Shriram Transport Finance Raises Fixed Deposit Rates By 0.5% Across Tenors

Tuesday August 09, 2022.

Press Trust of India | New Delhi

Last Updated at August 9, 2022 15:10 IST

Shriram Insurance

Shriram Transport Finance Company on Tuesday announced to raise fixed deposit rates by up to 0.5 per cent across tenors with effect from August 10.

The new interest rates will apply on deposit tenures between 12-60 months (1-5 years).

With the hike in fixed deposit rates by 25-50 basis points or 0.25-0.50 per cent per annum across different tenures, customers can earn interest up to 8.75 per cent on fixed deposits, effective from August 10, 2022, STFC said in a release.

Senior citizens will get the benefit of an additional 0.50 per cent per annum interest on their deposits, the release added.

Also, it will offer an additional interest of 0.25 per cent per annum on all renewals, where the deposit has matured.

The company offers to finance pre-owned trucks with the main presence on lending towards 5-10 year-old trucks.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 09 2022. 15:10 IST

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Shriram Transport Finance Raises Fixed Deposit Rates By 0.5% Across Tenors

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