Shriram Finance Fixed Deposit: Up to 8.8% Interest Rates
Shriram Finance Fixed Deposit: Up to 8.8% Interest Rates
Mar 21, 2024
15 Mins
Shriram Finance, an NBFC with an AA+ (Stable) credit rating, is offering fixed deposit interest rates starting from 8.2% for a tenure of 3 years. The interest rates for normal citizens range from 7.53% to 8.3%, while senior citizens can avail rates between 8.03% and 8.8%.
The minimum deposit required is ₹ 5000, with no maximum limit. Shriram Finance has its headquarters in Chennai and was incorporated in 1986. It offers various financial services including home loans, car loans, and personal loans. As of December 2022, it has 2,901 branches across India and an AUM of INR 1.77 lac crores.
Shriram Finance's fixed deposits have an AA+ (Stable) credit rating from CRISIL. Investors can use the FD calculator to compare returns with other top banks. Shriram Finance also offers flexible tenure and partial withdrawal facilities.
For an investment of ₹ 1,00,000 over 1 year at an interest rate of 7.53%, the total investment would be ₹ 1,07,795 with a wealth gain of ₹ 7,795. Shriram Finance FD schemes include both cumulative and non-cumulative options with different tenures and minimum investments.
There are no premature withdrawal options for the first 3 months, and a penalty of 2% is charged for withdrawals made before 6 months. Customers can open a Shriram Finance FD account through internet banking, a mobile app, or by visiting a branch. The required documents include a PAN card, photographs, and valid identification and address proofs.
Shriram Finance, an NBFC with an AA+ (Stable) credit rating, is offering fixed deposit interest rates starting from 8.2% for a tenure of 3 years. The interest rates for normal citizens range from 7.53% to 8.3%, while senior citizens can avail rates between 8.03% and 8.8%.
The minimum deposit required is ₹ 5000, with no maximum limit. Shriram Finance has its headquarters in Chennai and was incorporated in 1986. It offers various financial services including home loans, car loans, and personal loans. As of December 2022, it has 2,901 branches across India and an AUM of INR 1.77 lac crores.
Shriram Finance's fixed deposits have an AA+ (Stable) credit rating from CRISIL. Investors can use the FD calculator to compare returns with other top banks. Shriram Finance also offers flexible tenure and partial withdrawal facilities.
For an investment of ₹ 1,00,000 over 1 year at an interest rate of 7.53%, the total investment would be ₹ 1,07,795 with a wealth gain of ₹ 7,795. Shriram Finance FD schemes include both cumulative and non-cumulative options with different tenures and minimum investments.
There are no premature withdrawal options for the first 3 months, and a penalty of 2% is charged for withdrawals made before 6 months. Customers can open a Shriram Finance FD account through internet banking, a mobile app, or by visiting a branch. The required documents include a PAN card, photographs, and valid identification and address proofs.
Author
Pluto Team
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