With a track record of about 30 years in this business,STFC is among the leading organized finance provider for the commercial vehicle industry.Company also provide ancilliary services such as freight bill discounting besides offering co-branded credit cards.
Pan-India presence through wide spread network of branches has helped in overall growth over the years.As on March 31,2011 STFC has 488 branches and tie up over 500 private financiers across the country.
STFC has demonstrated consistent growth in its business and profitability.Their assets under management have grown by a compounded annual growth rate(CAGR) of 40.68% from Rs.7,436.51 crores in F Y 2006 to Rs.36,086 crores in F Y 2011.
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The interest rates for 3 to 5 years deposits are being revised and interest rates on 1 to 2 years deposits will remain unchanged.
::Deposite Rates:: [ws_table id=”643″]
#0.25% additional interest for senior citizens
::Who can Invest::
- Resident Individuals
Crossed A/C Payee Cheques or DD should be payable to “SHRIRAM TRANSPORT FINANCE COMPANY LIMITED “and to be deposited in Axis CMS A/C.