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
| Period | Monthly | Quarterly | Half Yearly | Annual |
|---|---|---|---|---|
| 12 M | 7.34% | 7.39% | 7.46% | 7.60% |
| 18 M | 7.48% | 7.53% | 7.60% | 7.75% |
| 24 M | 7.76% | 7.82% | 7.89% | 8.05% |
| 30 M | 7.90% | 7.96% | 8.04% | 8.20% |
| 36 M | 7.95% | 8.01% | 8.09% | 8.25% |
| 42 M | 8.00% | 8.06% | 8.14% | 8.30% |
| 50 M | 8.18% | 8.24% | 8.33% | 8.50% |
| 60 M | 8.18% | 8.24% | 8.33% | 8.50% |
Shriram Finance FD – Cumulative Option
| Period | Annual Int. Rate (monthly rest) | Maturity of 10,000 | Effective Yield |
|---|---|---|---|
| 12 M | 7.34% | 10,760 | 7.60% |
| 18 M | 7.48% | 11,180 | 7.90% |
| 24 M | 7.76% | 11,670 | 8.37% |
| 30 M | 7.90% | 12,170 | 8.71% |
| 36 M | 7.95% | 12,680 | 8.95% |
| 42 M | 8.00% | 13,220 | 9.21% |
| 50 M | 8.18% | 14,050 | 9.71% |
| 60 M | 8.18% | 15,030 | 10.07% |
- 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.
