Shriram City Union Finance and Shriram Transport Finance Company Raises Fixed Deposit Interest Rates by up to 25bps

Shriram City Union and Shriram Transport Finance Company Raises FD Rates

Hyderabad: One of the largest asset financing company in India Shriram Transport Finance Company Limited (STFC) and Shriram City Union Finance (SCUF) a part of the Shriram Groupannounced a hike in the fixed deposit rates by 5 to 25 basis points (0.05%p.a. to 0.25%p.a.) across different tenures. Customers can earn interest up to 8.90% on FDs, effective from Oct 14, 2022. Introduces a special benefit for women, with an additional 10bps p.a to be paid on all FD rates to women depositors. Shriram City’s long term credit rating is at AA by CRISIL, ICRA and India Ratings and Shriram Transport’s CRISIL AA+/Stable.

Additional interest of 0.50% p.a will be paid to Senior Citizen depositors (Completed age 60 years on the date of deposit/renewal).

Additional interest of 0.25% p.a. will be paid on all Renewals, where the deposit is matured.

Additional interest of 0.10% p.a. will be paid to Women Depositors (new feature).

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