How to find the best rates for Shriram Transport Finance Company Fixed Deposit
Shriram conglomerate was incorporated in the year 1979 and is registered as a deposit-taking NBFC. The company offers a range of mid-tenure fixed deposits, which are available at attractive interest rates.
The table above lists down all the different tenures and the corresponding rate of interest that is offered on them.
Short-Term Fixed Deposit Rates
The shortest tenure available for a Shriram Fixed Deposit is one year. The rate of interest for this deposit is 8.42% which is compounded yearly.
Mid-Term Fixed Deposit Rates
The fixed deposits offered by Shriram are available for any period between 1 to 5 years. There is no deposit offered by the company for long-term locking. The rate of interest for a fixed deposit made for 2 years is 8.42% after which the rate remains uniformly consistent at 8.65%. So for deposits made for between 3 years and 5 years, the interest rate is 8.65%.
Fixed Deposit Rates for Senior Citizens
Fixed Deposit schemes for senior citizens come with attractive interest rates varying from 9.00% to 9.25%. The deposits made for the minimum tenure offered, i.e. 1 year and 2 years, fetch an interest rate of 9.00%, whereas those made for tenures of 3, 4 or 5 years fetch the highest rate of 9.25%.
All rates mentioned above are compounded yearly. FD rates by Shriram are highly competitive and are good investment options for anyone who is looking to get more out of his/her surplus funds.