Shriram Finance Fixed Deposits, formerly known as Shriram Transport Finance Company (STFC), have gained popularity as a trusted and favored investment choice for individuals seeking to safeguard their savings while earning consistent returns. Fixed deposits have been a trusted option for cautious investors looking for stability and reasonable returns.
The Shriram Finance provides a diverse selection of Fixed Deposit (FD) products with attractive interest rates and maturity periods extending up to 60 months. To open a deposit, a minimum of Rs. 5,000 is required.
Shriram Finance : An Overview
Shriram Finance Limited is one of India's leading non-banking financial companies (NBFCs), specializing in commercial vehicle finance. Established in 1979, Shriram Finance has since become a trusted name in the financial sector, offering a wide range of products and services to meet the diverse needs of its customers. The company's robust financial position and strong credit rating have contributed to its credibility among investors.
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Understanding Shriram Finance Fixed Deposits
Shriram Finance Fixed Deposits are a type of term deposit scheme offered by the company to individual investors. These FDs provide a fixed interest rate over a predetermined period, allowing investors to earn stable returns on their investments. The minimum investment amount required to open an STF FD account is typically reasonable, making it accessible to a broader investor base.
Shriram Finance Interest Rate Chart- July 2023
Shriram Finance FD – Cumulative Option
Int. Rate (monthly rest)
|Maturity of 10,000||Effective Yield|
- Additional interest of 0.50%* p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)
- Additional interest of 0.25%* p.a. will be paid on all renewals, where the deposit is matured.
- Additional interest of 0.10%* p.a. will be paid to Women Depositors.