Shriram Transport Finance raises FD charges by as much as 25bps

NEW DELHI: Shriram Transport Finance Co. Ltd. (STFC), a part of the Shriram Group, has hiked mounted deposit charges by 5 to 25 foundation factors (bps) throughout tenures, efficient 14 October. Customers can earn an curiosity of as much as 8.90% on their mounted deposits (FDs). Women depositors will get a further 10 bps (0.10%) on all FD charges.

On Thursday, Shriram City Union Finance Ltd. had introduced a 5-25 bps hike in its FD charges.

Senior citizen depositors will get a further 0.50% on all tenure buckets. When the deposit matures and the depositor chooses to resume it, further curiosity of 0.25% shall be paid.

Interest charges on Fixed Deposits with impact from 14 October:

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 Shriram Transport Finance Co. Ltd FD charges

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