Interest Rates on Deposits offered by Finance Companies
(Sunday, October 15, 2000)
Company Rating Interest Rates
1 yr 2 yr 3 yr
Bajaj Auto Finance FAAA 12.00 - 12.00
First Leasing MAAA 11.50 12.50 13.00
HDFC FAAA 9.50 10.00 10.50
ICICI FAAA - 10.50 11.50
IDBI FAAA 10.50 11.00 12.00
IL & FS MAAA 11.50 11.80 12.50
Lakshmi General Finance MAAA 10.00 11.00 11.50
S I D B I FAAA 10.00 10.50 11.50
Sundaram Finance FAAA 10.50 10.50 11.50
Tata Investment Corp., FAAA - - 12.00
Tata Sons FAAA - - 12.00
Apple Finance MAA+ 14.00 14.00 14.00
Cholamandalam Finance FAA+ 11.50 12.50 13.00
Kotak Mahindra FAA+ 13.00 13.30 13.50
T I D C O FAA+ 12.50 13.00 14.00
Ashok Leyland Finance FAA - 14.00 14.50
H U D C O FAA 10.80 11.50 12.00
Birla Global Finance FAA- - - 14.00
L & T Finance FAA- 10.50 10.50 12.00
M & M Financial Services FAA- 13.50 14.00 14.50
S I C O M FAA- 11.00 12.00 12.50
Shapoorji Pallonji Finance FA+ 12.00 13.00 14.00
T N Power Finance FA+ 12.00 12.50 13.00
T N Transport Finance FA+ 10.00 10.50 11.50
Simpson General Finance FA 14.00 14.50 15.00
Wipro Finance FA 14.00 14.00 14.00


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.