Check Out the Latest Shriram Transport Finance Fixed Deposit Rates

 With inflation soaring, keeping your money parked in a savings bank account is the last thing you want. While investing money in securities through stocks and mutual funds can be tempting, they carry a certain risk that not everyone is willing to take. Now one easy way to earn more returns than a savings account without taking any significant risk is through a fixed deposit account. While there are many FD options out there, Shriram Transport Finance FD rates are drawing people in doves. Here is all the info you need on Shriram Finance fixed deposit interest rates. 



Latest Shriram Transport Finance FD Interest Rates 

Shriram Transport has recently revised its interest rates in light of the evolving economic outlook, and the NBFC (non-bank financial company) is offering up to 8.25 percent fixed deposit interest rate on non-cumulative FDs of up to INR 5 crores for a 60 month duration. Moreover, you can enjoy Shriram Transport Finance FD rates of 8.52 percent on non-cumulative fixed deposits of over INR 5 crores for a duration of 60 months or 5 years. Needless to say, Shriram Transport Finance is offering one of the highest fixed deposit interest rates in the country. 

Features of Shriram Transport Finance Fixed Deposits 

  • Senior citizens can enjoy even higher interest rates on their term deposits with Shriram Transport. 

  • The company accepts a minimum deposit of INR 5000 and any amount in the multiples of 1000 thereof. 

  • You can enjoy an additional interest rate of 0.25 percent when you renew your Shriram Transport Finance fixed deposit. 

  • The minimum duration for a term deposit with the company is 12 months or one year. 

  • You can also take loans amounting to 75 percent of the total deposit amount against your FD. 

Note: Senior citizens are individuals aged 60 years or above. 

A well-known name in the world of non-bank finance companies, Shriram Transport Finance offers one of the best fixed deposit interest rates in India. If you are eager to earn higher returns on your savings without taking up additional risk, then start a Shriram Transport Finance fixed deposit today.

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