For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Shriram City Union Finance Hikes Interest Rates On Fixed Deposits, Check Latest Rates Here

|

Fixed Deposits have become one of the most sought-after deposits as they are a secure and safe way of investing your hard-earned money that can offer you guaranteed return without being affected by volatile market conditions. One such company that offers attractive interest rates on fixed deposits include Shriram City Union Finance. The investment period ranges from 12 months to 60 months.

 
Shriram City Union Finance Hikes Interest Rates On Fixed Deposits

It is important to note that when you invest in FDs of non-banking finance companies, they must have a high credit rating. When it comes to Shriram City Union Finance, the company has been assigned with a MAA+/ rating that indicates a stable outlook rating by ICRA. It shows a high credit quality. Check the FD interest rates offered by Shriram for citizens and senior citizens.

Interest Rates On Retail Deposit Of Less Than Or Equal To Rs 5 Crore: Shriram City Union Finance offers citizens an interest rate of 7.75% on its FDs and an additional interest rate of 0.30% for senior citizens. It implies that senior citizens will get 8.05% interest rates on FDs. Shriram's FDs will help you grow your savings as it has been certified with a highest credit rating. The investment tenure ranges from 12 months to 60 months. You may select the tenure as per your requirements. If you opt for non-cumulative deposits, an investment in 12 months FD will fetch you an interest rate of 6.50% p.a. If you select the tenure of 60 months, you will get an interest rate of 7.75% p.a. There is an additional interest rate of 0.30% p.a. for senior citizens. There will be an added interest rate of 0.25% p.a. on all renewals when the deposit is matured.

Period (months)Monthly % P.AQuarterly % P.AHalf-yearly % P.AYearly % P.A
126.316.356.46.5
156.546.586.646.75
246.546.586.646.75
307.257.37.377.5
367.257.37.377.5
457.347.397.467.6
487.347.397.467.6
607.487.537.67.75

Interest Rates On Bulk Deposit Of More Than Rs 5 Crore: If you choose non-cumulative deposits, you can obtain an interest rate of 6.77% p.a. for a tenure of 12 months. The interest rate will be 8.02% p.a. if you choose the tenure of 60 months for your deposits. There will be an additional interest rate of 0.30% p.a. percent for senior citizens. Therefore, senior citizens will get 8.32% interest rates on their FDs for a tenure of 60 months.

 
Period (months)Monthly % P.AQuarterly % P.AHalf-yearly % P.AYearly % P.A
126.566.66.666.77
156.796.836.897.01
246.796.836.897.01
307.57.557.627.77
367.57.557.627.77
457.597.647.727.87
487.597.647.727.87
607.737.797.868.02

Story first published: Thursday, May 19, 2022, 23:10 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X