The lowest interest rate offered by most commercial banks hovers in the range of 3 to 4.25 percent, while the maximum interest rate is in the range of 7 to 7.25 percent.
Shriram Finance offers a variable interest rate between 7.8% and 8.6% per annum on fixed deposits, starting at 7.8% for a 12-month tenure, increasing to 7.95% for 18 months, and reaching 8.10% for a 24-month tenure.
Shriram Finance offers interest rate on fixed deposit in the range of 7.8 to 8.6 percent per annum. The interest rate is 7.8 percent on 12-month deposit, it rises to 7.95 percent when the tenure is 18 months. This further rises to 8.10 percent when the tenure is 24 months.