Top-deck non-bank lenders, such as Shriram Transport Finance, are seeking to grab a bigger slice of household savings, offering returns as high as 8.84% on corporate deposit plans amid increasing credit demand and moderate liquidity. Banks are relative stragglers in the race for deposits. Average rates being offered in specific segments by some lenders are sometimes less than sovereign bond yields.Mortgage lender HDFC, Bajaj Finance, Mahindra Finance, ICICI Home Finance and LIC Housing are among NBFCs graded triple-A. They are offering returns in the range of 6.15-7.10% across 1-7 year maturities. The returns exclude softer terms for senior citizens and women, who obtain additional rewards.”The biggest benefit of retail deposit is its stickiness helping us manage asset liabilities mismatch in a better way,” said Umesh Revankar, managing director, Shriram Transport Finance. “Prior to the pandemic public retail deposits were costlier than bank loans. That is no longer the case, adding to our advantage.””We will endeavour to garner more retail deposits extending our brand reach, better service and more customisation” he said.