Best FD interest rates: According to a press release issued by the company yesterday (April 11, 2024), retail NBFC Shriram Finance increased interest rates on fixed deposits by 0.05 to 0.20% for various maturity periods. Is. The revised FD rates are effective from April 9, 2024.
Which customers are eligible for 9.40% FD interest rate?
According to a press release from Shriram Finance, ‘Senior citizens aged 60 years or above at the time of deposit/renewal are eligible to earn an additional 0.50% interest per annum, while women investors can avail an additional 0.10% interest per annum. SFL will offer additional interest of 0.25% per annum on all renewals.
Female senior citizens who invest in 50 month and 60 month fixed deposits are eligible for 9.40% interest rate per annum. This includes 0.50% per annum for senior citizens and 0.10% per annum for women.
Who will get how much interest?
Shriram Finance senior citizen FD investors will earn 9.30% interest on FDs for tenures of 50 months, 60 months, female senior citizen investors will earn 9.40% FD interest rate. Regular citizens will earn 8.80% on the same tenure.
Talking about the safety of Shriram Finance FDs, the FD has been given [ICRA]AA+ (Stable) rating by ICRA and IND AA+/Stable rating by India Ratings and Research.
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