FD Rates Changed: Shriram Finance has revised the interest rates of its fixed deposit (FD) plans. These new rates will be effective from May 2, 2025 and will be applicable on new and renewed FDs up to Rs 10 crore. According to the new rates, the highest effective yield is being offered on 60-month FD, which is 9.93%
FD Rates Changed: Shriram Finance has revised the interest rates of its fixed deposit (FD) plans. These new rates will be applicable from May 2, 2025. These will be applicable on new and renewed FDs up to Rs 10 crore. According to the new rates, the highest effective yield is being offered on 60-month FD, which is 9.93%. That is, if a customer deposits Rs 5,000, then after 60 months he will get Rs 7,482.
Shriram Finance FD Rates
15-month digital FD will get interest at the rate of 7.90%, which will have an effective yield of 7.98%. Similarly, 18-month FD will get interest at the rate of 7.80% and 7.95% effective yield. 24-month FD will get interest at the rate of 7.90% and 8.21% yield, 36-month FD will get interest at the rate of 8.40% and 9.12% yield and 50-month FD will get 8.40% interest with 9.58% effective yield.
Senior citizens will get more interest
Senior citizens will get 0.50% extra interest per period. Women will be given an additional rate of 0.10%. If a customer renews his FD, he will also get the benefit of 0.25% more interest.
How much can you invest
The minimum amount to invest in FD is Rs 5000. After this, you can deposit in multiples of Rs 1000. Shriram Finance’s FD has got [ICRA] AA+ (Stable) and IND AA+/Stable rating. This rating tells how risky it is to invest money in it or not.
Shriram Finance is one of the largest retail asset finance companies in the country. It has assets under management of more than Rs 2.54 lakh crore. The company has 3,196 branches and more than 94 lakh customers, served by more than 79,000 employees. If you are looking for a safe and good return investment option, then this new FD scheme of Shriram Finance can be beneficial for you.
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