Interest Rates on Deposits offered by Finance Companies
(Sunday, November 18, 2001)
Company Rating Interest Rates
1 yr 2 yr 3 yr
India Cements Capital & Finance 11.10 12.63 12.63
Vysya Bank Housing Finance 10.25 10.25 10.50
Bajaj Auto Finance FAAA 12.00 - 12.00
HDFC FAAA 9.00 9.25 10.00
ICICI FAAA 9.75 10.25 10.50
ICICI Home Finance AAA - - 9.75
IDBI FAAA 9.00 9.25 9.75
IL & FS MAAA 9.00 9.50 10.00
Kotak Mahindra FAAA 9.50 10.00 10.25
Lakshmi General Finance MAAA 9.50 10.50 11.00
S I D B I FAAA 10.00 10.50 11.50
Sundaram Finance MAAA 9.50 10.00 11.00
Tata Sons FAAA - - 12.00
Cholamandalam Finance FAA+ 10.00 11.00 12.00
First Leasing INDAA+ 11.00 12.00 12.50
M & M Financial Services FAA+ 10.25 11.25 11.75
Ashok Leyland Finance FAA - 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
Cent Bank Home Finance FA+ 8.50 9.00 9.50
SBI Home Finance MA+ 8.50 8.50 9.00
Sundaram Home Finance MA+ 9.50 9.75 10.50
T I D C O FA+ 9.50 10.00 11.00
T N Power Finance FA+ - 9.58 10.59
T N Transport Finance FA+ 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.