Shriram City Union Finance offers Fixed Deposits (FDs) which have been rated ‘MAA+/with Stable Outlook’ by credit rating firm ICRA. The rating indicates the high credit quality of the FD scheme offered by the non-banking financial company (NBFC). Both cumulative and non-cumulative deposits are offered by Shriram City, the interest rates of which starts from 7.72% p.a. and 8.00% p.a. respectively.
|Period||Interest Rate (p.a.)||Effective Yield % (p.a.)|
*Rates may be revised at regular time intervals
*Please note that the rates given above are monthly percentage gains
|Period||Interest Rate (p.a.)|
*Rates will be subject to change at regular intervals.
What effect will the prevalent rates have on my existing deposits?
According to company regulations, your existing deposits will not be affected by the prevalent rates. Any revision in interest rates will be applicable only on fresh deposits and renewals.
What is the interest rate on loans which I avail against my fixed deposit?
The interest rate on loans availed against deposits is 2% above the rate of interest payable on the deposit.
Will NRI deposits be accepted by Shriram City Union Finance?
Unfortunately, no. Fixed deposits by Non-Resident Indians (NRIs) have been discontinued since 2 January 2017.
Can I transfer my fixed deposit to someone’s name?
No, Shriram City Union Finance does not allow transfer of fixed deposits.
What are the minimum and maximum tenure offered on Shriram City Union Finance FDs?
The minimum and maximum tenure offered on fixed deposits of Shriram City are 12 months and 60 months respectively.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.