Shriram Transport Finance Company and Shriram City Union Finance hike in the fixed deposit rates.
CHENNAI, Oct 14 (The CONNECT) - Shriram Transport Finance Company Limited (STFC) and Shriram City Union Finance (SCUF) announced a hike in the fixed deposit rates by 5 to 25 basis points across different tenures.
Customers can earn interest up to 8.90% on FDs, effective from Oct 14, 2022. Women depositors get an additional 10bps p.a. The Long-term credit rating of Shriram City is at MAA+/Stable by ICRA and Shriram Transport is at AA+/Stable at India Ratings and ICRA.
Additional interest of 0.50% p.a will be paid to Senior Citizen depositors (Completed age 60 years on the date of deposit/renewal).
Deposit renewals will get an extra interest of 0.25% p.a