India’s largest Two-Wheeler Financier and the leading deposit accepting NBFC, “Shriram City” offers highest interest rate of 8.40% p.a. and an additional 0.40% p.a. for Sr. Citizens on Fixed Deposit.
For the consumers in search of safe and high returns on their investment, Shriram City’s FD schemes present the best solution.
Shriram City Union Finance (Shriram City), India’s largest two-wheeler financier and a leading deposit-accepting Non-Banking Finance Company (NBFC), has announced the highest interest rate of 8.40% along with an additional 0.40% for senior citizens on its Fixed Deposit (FD) schemes. Most importantly, it offers a monthly cumulative feature which results in the highest yield on your investment. Trusted by more than 5 million Indians across the country who choose the company’s products for their financial planning, this NBFC is ranked amongst the largest lenders to MSMEs, besides accepting FDs on a big scale. A reputed name in the retail loan segment, Shriram City also offers Recurring Deposit (RD) schemes.
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FD schemes offered by Shriram City Union Finance are rated ‘MAA+ / with Stable Outlook‘ by ICRA, ensuring the payment of the interest earned along with the principal amount invested in the scheme. The minimum amount to start an FD account with Shriram City is Rs. 5000, and then a consumer can increase the investment in multiples of Rs. 1000. There is no maximum limit on the amount that can be deposited in this one-of-a-kind FD scheme with tenure ranging from 12 months to 60 months.
Mr. Y.S. Chakravarti, MD & CEO, Shriram City Union Finance said. “The festival months have generally always seen Shriram City scale up its two-wheeler financing business, but this year’s performance has been particularly spectacular as it comes on the back of a prolonged lockdown. After having financed over one lakh vehicles in October, our teams did even better in November, and we funded almost 1.67 lakh two-wheelers, which attributes to disbursement of over Rs. 1,000 crore. Our perfo