Shriram Transport Finance Firm on Tuesday introduced to boost fastened deposit charges by as much as 0.5% throughout tenors with impact from August 10. The brand new rates of interest will apply on deposit tenures between 12-60 months (1-5 years).
With the hike in fastened deposit charges by 25-50 foundation factors or 0.25-0.50% every year throughout completely different tenures, prospects can earn curiosity as much as 8.75% on fastened deposits, efficient from August 10, 2022, STFC mentioned in a launch.
Senior residents will get the good thing about an extra 0.50% every year curiosity on their deposits, the discharge added.
Additionally, it’ll supply an extra curiosity of 0.25% every year on all renewals, the place the deposit has matured.
The corporate provides to finance pre-owned vans with the primary presence on lending in the direction of 5-10 year-old vans.
Now, prospects can earn curiosity as much as 8.75% on FDs, efficient from Aug 10, 2022, in accordance with an announcement from STFC.
