Shriram Transport Finance Company Limited raises Fixed Deposit Interest Rates by upto 25bps
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Shriram Transport Finance Company Limited raises Fixed Deposit Interest Rates by upto 25bps
- The revised rates will be applicable effective from May 20, 2022.
- The revised interest rates apply to tenures between 30 months to 60 months
One of the largest asset financing company in India Shriram Transport Finance Company Limited (STFC) a part of the Shriram Group, announced a hike in fixed deposit rates by 15 to 25 basis points (0.15%p.a. to 0.25%p.a.) across different tenures. The new rates will come into effect from Friday, May 20, 2022.
An additional interest of 0.50% p.a will be paid to Senior Citizen depositors, which was 0.30% p.a. earlier.
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