Very few company deposits currently offer the strong features that Shriram Transport Finance Company offers. These include high interest rates and high safety. Here are some other reasons to subscribe to the company's Fixed Deposits.
Beats bank interest rates
A 36-month fixed deposit gives a yield of as high as high as 11.94 per cent, which is way above yields offered by banks. On the other hand a deposit of 24 month gives a yield of 10.23 per cent. This is pretty decent under the cumulative option.
Strong rating by rating agencies
Rating agency Crisil has accorded a "FAA+STABLE" rating indicating a high degree of safety in payment of principal and interest amount. On the other hand ICRA has given a rating of "MAA+stable" rating, indicating high credit quality.
Hedge against interest rates falling
With inflation showing signs of declining, interest rates may fall in the future. If you invest today in Shriram Transport Finance, you are locking money at high interest rates and do now have to worry about interest rates falling.
India's largest asset financing NBFC
Shriram Transport Finance has a strong pedigree and a solid brand equity and is India's largest asset financing NBFC.
Good options to choose from
The Fixed deposits also come with a variety of options including monthly interest payment (interest rate 10.25 per cent), quarterly interest payment (interest rate 10.37 per cent) and half yearly (10.44 per cent) for 36 months deposit.