New Delhi: Shriram Transport Finance Company Limited (STFC), part of Shriram Group, has increased fixed deposit rates by 5 to 25 basis points (bps) during the tenure, effective October 14. Customers can earn interest of up to 8.90% on their Fixed Deposits (FDs). Women depositors will get an additional 10 bps (0.10%) on all FD rates.
On Thursday, Shriram City Union Finance Limited had announced a hike of 5-25 bps in its FD rates.
Senior citizen depositors will get an additional 0.50% on all tenure buckets. When the deposit matures and the depositor chooses to renew it, an additional interest of 0.25% will be paid.
Interest rates on fixed deposits from October 14:
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