FD interest rates: Shriram Finance has increased interest rates on fixed deposits by 0.05 to 0.20% for various maturity tenures. The revised FD rates are effective from April 9, 2024.
Mumbai (Maharashtra) [India], May 3 (ANI/PRNewswire): The Shriram Group has consistently prioritised the interests of the 'Common Man' at the forefront of all business decisions. With an emphasis on providing financial services to the bottom of the pyramid, Shriram Finance has continuously excelled at serving the underserved. According to Umesh Revankar, Executive Vice Chairman of Shriram Finance, "The business will provide financial management to more people and work towards the empowerment of more communities so they can take full advantage of the money they make". Shriram Finance offers a special interest benefit of 0.50 per cent p.a. for senior citizens and 0.10 per cent p.a. for women depositors inclusive of which one can earn attractive interest rates as high as 9.10 per cent p.a. "Over the course of my 47-year journey, I have seen the sector evolve multi-fold due to the introduction of policies that have helped us serve the under-served," stated R.Thy
Mumbai (Maharashtra) [India], March 13 (ANI/PRNewswire): According to Kuvera's research, nearly half of the 1.6 million investors revealed they preferred Fixed Deposits (FDs) when they wanted money within 3 years with safety. This would represent 44% of the survey's overall respondents. To beat inflation, another 23% chose to store their emergency cash in FDs. Y.S. Chakravarti, MD and CEO of Shriram Finance states that, "The fixed deposit continues to be the instrument with the highest level of stability because the depositor is always guaranteed the maturity amount and does not run the danger of losing the principal amount. Since it is independent of the market, one can also choose to receive interest payments on a regular basis from fixed deposits. Senior citizens can also benefit from greater interest rates offered by fixed-deposit plans, along with the special senior citizen interest benefit of 0.50%p.a. Investing in a fixed deposit can prove to be ideal as it helps th