Given that rates are bottoming out, go for the seven-year option offering 7.85 % interest
Investors looking for alternatives to bank deposits can consider parking some of their surplus in Mahindra & Mahindra Financial Services’ public issue of non-convertible debentures (NCDs). Given the sharp fall in deposit rates, investors can earn a higher return by investing a portion of their surplus in the NCD.
[“Source-thehindubusinessline”]
