Shriram conglomerate is a deposit taking NBFC. Its incorporation took place in 1979.The customers can enjoy lucrative interest rates offered by mid tenure FDS provided by the company. At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Shriram Transport Finance Company FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
Below are given the interest rates offered by the company:
Time Duration |
Regular Rates of Interest on FDs |
Rates of Interest on FDs for Senior Citizens |
1 year |
7.75% |
8% |
2 years |
7.85% |
8.1% |
3 years |
8% |
8.25% |
4 years |
8.15% |
8.4% |
5 years |
8.25% |
8.5% |
The shortest time duration for the FD offered by the company is 1 year. The interest rate on this FD is 7.49% and this is compounded per year.
Depositors can take any FD ranging between one to five years. Long duration FDs are not available for the customers.
Here are given different interest rates for different duration:
For the deposits made for two years, the interest rate is 7.58%
For the deposits made for three years, the interest rate is 7.72%
For the deposit made for four years, the interest rate is 7.86% and
For the deposits made for five years, the interest rate is 7.96%
Below are given different interest rates for different durations for senior citizens:
One year - 7.72%
Two years- 7.81%
Three years- 7.95%
Four years- 8.09%
Five years- 8.19%.
All these rates are annual rates at monthly rests. The company offers very competitive interest rates on FDs. So, these FDS are very beneficial for those who want to get maximum benefits from their savings.