Shriram Finance FD Rates

Are you looking for an investment guru? Shriram Transport finance company is undoubtedly the place, where you could safely put your money. The company broadly based in finance of new and pre-owned vehicles, is one of the top-ranking places for investment. Although, the Company was registered as an NBFC in the year 1979, it has come a long way in achieving tremendous growth as a conglomerate in finance. For this, its fixed deposit schemes have always got AA+ ratings from CARE agency. This shows, as financial products, fixed deposits are the premium products with highest safety. As its financial products, the features of its fixed deposits are very attractive. For the people with investment minds, Shriram finance offers good opportunities in investment and growth.

Shriram Finance Term Deposit Scheme

Shriram Transport Finance FD Rates

As the biggest operator in commercial vehicle finance, Shriram finance has stayed the most prominent asset financing companies. With its formidable niche presence in pre-owned and new vehicle financing, it has ensured absolute growth for its investors through issue of fixed deposits.

As the focus has always stayed on the increasing scope for financing the vehicles, the company has also shifted its focus to other lucrative businesses in financing. As passenger commercial vehicles, vehicles with multi-utilities, three wheeler, and construction and tractor equipment other than trucks and this makes the return-on-investment absolutely safe.

The need for good logistics management has increased more and more in the last years. The growing trade and commerce requires better logistics management than ever before. Playing a dominant role in the logistics industry, Shriram finance has attracted the attention of the investors from all-over the world.

The Company has a pan India presence in the nation. With its 15,000 employee strength and impressive record of growth, the Company is the one and only destination for investment in India. With assued growth, its fixed deposits only get the best returns from the market.

How to Apply for Shriram Transport Finance?

If are you interested to go for FD scheme then following documents will be required by the Shriram Finance:

  1. Duly filled-in application form
  2. A/C payee cheque, demand draft, pay order in favor of “Shriram Transport Finance corporation Ltd”

Proof of residential address (any one of the document will work)

  • Aadhar card or Ration Card
  • Recent Electricity Bill
  • Last 03 month of Telephone Bill
  • Bank Passbook

Additionally, you will have to provide ID proof, any one of the below document will work:

  • Voter ID Card
  • Pan Card
  • Passport

Please note that PAN Card is mandatory.

Shriram Finance Interest Rates on Fixed Deposit

Scheme for Normal Citizens

Period Minimum  amount(Rs) Yearly Interest Cumulative Interest
1 year to 2 years 5,000 8.00 % 8.00 %
2 years 5,000 8.10 % 8.42 %
3 years 5,000 8.25 % 8.94 %
4 years 5,000 8.45 % 9.58 %
5 years 5,000 8.50 % 10.08%

Scheme for Senior Citizens

Period Minimum  amount(Rs) Rate of Interest Yearly interest
1 year 5,000 8.25 % 8.25 %
2 years 5,000 8.35 % 8.70 %
3 years 5,000 8.50 % 9.25 %
4 years 5,000 8.70 % 9.90 %
5 years 5,000 8.75 % 10.42 %

If you are retired or have handsome amount, wanted to have monthly payout then interest rates will be slightly less – kindly visit – http://www.stfc.in/deposits.aspx for detailed information.

Types of FD

Non-cumulative Deposits

When an investor wishes to invest in the non-cumulative deposits, he or she could wish to take the interest on monthly, quarterly, half yearly, or yearly basis. As per the prevailing condition, a minimum of Rs 10,000 deposit is necessary to subscribe to fixed deposit scheme. An investment of multiples in Rs 1000 is necessary for this.

Cumulative deposits

Under this scheme, a minimum of Rs 5000 deposit is necessary. But under this scheme, the principal along with accrued interest is payable at the time of maturity.

Shriram City Yuva Fixed Deposit schemes

The Company has introduced this unique fixed deposit scheme for the youth in India. The advantage with this deposit scheme is the company entitles the young investors with reward points with attractive encashment schemes for the same. Young people belonging to the age group of 18-35 could take this offer of lucrative investment.

Such deposits are tailor-made to the needs of the young investors as they have more levels of income to help in these savings.  As the initiative 90,000 crore rupees strong conglomerate Shriram group of companies, this deposit scheme is the most attractive public offer.

Advantages of investing in Shriram Finance

  • It gives higher rates of interest than any private or govt. sectors banks.
  • Minimum deposit sum accepted is Rs 5,000, that means you can start investing from as low as 5k.

Shriram Transport Finance Head Office Address
Located at: Wockhardt Towers, 3rd Floor, West Wing
Building: G Block, Bandra-Kurla Complex
Area: Bandra (East)
City: Mumbai
State : Maharashtra
Pin code: 400051

Shriram Finance  Contact No.:-022-4095-9595
Fax:

  • 022-4095-9596
  • 022-4095-9597