NEW DELHI: Shriram Transport Finance Firm, a part of the Shriram Group, has hiked fastened deposit charges by 15-25 foundation factors (bps) throughout totally different tenors. The brand new charges shall be efficient 20 Could.
FD charges for 12-24 months stay unchanged, and people for 36 months have been raised 25 bps. The 48-month charges are up 20bps and 60 months by 15bps. Additionally, an extra curiosity of 0.50% each year shall be paid to senior citizen depositors, which was 0.30% earlier.
The revised charges of curiosity are 6.5% for 12 months, 6.75% for twenty-four months, 7.75% for 36 months, 7.8% for 48 months, and seven.9% for a 60-month tenure.
There are particular tenures – 15 months, 30 months and 45-months, for these investing by the corporate’s web site. Rates of interest have been hiked for 30-month and 45-month tenures by 25 foundation factors and 20 foundation factors respectively.
The rates of interest relevant from Could 20 for these investing by the corporate’s web site are 6.75% for 15-month, 7.75% for 30-month and seven.8 % for 45-month tenure.
Supply: Live Mint