FD Rates: Retail NBFC Shriram Finance has increased its interest rate on fixed deposits (FD) by 0.05 per cent from 0.20 per cent to 9.40 per cent.
FD Rates: Retail NBFC Shriram Finance has increased its interest rate on fixed deposits (FD) by 0.05 per cent from 0.20 per cent to 9.40 per cent. According to the press release of Shriram Finance, “Senior citizens aged 60 years or above at the time of deposit/renewal can avail additional interest of 0.50 per cent per annum, while women investors can avail additional interest of 0.10 per cent per annum. The company will offer 0.25 percent additional interest per year on all renewals.
Shriram Finance senior citizen FD investors will earn 9.30 per cent interest on FDs for tenures of 50 months, 60 months, women senior citizen investors will earn 9.40 per cent FD interest rate. Regular citizens will be able to get 8.80 percent interest rate on the same tenure.
Similarly, on April 8, Bajaj Finance has increased the interest rates on fixed deposits by 60 basis points to 8.85 percent. Effective April 3, 2024, the company has increased FD rates for seniors by 60 basis points in tenures of 25 to 35 months and by 40 basis points in tenures of 18 to 24 months, the company said in a release on April 8. Is of.
Senior citizens can avail FD rates up to 8.85 per cent and non-senior citizens can avail FD rates up to 8.60 per cent by booking digitally for a tenure of 42 months.
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