Earn up to 9.4% interest rate on this corporate FD; check details The minimum tenure of a fixed deposit is 12 months, and the maximum tenure is up to 60 months
Shriram Finance offers higher fixed deposit interest rates for senior citizens and for women investors. The minimum tenure of a fixed deposit is 12 months, and the maximum tenure is up to 60 months.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} It offers highest interest rate of up to 9.40%* p.a. for senior citizens including 0.10%* p.a. for women depositors.
Interest rate up to 7.5%: 5-year post office time deposit (POTD) is offering higher rates than these top 10 banks
Latest Shriram Finance FD rates
Period (Months)Monthly % p.a.Quarterly % p.a.Half-Yearly % p.a.Yearly % p.a.127.597.637.717.85New157.877.9288.15187.737.777.858247.877.9288.15308.058.18.188.35368.388.438.528.7428.428.478.568.7550 (JUBILEE)8.478.528.628.8608.478.528.628.8
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.
Flexible tenure options
According to the company press release dated July 13, 2024, “Shriram Finance FD offers flexible tenure options, ranging from 12 months to 60 months. This flexibility allows senior citizens to choose a tenure that best suits their financial planning needs. Whether they require short-term liquidity or long-term investment growth, these plans are designed to accommodate various financial goals and timelines.”Is it safe to invest?
Shriram Finance FD plans are backed by high credit ratings. Rated "(ICRA)AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research - reflecting its financial stability and trustworthiness.
Interest payment options
Shriram Finance provides several interest payment choices. Senior residents can opt to receive interest payments monthly, quarterly, semi-annually, or annually, depending on their financial situation. This flexibility guarantees that they may successfully manage their cash flow while remaining consistent with their spending patterns.
How to Apply?
Simple steps to apply
Step 01
Register using your mobile number
Step 02
Enter the investment amount, tenure and PAN details
Step 03
Complete your payment and proceed to enter your KYC and bank details
Step 04
Receive fixed deposit acknowledgement and maximise your returns.
#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
