Company FD comparison: Bajaj Finance vs Shriram Finance interest rates for 2026 at a glance

Company Fixed Deposits (CFDs) continue to attract investors looking for higher returns than traditional bank fixed deposits. Offered by Non-Banking Financial Companies (NBFCs) and corporates, these deposits typically provide better interest rates but also carry relatively higher risk than bank FDs. Investors are therefore advised to compare not only returns but also the issuer's credit rating and deposit features before investing.

Among the popular company FDs in 2026, Bajaj Finance and Shriram Finance (formerly Shriram Transport Finance) remain two of the most preferred options. Here's how they compare.

Bajaj Finance FD vs Shriram Finance FD

Credit rating

CRISIL FAAA/Stable, ICRA MAAA/Stable

CRISIL AAA/Stable, ICRA AAA (Stable), India Ratings AAA/Stable, CARE AAA/Stable

Interest rate

6.60%–6.95% p.a.

6.85%–7.50% p.a.

Tenure

Up to 5 years

12 months to 60 months

Minimum investment

Rs 5,000

Rs 5,000 (in multiples of Rs 1,000)

Senior citizen benefit

Additional 0.35% p.a.

Additional 0.50% p.a.

Additional benefits

Easy online investment

Extra 0.05% for women and 0.15% on eligible renewals

Interest rate comparison

Shriram Finance continues to offer higher interest rates than Bajaj Finance, although it has revised its FD rates with effect from July 2, 2026. The company now offers annual interest rates ranging from 6.85% to 7.50%, depending on the tenure.

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In comparison, Bajaj Finance offers interest rates ranging from 6.60% to 6.95% per annum across eligible tenures.

For investors primarily seeking higher returns, Shriram Finance retains an edge, particularly for deposits with tenures of 36 months to 60 months, which earn 7.50% per annum. It also offers a 15-month digital-only FD carrying an interest rate of 7.10%.

Bajaj Finance FD vs Shriram Finance FD: Interest Rates (2026)

Parameter	Bajaj Finance FD	Shriram Finance FD
Interest rate (General investors)	6.60%–6.95% p.a.	6.85%–7.50% p.a.
Maximum interest rate	6.95% p.a.	7.50% p.a.
Senior citizen additional interest	+0.35% p.a.	+0.50% p.a.
Maximum rate for senior citizens	Up to 7.30% p.a.	Up to 8.00% p.a.*

*Women depositors receive an additional 0.05% p.a., while eligible renewals earn an additional 0.15% p.a.

Senior citizen benefits

Both companies provide additional interest to senior citizen investors.

Bajaj Finance offers an additional 0.35% per annum, while Shriram Finance provides a higher 0.50% per annum for senior citizens aged 60 years and above.

Shriram Finance also offers 0.05% additional interest for women depositors and 0.15% extra on eligible renewals, enhancing the overall returns for eligible investors.

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Tenure and investment options

Bajaj Finance allows investors to open an FD for a tenure of up to five years, with investments starting from Rs 5,000.

Shriram Finance offers deposit tenures ranging from 12 months to 60 months, including a 15-month digital-only deposit. Deposits are accepted in multiples of Rs 1,000, subject to a minimum investment of Rs 5,000. Investors can choose cumulative deposits or opt for non-cumulative plans with monthly, quarterly, half-yearly or annual interest payouts. The company also offers a Fixed Investment Plan (FIP), under which revised interest rates range from 6.85% to 7.50% depending on the tenure.

Credit ratings and safety

While higher returns are important, credit quality should not be overlooked.

Bajaj Finance carries CRISIL FAAA/Stable and ICRA MAAA/Stable ratings, indicating the highest degree of safety with regard to timely servicing of financial obligations.

Shriram Finance's fixed deposits are rated CRISIL AAA/Stable, ICRA AAA (Stable), India Ratings AAA/Stable and CARE AAA/Stable, reflecting the highest level of safety with regard to the timely servicing of financial obligations.

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Which FD is better?

The choice depends on an investor's priorities.

Those looking to maximise returns may find Shriram Finance attractive because it offers a higher maximum interest rate of 7.50%, a larger 0.50% senior citizen benefit, along with additional incentives for women depositors and eligible renewals.

On the other hand, investors who place greater emphasis on investing with a large, well-established NBFC offering competitive returns may prefer Bajaj Finance, despite its comparatively lower interest rates.

Before investing in any company fixed deposit, financial experts recommend assessing the issuer's credit ratings, payout options, liquidity requirements and investment horizon rather than choosing solely on the basis of the highest advertised interest rate.

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