This NBFC Is Offering Interest Rates On Fixed Deposits Up To 9.10%

Financial institutions such as Banks and NBFCs now offer a wide range of financial products to draw the attention of customers. Fixed Deposits (FDs) are one of the most valued investment destinations amid rising interest rates.

Shriram Finance Fixed Deposits

Recently, Shriram Finance, a leading Non-Banking Finance Company (NBFC), on the occasion of its golden jubilee announced special fixed deposit rates under the Jubilee Deposit (Shriram Unnati Deposits), which has a 50-month deposit period.

Shriram Finance offers FD interest rates under Cumulative & Non-Cumulative deposit schemes. Both schemes offer FD for the tenure of 12 months to 60 months. Under the Non-Cumulative deposit scheme, investors can book FD under 3 options, Monthly, Quarterly, Half Yearly and Yearly for interest payment.

Shriram Finance offers additional interest rates on FDs on deposits. With the additional interest rates, customers can get up to 9.10 per cent interest on FDs. Shriram Finance offers an additional 0.50% interest p.a. to senior citizens (Above 60 age) and women investors will receive an additional 0.10 percent interest p.a. It also offers an additional 0.25% interest p.a. on all renewals, where the deposit is matured.

Interest Rates-On Fixed Deposits/Renewals w.e.f 05th April 2023

Cumulative FD Scheme

Period (Months)	Rates % (p.a. at monthly rates)	Effective Yield % p.a.
12	7.34	7.6
18	7.48	7.9
24	7.76	8.37
30	7.9	8.71
36	7.95	895
42	8	9.21
48	8.04	9.46
50 (Jubilee)	8.18	9.71
60	8.18	10.07

Non-Cumulative FD Scheme

Period (Months)	Monthly % p.a.	Quaretrly % p.a.	Half-Yearly % p.a.	Yearly % p.a.
12	7.34	7.39	7.46	7.6
18	7.48	7.53	7.6	7.75
24	7.76	7.82	7.89	8.05
30	7.9	7.96	8.04	8.2
36	7.95	8.01	8.09	8.25
42	8	8.06	8.14	8.3
48	8.04	8.1	8.18	8.35
50 (Jubilee)	8.18	8.24	8.33	8.5
60	8.18	8.24	8.33	8.5

Source - Shriramfinance.in