10 11 12
Kotak Mahindra FAA+ 10 10.5 10.75
M & M Financial Services FAA+ 11 12 12.5
Ashok Leyland Finance FAA - 11.5 12
H U D C O FAA 9.5 10 10.5
Birla Global Finance FAA- - - 14
L & T Finance FAA- 10.5 10.5 12
S I C O M FAA- 11 12 12.5
T I D C O FAA- 9.5 10 11
T N Power Finance FA+ 10.08 10.59 11.61
T N Transport Finance FA+ 10 10.5 11
Sundaram Home Finance MA 9.5 9.75 10.75


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.