Are you bored with the little percentage of interest offered by the banks? Then, here is good news for you. You can simply invest your hard earned money to an NBFC and get a higher percentage of interest.
You may be amazed at the same time surprised to know that how come NBFCs are paying a higher rates on fixed deposit than banks. Here are some of the secrets that will clarify all your doubts.
A higher risk is involved in investing money in NBFC, so less people choose NBFCs above banks. The more the risk, the better you get paid. NBFC do not have to pay any kind of CRR or SLR, that’s the greatest advantage that they enjoy over banks.
An NBFC earns its income by deploying its financial assets. In case of loans they charge more interest, so they are forced to pay more interest in case of investments.
There are more secrets that need to be revealed. To get those, you should go through the detailed article: http://dcresource.biz/nbfcs-offer-higher-interest-rates-fds-banks/
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