April 2026 Corporate FD Rates: In April 2026, many investors are feeling nervous because the world economy still looks shaky. There is pressure from wars and global tensions. Prices are still high in many places, and supply chain problems have not fully gone away.
These deposits are being seen as a simple way to earn fixed income for a set time. Many well-known NBFCs are offering rates that are higher than what many regular bank FDs give. For example, Bajaj Finance is showing rates up to 6.95% for regular customers and up to 7.30% for senior citizens.
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Mahindra Finance is offering up to 7%. PNB Housing Finance is showing 7.15% for regular investors and higher effective returns on some cumulative plans. Shriram Finance is showing rates up to 8.15%, including extra benefits for some categories of depositors.
Safe deposits
In India, not every NBFC is even allowed to take public deposits. The Reserve Bank of India says only deposit-taking NBFCs with the right registration and at least an investment grade credit rating can accept public deposits. RBI also says the maximum interest rate such NBFCs can offer is 12.5%.
Top corporate fixed deposit rates – April 2026
| Company Name | Credit Rating | Highest Rate Slab | Applicable Tenure | 1-Year | 3-Year | 5-Year | Additional Interest for Senior Citizens |
|---|---|---|---|---|---|---|---|
| Shriram Finance* | ICRA – AA+; Watch Positive, CARE – AAA/Stable, CRISIL – AA+; Watch Positive | 7.60% | 3-5 years | 7.00% | 7.60% | 7.60% | 0.50% |
| Mahindra Finance | CRISIL – AAA/Stable, IND AAA/Stable | 7.00% | 2-5 years | 6.60% | 7.00% | 7.00% | 0.20%-0.35% |
| Manipal Housing Finance Syndicate Ltd. | ACUITE – ACUITE A | 8.25% | 1-3 years | 8.25% | 8.25% | 7.75% | 0.25% |
| PNB Housing Finance Ltd. | CRISIL – AA+ (Stable), CARE – AA+ (Stable) | 6.90% | 3-5 years | 6.60% | 6.90% | 6.90% | 0.25%** |
| Sundaram Home Finance | CRISIL – AAA/Stable, ICRA – AAA/Stable | 7.15% | 4-5 years | 6.70% | 7.00% | 7.15% | 0.35%-0.50% |
| Bajaj Finance Ltd. | CRISIL – AAA/Stable, ICRA – AAA/Stable | 6.95% | 2-5 years | 6.60% | 6.95% | 6.95% | 0.35% |
Note: Rates as of 9 April 2026. Final rates depend on factors such as current credit score, credit profile, loan amount, and loan tenure.
(*At monthly rests. Additional interest of 0.15% p.a on all renewals where the deposit is matured. Additional interest of 0.05% p.a. for women depositors.)
(**Applicable for deposits up to₹1 crore.)
What to Check Before You Put Money?
Before choosing a corporate FD, the first thing many people look at is the credit rating. A stronger rating can give more comfort about the company’s ability to repay.
Many investors prefer to stay with names that have high ratings like AAA or AA+, because that usually feels safer than going too far down the rating scale. But rating alone should not be the only thing you see. It is also smart to look at the company’s track record, how it has performed over time, how customers talk about its service, and whether it handles complaints properly.
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Tenure and liquidity
The next thing is tenure and liquidity. This simply means you should think about how long you can leave the money untouched. If you may need the cash early, then locking it for a long period may not be a smart move. Early withdrawal often comes with penalties, so the FD should match your own money plans and not just the highest rate on paper.
Interest
After that, you need to look at the interest payout choice. Some people want money every month or every quarter because they need regular income. Others may like the cumulative option, where the money stays invested and grows till maturity. This choice depends on what kind of cash flow you need in real life.
Extra benefits
There are also extra benefits that can make a difference. Some companies give better terms to senior citizens. Some also give a small extra return to women depositors or on renewals.
For example, Shriram Finance shows extra benefits for senior citizens and women depositors, while Mahindra Finance also shows additional rate benefits for some eligible groups.
